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What is USDT


¿What is USDT?

USDT is a token called a stablecoin that retains its fixed value to the US dollar issued by Tether Limited unlike other currencies that circulate in the market.

This stablecoin is a concept that came out in 2014 from Mr. J.R. Willet, who along with Brock Pierce and Craig Sellars were working on developing a master coin.

Previously, this was a blockchain that worked as a communications protocol that moved over Bitcoin, its name evolved on November 20, 2014 when the CEO of Tether Limited reported that the project would be called tether, the creation was also announced. of three stablecoins USDTether (USDT) Euro Tether (EURT) and YenTether (YENT), in this way Collins predicted the birth of three stable coins, starting the story of USDT, EURT, YENT, stablecoins that were added in early 2015 to the Bitfinex platform.

¿What does it offer?

It offers security and liquidity, in order to comply with user withdrawals when they require it.

¿How Does USDT Work?

It works with open block technology, taking advantage of the transparency and security that it offers.

¿How is USDT Regulated?

Tether promises that an “audit” will be carried out in months, according to the general counsel of the project, according to the words of Hoenger in a rare interview in mid-July 2021 with CNBC, he stated that they are working to obtain financial audits, something that nobody more in the stablecoin sector has done yet.

Why do people use USDT?

Users use USDT because it works like a normal stablecoin and has all the attributes that stablecoins offer, such as making transfers anywhere in the world quickly and without limits.

Finally, the currency does not suffer from volatility, since it is anchored to the value of the US dollar.

¿How is USDT different from other stablecoins?

The difference between USDT and other cryptocurrencies is based on the fact that if Bitcoin changes in the future, the stablecoin will also do so, even if they are anchored to the value of the US dollar. This could be counterproductive for your business or when making payments to third parties. On the other hand, the BUSD cryptocurrency acquires many new technologies that make it more stable and secure than USDT.

If you want to feel secure and protected when saving or keeping your money, the best option is to use BUSD.

¿Where can I buy it?

One of the ways where you can buy USDT is through Binance as it has a wide variety of tradeable USDT, you can exchange a cryptocurrency, fiat cryptocurrencies or simply use a debit or credit card to buy the stablecoin, they are also allowed bank deposits.

¿Where to find more information?

For more information such as movements, prices, explorers, contracts and more, you can visit the following link:

Thanks to Gastcoin Gateway you can use this stablecoin for electronic commerce in a decentralized way, for more information:

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