Stablecoin is a crypto asset with a stable exchange rate and is not subject to sharp price fluctuations in contrast to volatile cryptocurrencies such as Bitcoin, Ethereum and others.
Tether (USDT) is the first and most popular stablecoin on the crypto market, available on multiple blockchains.
The global idea of Tether is to bypass the restrictions imposed by banking systems in the process of interacting with cryptocurrency. To accomplish this, a fixed-price cryptocurrency pegged to fiat, in this case to the US dollar at a 1: 1 rate, was developed. The company behind Tether, Tether Limited, claims to have reserves that fully support every US dollar.
The market capitalization of the most popular stablecoin is currently approaching $ 50 billion.
Coinbase, the largest cryptocurrency exchange in the United States, announced on April 22 that it is listing Tether (USDT) on its professional trading platform in accordance with the ERC-20 standard.
The ERC-20 protocol on top of the Ethereum blockchain provides additional opportunities for interacting with smart contracts, which is much more profitable for trading and will allow the Bitstil team to significantly increase profits on cryptocurrency transactions.
The main advantages of working with Tether:
- Stable exchange rate 1 USD = 1 USDT;
- High liquidity;
- Availability on different blockchains;
- anonymity and decentralization;
- Fiat reserves;
- Widespread adoption;
- The speed and low cost of transactions with USDT on the Tron blockchain;
- Significant capitalization;
- Ease of calculations;
- Availability of reporting;
- The same conditions for individuals and legal entities.
Tether (USDT), as the most liquid, stable and reliable stablecoin, plays a key role in the evolving digital token ecosystem.
With the rapid growth in the value of digital assets, investing in cryptocurrency brings additional profit.
We are pleased to announce that we have connected the stablecoin Tether (USDT) to our online investment platform.
Now you can open deposits in our investment project Bitstil in Tether cryptocurrency tokens (USDT) and receive a double benefit from the growth of the digital currency rate and from the accrual of interest on the deposit in the project.
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