are people using USDT to park some of their profits? How does it work. If you sell ETH and get USDT can the USDT go down from what you bought in at? I don't think so but want to check with prople using it.
USDT is a cryptocurrency that is supposed to be 1:1 ratio to the US Dollar. I use this but I try not to hold much in USDT for too long as there has been rumors that they do not have the reserves necessary to keep this ratio so something bad can happen at anytime. If you will be parking large amounts of Fiat better to transfer and sell on a gateway such as coinbase for actual USD. This is much safer.