Tether (USDT)

[Blessed19]

Tether USDT with a price value of $1and a market cap of $83 billion.
Tether's price is anchored at $1 per coin and that's because it is what we called a stablecoin.
Stablecoins are tied to the value if a specific asset which in Tether's case it is the US dollar. Tether often acts as a medium when traders move from one crypto coin to another.

 

[fcbetting]

I like USDT because it is stable. I can hold some coins and value will not fall. Traders don't like it since value don't change and they don't earn on difference. But as you said it is good medium coin between exchanges.

 

[flower]

Usdt is one of the famous stablecoin in the cryptocurrency space that each and every individual's will always love to adopt because it is a great assets I love to hold it for a long time.

 

[Blessed19]

I like USDT because it is stable. I can hold some coins and value will not fall. Traders don't like it since value don't change and they don't earn on difference. But as you said it is good medium coin between exchanges.

Truly USDT is a good coin and a medium at which exchanges are being made due to fact that it is attached to the US dollar hence it is a stable coin that can make up for any coin or transaction as the US dollar is widely accepted and known all over the world.

 

[Smalto]

Tether USDT with a price value of $1and a market cap of $83 billion.
Tether's price is anchored at $1 per coin and that's because it is what we called a stablecoin.
Stablecoins are tied to the value if a specific asset which in Tether's case it is the US dollar. Tether often acts as a medium when traders move from one crypto coin to another.

Yes, very true, tether is pegged at a specific amount, and also very stable stable, hence why it is called a stable coin and it is my favourite stable coin in the cryptocurrency space.

 

[Blessed19]

Yes, very true, tether is pegged at a specific amount, and also very stable stable, hence why it is called a stable coin and it is my favourite stable coin in the cryptocurrency space.

Sure the more reason why when one buys other memecoins or shitcoins, they always make use of USDT to swap or convert when there is a certain amount of profits gained from the bull run of the coins at which they bought.

 

[Golden9]

Tether was my favorite trading pair for most coins and tokens when I wanted to accumulate more of it. With the current bearish and sideways movement of the market though, I find Bitcoin to be a better choice.

 

[nomad]

I don't invest in stable coins, however, I frequently make use of USDT to minimize the risk when the market starts falling down. USDT is the most valuable stablecoin, it ranks third.

 

[flower]

I don't invest in stable coins, however, I frequently make use of USDT to minimize the risk when the market starts falling down. USDT is the most valuable stablecoin, it ranks third.

You have a very good point! I use usdt as well to store my crypto asset because it is a stable coin and it is not subjected to the market fluctuation like other cryptocurrencies in the crypto market.

 

[nomad]

I think the primary purpose of using stable coins was to minimize the market risks related to crypto. Crypto by nature is very volatile, when the price starts droppping, you can convert your assets to stablecoin and protect your crypto assets