Tether (USDT) — third by capitalization and first by traded value cryptocurrency in the world, which rate is always stable due to pegging to the dollar rate.
Now, there’s a turnover of 23,7 billion USDT coins, which total capitalization is 1,6 trillion US dollars (09.01.2021).
• Stable rate. Due to pegging to the fiat US dollar rate.
• Fiat reserves. According to the company, ‘the platform currencies are 100% reserve-secured’.
• Outside crypto markets, it can be used as a common means of payment to buy and sell products or pay a subscription.
• Cheap and fast transactions.
The growth of Tether cryptocurrency is explained by wide recognition and pegging to the dollar. Moreover, blockchain developers increasingly frequently use the coin to service transactions in apps.
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