Launched in July 2014 as RealCoin and renamed Tether in November 2014, it has made its place as the third-largest Crypto globally. Interestingly, Tether is also the largest stable coin, with a market cap of $83 billion.
Did you also know that this Crypto can be used as a medium of exchange, which contributes to the world of decentralized finance?
All these positions and the great qualities and advantages that Tether comes with make it a reasonably wise Crypto investment in the current situation. But there is so much more. Visit Quantumai platform for investing in Tether if you want to make your portfolio comparatively stable before you move ahead.
- A Stablecoin Associated With US Dollar
The main feature of a stable coin is pegged to other assets. In the case of Tether, the support used for pegging is the US dollar. The intention behind pegging it to the US dollar is to keep the value of one Tether as $1 at all times. This means that the price of Tether as a stable coin will not keep changing like other Crypto assets.
- Used As A Mode Of Payment
If you hold Tether in your digital wallet, you can use it for several purposes. It can be used to purchase other Cryptos, pay for goods and services, and transfer money. Since Cryptos facilitate immediate payment, you might want to use them to buy other Cryptos, goods, and services because, in the case of bank transfers, you will have to wait for 2 or 3 days for your investment to get processed. Also, many Crypto exchanges offer money as interest if you lend them your Crypto. This way, you can use Tether as a source of income and means of expense.
- Safe Option
As a token, it is a safe option to invest in Tether. Yes, they do face price volatility, but it does not mean that they are not safe. The stablecoins of Tether are pegged to the US dollar, which makes it fairly safer than the other Cryptos. The volatility, in this case, might help you gain a lot or lose some.
- Easy Transactions With Fewer Transaction Fees
Tether facilitates domestic as well as international transactions in a smooth manner. It is associated with the US dollar that provides you with a reason to not worry about the difficulty of the transaction getting processed. Fascinatingly, the fees charged for these transactions are also very low.
- Better Stability
What is better than a stable investment in this volatile market? It is one of the best stablecoins to make your investment in. Tether works towards making the Crypto market a little less volatile than it already is with the stability that they can offer. This will increase your trust in the investment and save you from losing a lot of money.
After getting to know that you could keep your money wisely if you make this investment, are you ready to explore the world of Tether?
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