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Can I Invest In Tether? by Larynxhedon: 8:13pm On Jan 20, 2022 |
I heard Tether is safer than the rest of the crypto, so how much can I invest in Tether? |
Re: Can I Invest In Tether? by ayowoleoa: 8:22pm On Jan 20, 2022 |
Let me assume you don’t know what Tether actually is in the crypto space or you’re just being skeptical... Tether, or USDT as it’s fondly called, is a stablecoin. This means that it’s not subject to any volatility as its value is tied to the dollar. So, $1 = 1 USDT. USDT is also available on almost all existing exchanges. It allows you to easily move or swap your high-volatility coins (such as BTC) to protect your capital and secure your profit from any likely red market. Unlike other cryptocurrencies, the USDT price must hold steady at $1, both in good and bad market conditions. . If Tether is on your radar and you’re still skeptical but would like to know more: -You can easily buy/sell any amount on all exchanges as it’s readily available -It can be used to purchase other crypto or to transfer money, just like normal USD would do. -It’s backed by a company known as Tether Limited -It’s the 3rd largest cryptocurrency based on market capitalization -It has an adjustable supply, and it is minted or burned based on market demand, to keep the price stable at $1 I’m sure you’ve all the answers you need now and for safety reasons, you can easily store and transact USDT on CEFI+DEFI exchange platforms like Quidax. 1 Like 1 Share |
Re: Can I Invest In Tether? by Larynxhedon: 8:24pm On Jan 20, 2022 |
That was really detailed� |
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