You might know about Bitcoin and Ethereum in Cryptocurrency but have you heard about USDT? If not then go through this guide and find out what is USDT, its uses and how you can buy it. Newbies in the crypto industry are only aware of a few top cryptocurrencies including BTC, ETH, XRP etc. however, there are more than 5000 cryptocurrencies out there, among which some are stable coins like USDT. USDT is also called Tether which is made to be valued equal to 1 US dollar. It means that 1 Tether would always be equal to 1 USD although there are many controversies associated with the coin. Let’s know more about USDT, its benefits and use cases.
Cryptoknowmics:
The USDT is a common and one of the Stablecoin that runs on multiple blockchains, such as ERC20 on Ethereum Blockchain TRC20 on Tron Blockchain, and OMNI on Bitcoin Blockchain, And aside from USDT or Tether there's is plenty of USDollar pegged Stable coin to choose from. But USDT or Tether is the largest and most popular one. I'm using USDT Stablecoin before as a refuge after my Binance day trading end to maintain the value of my asset. But due to the red flag raised on Tether thats why I stop using it and replace it with another trusted Stablecoin called BinanceUSD or BUSD.