USDT: The Stable Coin for Traders

As the third-largest cryptocurrency by market capitalization, Tether, also known as USDT, has become a valuable asset for traders seeking stability in the volatile crypto market. USDT is a stable coin that is backed by a reserve of assets outside of the cryptocurrency markets, such as fiat currencies or commodities like gold. [1]

What is USDT?

USDT was launched in 2014 as a blockchain-enabled platform designed to facilitate the digital use of fiat currencies. Its aim is to revolutionize the conventional financial system by offering a more modern approach to money. By transacting traditional currencies across the blockchain, USDT provides customers with a way to bypass the complexity and volatility typically associated with digital currencies. [2]

One of the main benefits of USDT is that it is 100% backed by a reserve of assets at all times, ensuring its market value is always close to $1.00, regardless of the crypto exchange it is traded on. USDT has come a long way, from being the first to the most widely adopted stable coin, and today it is one of the most traded tokens by volume, accepted by major exchanges, P2P desks, and wallets. [3]

How Traders Can Use USDT?

USDT is a digital representation of a dollar that leverages the characteristics of blockchain transactions, such as speed, anonymity, borderless, decentralized, and global. Traders can use USDT to profit from a downturn in the value of Bitcoin or other cryptocurrencies. USDT can be purchased on most crypto exchanges and is popular as a tool for traders. [4]

For instance, if the market price of BTC is $10,000, one BTC can be sold for approximately 10,000 USDT. If the cryptocurrency falls to $5,000, that same 10,000 USDT could buy two BTC. Once BTC returns to $10,000, traders who made such transactions would have profited $10,000. Additionally, USDT can act as a hedge, allowing traders to sell their crypto assets for USDT when they are not trading or holding them overnight.

Furthermore, as USDT is accepted by most exchanges, it is a good way to transfer value between exchanges without fearing that deposits will lose value once they arrive in the wallet of another exchange.

In summary, USDT provides traders with stability, security, and flexibility. By using USDT, traders can mitigate the risks associated with volatile crypto markets while leveraging the benefits of blockchain transactions.

How to make money in Exchange Market?

When the price of BTC rises, you need to sell BTC to USDT. When the price of BTC drops, you need to buy BTC in USDT. Finally, you will earn the difference (by comparing the amount of BTC you sell/buy).

Step 1.

First, you need to transfer your BTC from your P2P account to Exchange account. This transfer process is real-time and free. Both P2P account and Exchange account belong to you.

Step 2.

When the price of BTC rises, you need to sell BTC to USDT.

In Exchange Market, Select [Sell], enter the price at which you want to sell BTC, select the quantity [100%], and finally click [SELL BTC] button. When the BTC market price reaches the selling price you set, all your BTC will be sell to USDT.

Step 3.

When the price of BTC drops, you need to buy BTC by USDT.

In Exchange Market, Select [Buy], enter the price at which you want to buy BTC, select the quantity [100%], and finally click [BUY BTC] button. When the BTC market price reaches the buying price you set, all your BTC will be bought by USDT.