What is USDT?

[TaYsoN 25]

USDT is a Tether, which is a cryptocurrency that is tied to a fiat currency for stability. It is a cryptocurrency released on the Bitcoin blockchain through the Omni Protocol. Its exchange rate value is fixed or tied to the value of the US dollar.

The only reason 1 USDT is actually worth $ 1 USD is that exchanges maintain a reserve of USD to back every existing USDT. USDT can be spent, traded, or transferred, like Bitcoins or any cryptocurrency. They can also be stored in specialized wallets compatible with Omni. I hope it helps you xD
Greetings fellow, luck with the hunt.

[Gabomg 54]

USDT is a stablecoin or stable cryptocurrency created by the company Tether. A stablecoin is a cryptocurrency that maintains a fixed value with respect to a high value fiat currency, a crypto asset or some commodity. And it is that no matter what fiat currency or value has been chosen, a stablecoin will maintain the relationship with which it was created with it. That is the main difference of stablecoins with the rest of the cryptocurrencies whose volatility is practically its nature.

 

In the case of USDT, the company Tether has created it with a 1: 1 parity against the dollar. This means that 1 USDT will always have a value equal to or very close to 1 $ USD. In addition, the name of USDT comes from uniting, USD (financial symbol of the dollar) with T (of Theter). However, the implications of creating a stablecoin are many and Tether has created a vast ecosystem around it. This has allowed Tether not only to evolve as a company but at the same time demonstrate the transformative potential that USDT can bring to the world.

[hackynoway 89]

The official explanation is that the USDT (Tether) is a cryptocurrency that is part of the set of stablecoins and whose main objective is to have a 1: 1 value with respect to the dollar, neither more nor less.

It is not a currency to speculate or to hold but, let's say it for the effect of refuge in times of storm in the markets, to put a simile of Sailors.

[CarlosVlz 92]

For me one of the best cryptocurrencies since it depends directly on the value of the USD, also this crypto strengthens the continuous and accelerated development that the world of cryptocurrencies is having to be the currencies of the future.

[mertcanozluk 19]

its called Tether Stable coin 1 USD=1 USDT most trustful stable coin

[dtworker123 75]

It's called Teather and it's a stable coin like the USD, and it is exactly worth as 1$.

[gusa20 119]

Is a cryptocurrency of the so-called stablecoin created by the company Theter has created it with a 1 to 1 parity with respect to the dollar. This means that 1 USDT will always have a value equal to or very close to $ 1. In addition, the name of USDT comes from uniting, USD which is the financial symbol of the dollar with T of Theter. Enjoy all the advantages of a normal cryptocurrency. Which means that you can send USDT anywhere in the world without major problems and with low commissions. Another advantage it offers is being a means to protect investments from traders within an exchange platform. A trader can carry out cryptocurrency purchase and sale operations and at the end of his operations he can convert his balance into USDT. That way you protect yourself against the fluctuation of cryptocurrency prices until you trade again.

[JorgeOvalle111 222]

USDT is a stablecoin that has the value of 1 dollar, it runs through the tron network and is one of the most used stablecoins to freeze bitcoin.

[jacksonj 68]

It is a stablecoin, whose price is supported or equated to a fiat currency in this case the $, with them you should not worry about market fluctuations, not only is this currency of that style, but there is also the BUSD and the DAI

[JhoserLG 25]

The USDT is a cryptocurrency of stable or fixed value, which is backed by a value similar to the traditional currencies printed on paper such as the US dollar and why not also the Euro.

[Cesar0207 24]

USDT is a cryptocurrency that has been in the market for some time and that tries to always have the value of a dollar, it is very interesting because it almost always has this value, it has a very small variation

[mezabeatriz763 29]

It is a cryptocurrency released on the Bitcoin blockchain through the Omni Protocol. Its exchange rate value is fixed or tied to the value of the US dollar. The only reason 1 USDT is actually worth $ 1 USD is that exchanges keep a reserve of USD to back every existing USDT.

[sheian0206 76]

Hello, usdt is a stable crypto, let's say it is tied to the price of the dollar, you have other similar ones too, passing your cryptocurrencies to usdt is detecting that the price is going to go down then when you go to usdt you freeze and buy lower.

[Yeroth 90]

It is a controversial cryptocurrency with a tokens issued by Tether. Previously, it was stated that each Tether token was backed by one dollar of the United States Of America, but on March 14, 2019 it changed the support to include several loans to Big Cryptocurrency companies. .

[Marco Goncalves 78]

It is a great stable crypto, if you want to protect your money of inflation and volatility of other crypto, you can hold USDT and trade it like others crypto

[ekraali 32]

USDT IS COINS like other  coins and its equal  dollar and its stable

[avgplaya 97]

23 hours ago, Gsantana1967 said:

The USDT coin is part of a new “species” of cryptocurrencies called stable currencies that precisely seek the stability of cryptocurrencies, unlike the radical changes that have been seen in other cryptocurrencies such as Bitcoin or Ethereum. In this way, it would actually be possible to use them as a means of exchange and as a means of saving instead of using them as an instrument of speculation.

This refers to the fact that its value is always tied to the USD. USDT was originally announced under the name RealCoin, in July 2014 and appeared as a startup based in the United States. It was until November 2014 that the name change to Tether was announced.

I think that the appearance of coins like Tether, enriched the crypto ecosystem. It suggests an independence of FIAT currencies, tending to the complete disappearance of this centralized banking system. In the best of chaos, the banking system would have to adapt to a new economic reality.

😎❤️👻

[Matias Conforti 89]

It is the dollar Tether, a stablecoin that is used as if it were the dollar, the USDT always traded at a dollar and always will (theoretically), it is used a lot to make trade and to have dollars ready to do some operation

[sukoe 106]

USDT is a stable crypto which has a stable value as that of USD unlike Bitcoin and can be transferable and exchanged and used to transfer international large sums of money

[nana1607 42]

I really had no knowledge about this but it is clear to me that it is the US $ 1 figure and it is a stable currency. thanks for sharing your knowledge and learning something new.

[alexandra fernandez 44]

5 hours ago, emirojose4311 said:

¿Qué es USDt? Bueno, básicamente es como el dólar de los Estados Unidos de América pero en versión digital tiene el mismo precio que un dólar normal ...

As we can see, the USDT is part of a new generation of crypto currencies: the stablecoins. A stable currency or stablecoin is a type of cryptomoney backed by reserve assets and offers minimum price volatility. Indeed the Tether also known as Tether coin, USDT coin and even Tether altcoin, is a cryptomoney based on blockchain technology whose tokens in circulation are backed by an equivalent amount in traditional currencies including USD, EUR. 

[joseraul 28]

a usdt is a currency that is worth almost equal to the dollar seriously it is the first currency that is worth equal to the dollar

[Ahmed YEHYA 5]

The digital dollar is a stable and subsidized business, and it is a safe haven for the 9-dollar denomination without an increase or decrease in the price of the currency

[Jesika 225]

is a cryptocurrency that is tied to a fiat currency for stablecoins stability. .

[Giocatore1987 36]

USDT (Tether) Es un estable con, que cada uno se mantiene siempre muy cerca de 1 dólar americano, a veces tiene que subir o bajar pero es casi impersible. Lo uso para poder comerciar.

Edited October 10, 2020 by Giocatore1987