Tether is a popular stablecoin pegged to the US dollar today. Such cryptocurrencies are popular primarily because of their low volatility, the stable exchange rate that bitcoin owners are so often worried about. In the case of Tether, the exchange rate is always held at the level of the US dollar.
At the moment, USDT stablecoins are used primarily for storing funds. With the help of such coins, users can be aware of the stable price of the currency in the wallet. Moreover, the founders of Tether argue that the currency has real confirmation of its value in the form of fiat dollars, and each USDT is equal to USD in the company’s accounts. At the same time, the amount of funds is regularly published on a separate website, and some audit firms regularly conduct appropriate checks on USDT.
- Stable course. This is the main reason for the popularity of such currencies on the crypto market, where other coins have very high volatility.
- Fiat collateral. This makes USDT more stable than Bitcoin or Ethereum, since they have no physical reserves.
- User confidence. Many crypto investors love Tether for its stability and convenience. And also because of the optimal rate, websites and shops use USDT as a means of payment.
- High capitalization and scalability. For example, in May 2020, Tether temporarily took the position of the third cryptocurrency in the world by market capitalization.
- Cheap and fast transactions that will be completely free for Chatex users.
Tether in Chatex
If you also want to try the stable Tether cryptocurrency for storing funds, making payments and exchanging, then purchase it now using Chatex, a legal P2P service for exchanging, transferring and storing cryptocurrency. You can do this by following the link in the service’s chatbot, which is built in the popular Telegram messenger.
Our service guarantees convenience and safety of purchasing any cryptocurrency on the Chatex platform.