Tizer News

What is this thing called USDT?

Highly volatile cryptocurrencies such as Bitcoin (BTC), Ether (ETH) or Tron (TRX) are good for investing, but not as good for everyday use.

That is why a so-called stablecoin was once created. Stablecoins aim to keep cryptocurrency valuations stable, as opposed to the wide swings observed in the prices of other popular cryptocurrencies mentioned above.

This allows stablecoins 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.

Tether (USDT) is the most popular stablecoin to date. It belongs to the category of fiat-collaterized stablecoins, meaning that a fiat currency like US dollar, euro or Japanese yen backs each cryptocoin in circulation.

The peculiar thing about the USDT that it is represented in all popular blockchains such as Bitcoin, Ethereum and Tron, which makes it universal in use, as you can receive and send it to any blockchain.

Btw, Tizer Wallet supports all main blockchains too.
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