What is USDT?

[Diego Alfredo Moral 28]

On 10/8/2020 at 8:53 PM, 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.

Goodnight. One of the first that I heard, as a way of saving, that it allowed me to change the currency of my country, for dollars, within the crypto world. Thanks to her, I got to know this beautiful crypto world.

[Yorka 48]

USDT is a Tether, which is a cryptocurrency that is tied to a fiat currency for stability. Currently it has a value of $ 1.00 USDUSDT 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 cryptoasset or some commodity

[DennisChannels 238]

My favorite coin for transferring between exchanges....

 

It can use many networks to be transferred, TRC-20 among them.... that's REALLY GOOD actually.

[Foysal2020 459]

USDT is the market that controls the price of a currency, its price rises when the price rises in the market. USDT is the some coin is one one currency 

[Cen97 37]

It is a crypto currency based on blockchain technology whose tokens in circulation are backed by an equivalent amount in traditional currencies including the USD, that is it a stablecoin that maintains a fixed value with respect to a high value fiat currency

Edited October 10, 2020 by Cen97

[jdponzoni 65]

 

usdt refers to tether. a stable currency in relation 1 to 1 with the dollar. In my experience it is easier to buy usdt and then just be able to invest in crypto. or before an eventual fall of the currency to monetize to tether to alleviate the loss.

[duainjo 26]

Tether is a blockchain-based cryptocurrency whose cryptocoins in circulation are backed by an equivalent amount of traditional fiat currencies, like the dollar, the euro or the Japanese yen, which are held in a designated bank account. Tether in this case it is backed of United States Dollar.

[Brayan ayax 26]

First say; which is the first stablecoin on the market, more than 1,000 million USDT were created.

Personally, I use it to protect my money from cryptocurrency drops.

I do not see a promising future for this cryptocurrency. Since as you know: that for every USDT, there is a dollar in a bank.

[gest49 84]

The usdt is a currency that has always been priced close to the US dollar, with some small variations. As of today (November 10) it is at the same price of the US dollar. It is usually a fairly stable currency, it is widely used by virtual traders. This crypto is based on blockchain. 

[Mero213 5]

Tether is a blockchain based cryptocurrency whose cryptocoins in circulation are backed by an equivalent amount of traditional fiat currencies, like the dollar the euro or the yen which are held in a designated bank account. Tether tokens, the native tokens of the Tether network, trade under the USDT symbol

Tether belongs to a new breed of cryptocurrencies called stablecoins that aims to keep cryptocurrency valuations stable, as opposed to the wide swings observed in the prices of other popular cryptocurrencies like bitcoin and etheruim That would allow it to be used as a medium of exchange and a mode of storage of value, instead of being used as a medium of speculative investments. 

[Shuvo46 41]

Usdt is a digital currency. It's Market price is good 1usdt = 1usd.  But all the time crypto currency prices are up and down. Besides it's a very good coin.

[Jaem22 29]

Is a USDT tether, it serves mainly to exchange it for cryptocurrencies and maintain your capital, they are electronic dollars, it is basically a stablecoin. You can get them at yobit.com

[dchaser 575]

Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S. dollar. The idea was to create stable digital cash. Tether converts cash into digital currency, to anchor or “tether” the value of the coin to the price of national currencies like the US dollar, the Euro, and the Yen.

[minoooo5 76]

yes Tether coin is a stable coin. It is a virtual dollar, Its exchange rate value is fixed or tied to the value of the US dollar. It has its place among cryptocurrencies, filling a niche where fluctuations will not work. As with any cryptocurrency And we areas sometimes we need to save and have a stable capital, without having the worries of it going up or down.

[trungnguyen 49]

Cryptocurrencies markets require a fixed coin to reflect market volatility. if there were only bitcoin and ethereum markets, they had no real value and USDT solved this

[LEOGOK100 69]

It 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.

[mildred27 317]

The Tether is one of the cryptocurrencies called stablecoin, the USDT began to gain popularity in 2014, stablecoins are cryptocurrencies based on the value of conventional currencies such as the dollar, Euro and others, this in order to reduce market volatility In the case of USDT, its value is 1: 1 in relation to the dollar, that is, it will be worth $ 1 or the closest to the default or excess.

[feralexsw 58]

tether is undoubtedly one of the most necessary cryptocurrencies at the time to trade because it is stable if you need to leave you do not have to worry about the currency collapsing and you lose your investment since it will always cost 1 dollar and the best of all is that it you can find within the tron and ethereum network

[Imanaliev 39]

Yes telegram is a very reliable application of the Crypto currency airdrops.

 

A lot of Crypto currency tokens work on the telegram bot for the users participation.

[ganandoconyago 15]

It is a stable currency, which is based on the real price of the US dollar, with this you can freeze the price of your cryptocurrencies.

[Jamillove2580 115]

USDT The number of users of this currency has increased a lot and the number of AAs is increasing every day.  Each USD dollar = 1 USDT.  So many people work to earn this coin.  This coin can be easily earned online.  This is a US dollar currency

[Rahi07 208]

USDT is also a coin of digital crypto currencies.....it is published united states in the month if july if 2014...the value of usdt is good...so it is comfortable for people and people satisfied with this coin....it achieved a good place in market..

[Ramy Hesham 67]

The stable cryptocurrency USDT has enabled businesses related to the crypto industry, exchanges, wallets, payment systems, financial services, trading platforms and ATMs to use the supported tokens that are stable on the blockchain. Tether is the dollar on the blockchain. Tether can be used as an alternative to the dollar for trading cryptocurrencies, the switch between assets and its price is almost stable with the price of the dollar with some differences 

[AlBitcoinCapone 21]

USDT is a stable coin. It can be very useful if you can’t easily sell or if the price of BTC falls and you want to protect your capital. I spend 2018!watching my BTC fall. There were no stablecoin at the time . It was very frustrating. 

[pepito45 6]

USDT Tether is a Stable coin, it is a cryptocurrency with the characteristic of a stable value close to or equal to 1 Dollar. This type of currency is commonly used to make transfers and seek a value support when the market is too volatile.