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USDTerra: The Stablecoin That's Taking the Crypto World by Storm

What’s USDT and why should you care? USDT, or Tether, is one of the newest cryptocurrencies on the market and it’s taking the crypto world by storm. Like Bitcoin, Ethereum, Litecoin, and other altcoins, Tether (USDT) is a cryptocurrency and can be used to buy and sell products online or in person without relying on any other currency like the dollar or euro or yen. However, unlike most cryptocurrencies on the market today, Tether (USDT) is pegged to the U.S.

USDTerra The Stablecoin That's Taking the Crypto World by Storm

Understanding Tether (USDT)

USDT is a cryptocurrency designed to be a stablecoin, meaning that it is meant to have relatively stable value relative to the US dollar. Terra Luna, Tether’s development company, claims that one of USDT’s primary uses is as an option trading instrument, with benefits such as no risk of interest rate fluctuations and complete transparency through each step of transactions. Coinbase and Nasdaq are two investors in USDT.

5 reasons why you should invest in Tether

Tether (USDT) is an option trading, crypto news, cryptocoin, crypto trader and crypto invest all in one. They offer a 2% monthly yield on Tethers (USDT) and their wallets are secure for your cryptocurrency investment. All of these reasons come together to make Tether a strong contender for your cryptocurrency portfolio.

How to buy Tether

How to buy Tether

If you want to invest in cryptocurrency, you can first buy Tethers on a popular fiat-to-crypto exchange like CoinBase or Cryptopia. You may also trade it on one of the various cryptocurrency exchanges that trade USDT, such as Binance, Poloniex, or Kraken. In this case, USDT will behave much like other cryptocurrencies.

How it works with exchanges

In a world of dramatic cryptocurrency volatility, where coins go up and down in value as much as 25% on a single day, USDT, the stablecoin from Terra’s newest cryptocurrency company Luna, is seeing even more stability than dollar. USDT has been growing rapidly in both demand and liquidity, with support from top exchanges like Coinbase and Nasdaq.