Tether Maintains Stability as a Stablecoin
Tether is known as a stable coin as its goal is to maintain a constant value so that it can be used as money rather than an asset. This means that Tether’s value does not fluctuate as much as Bitcoin or Dogecoin, for example. This is also important in making it a cryptocurrency and ‘fiat’ currency intermediary, providing stability, transparency, and low-fee trading.
Market value of Tether:
The current price of Tether (7, December 2021) is $1 with a 24-hr trading volume of $93,495,150,763 USD. The crypto asset reached its all-time highest price at $1.21 as of 27th May 2017. While the all-time low value of USDT was $0.0000108 on 14th June 2021.
How Tether stands out from other coins
Tether is a powerful tool as it can be exchanged into US dollars. It’s a crucial tool for avoiding the crypto market’s high volatility. Tether is not just the most popular stablecoin, but also the most popular cryptocurrency. Because of its great liquidity, it distinguishes itself from other coins. It has been reported that it provides even more liquidity than Bitcoin due to its large trading volume.
Advantages of Tether
- Tether is a risk management tool for crypto traders as you can convert your cryptos into USDT easily. However, there are many other competing stablecoins, but USDT has the most popular trading pairs.
- The transaction process is very easy and cheap to send and receive money around the world.
Looking for the Best pair to trade with USDT?
If you are looking for the best liquidity pair to trade USDT, then first you need to choose the trusted crypto exchange platform where you can invest your right cryptos. For that, we have come up with a solution, is Koinbazar a great Bitcoin Exchange App where users can invest their cryptos with ease.
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