The cryptocurrency Tether is a popular asset in all crypto platforms. Tether has a market capitalization of over $70 billion and a daily trading volume of $31.8 billion. In this article, we will talk about Tether USD stablecoin and its application in trading.
How is Tether Price Made?
Tether USDT is a stablecoin. As its name suggests, it represents price stability – unlike other crypto assets on the market, Tether is not subject to market trends and fluctuations. It is 80% supported by US dollar reserves, so this stable asset is always worth around one dollar or one euro. The USDT EUR rate is 1.0063, and the USDT USD price is 1.
Tether is traded on all reputable cryptocurrency exchanges. On centralized platforms, you can trade crypto-crypto and crypto-fiat pairs, for example, BTC/USDT, USDT/EUR, etc.
How do I Use Tether?
Here are the options for using USDT:
- Money transfers. It is no secret that cryptocurrency transactions are much faster and cheaper than transactions through banking services. For this reason, many companies have embraced cryptocurrency payments and actively use USDT for this purpose.
- Hedging risk. Crypto traders convert their investments into USDT to avoid sharp price drops and thus keep their investment value in euros or dollars equivalent.
Tether can be purchased on the WhiteBIT crypto exchange. It is a centralized platform that allows trading cryptocurrencies, staking, futures derivatives, bots, leverage, etc. Once you register on the platform and pass KYC verification, you will have access to all the features of the exchange and can withdraw unlimited funds. The platform offers everything you need for efficient trading, including cryptocurrency charts, calculators, stop loss and other instruments. WhiteBIT offers over 400 pairs with crypto and charges low fees for transactions. It operates fast and with no delays; for example, you can find the BTC USDT price and exchange your Bitcoins to Tether in a matter of minutes and withdraw funds directly to your bank card.
