What is the English name of Tether coin?
The English name of Tether is USDT, abbreviated from Tether. It is a cryptocurrency stablecoin pegged to the US dollar. It is widely used for hedging, trading pairs, lending and cross-border payments. Its advantages include price stability. , widely accepted, low fees, fast and efficient.
The English name of Tether Coin: USDT
The English name of Tether Coin is USDT, which is the abbreviation of Tether. Tether is a company that offers cryptocurrency stablecoins, and USDT is its most widely known stablecoin.
Understanding USDT
USDT is a cryptocurrency stablecoin pegged to the U.S. dollar. This means that every 1 USDT is worth as much as 1 USD. Unlike other cryptocurrencies such as Bitcoin, USDT is not susceptible to market fluctuations and is designed to provide a more stable form of store of value.
Uses of USDT
USDT is widely used in the cryptocurrency market for the following purposes:
- Safe-haven assets:In times of market volatility, investors will move funds into stablecoins such as USDT to protect their investments.
- Trading Pairs: USDT is often used as a trading pair for trading other cryptocurrencies as it provides a fixed value against the US dollar.
- Lending: Some platforms provide USDT lending services, позволяющее users to borrow or lend money in a stable currency.
- Cross-border payment: USDT Can be used to make cross-border payments quickly and at low cost.
Advantages of USDT
- Price stability: Pegged to the US dollar, providing a stable store of value.
- Widely Accepted: Widely accepted on many cryptocurrency exchanges and platforms.
- Low transaction fees: Compared to other cryptocurrencies, USDT transaction fees are generally lower.
- Fast and efficient: USDT transactions are generally fast and efficient.
The above is the detailed content of What is the English name of Tether coin?. For more information, please follow other related articles on the PHP Chinese website!
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