Tether (USDT)

Tether (USDT)

Buy Tether with credit card

The Tether token (USDT) was launched in 2015 to solve the key problem of digital assets. Cryptocurrencies are volatile, and this can sometimes prevent people from investing. When you buy Tether with a credit card, investments are protected as USDT tokens are backed by fiat USD. Such a characteristic makes this digital asset the first stable coin (crypto that is not influenced by volatility).

The Tether company announced that 74% of the token’s value is backed by US dollars; therefore, investing risks are minimized. The first stable coins were launched on the Bitcoin blockchain, while there are tokens corresponding to the ERC-20 standard based on the Ethereum blockchain. The idea of such an asset lies in combining the ability to invest in crypto with the exclusion of volatility risks.

USDT is the leading digital asset, according to 24h trading volume. Its dominance is about 30-35% of the total daily crypto trading volume. Investors prefer to buy Tether, considering it the best way to protect funds. Aside from the investment attractiveness, USDTs are step-by-step widespread as a payment method.

USDT stable coins are the golden middle between fiat and digital assets; therefore, investors from both developed and developing countries are likely to buy Tether with fiat currencies to make a head start on the crypto market.