Tether (USDT) is one of the most popular stablecoins out there. It was designed to hold a one-to-one value with the US dollar. The coin exists on many different blockchains and has experienced rising trading volumes and improved liquidity over the past few years.Like other stablecoins, USDT is useful for trading cryptocurrencies as it allows traders to avoid market volatility that is common to BTC and other crypto assets. Using stablecoins also removes the extra costs and delays of converting between crypto and fiat currencies.
Why Is It Important For You To Know What USDT Is?
When we enter a bear market you can swap your Bitcoins into USDT(stable coin) which means as BTC is dumping you will still hold the same USD value and you can trade BTC/USDT which means you can Profit From the Dump but you are not losing money in BTC since you are not holding any BTC so the Bitcoin price dumping does not affect you.
This also gives you an opportunity to buy bitcoin at a better price. Since you still hold the same value In USD but Bitcoins price has dumped it means it is now cheaper and you can afford more BTC.
If you want to Trade or Buy some USDT check out our preferred trading exchange.
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