Tether: the currency with a stable price on the digital asset market
27 Mar, 2023
Tether USD statistics
Tether (USDT) is a stablecoin, that is, a stable currency. It means that its price is linked to that of an asset or currency. In the case of USDT, its price is link...
Tether price: what you need to know
Is Tether coin (USDT) decentralized?
Because Tether has its price linked to US dollars, it is not possible to say that USDT is completely decentralized. To ensure that the price of USDT is equivalent to that of USD, the company that manages Tether has US dollar reserves as collateral.
What are stablecoins? How to trade them?
Stablecoins are digital assets that aim to maintain their price pegged to the price of another asset, usually in a 1:1 ratio. Stablecoins can be backed by fiat currencies, such as USD and BRL, or by any other asset, like gold or another cryptocurrency. For some stablecoins, the value isn't exactly 1:1 and the crypto asset price has minor differences relative to its reserve asset price.
Is Tether (USDT) a stablecoin?
Yes, Tether is a stablecoin as its price is linked to the US dollar. Stablecoins, such as USDT, are useful assets for those seeking protection against inflation, wishing to buy dollars more quickly or just entering the crypto market without being overly exposed to market volatility.
How to buy Tether?
You can buy Tether and many other digital assets like Bitcoin and ether through our platform. It is also possible to obtain other stablecoins there. To access these and other digital currencies in a quick, convenient and secure way, simply download the Bitso app or access our website. You only need to make a deposit, then convert the amount to buy the cryptocurrency you prefer. Plus, you can count on our Help Center for full support.