Buy Tether (USDT) instantly

What is USDT?

USDT, also known as Tether, is a stablecoin launched in 2014. A stablecoin is a type of cryptocurrency, or digital asset designed to maintain price equivalence to the US dollar to allow the use of fiat currencies in a digital manner.

This makes it a popular choice for those looking to buy crypto without the volatility typically associated with the crypto market. By allowing users to transact with traditional currencies on the blockchain, Tether threatens to disrupt the traditional financial system.

The tokens are referred to as stablecoins because they offer price stability, making them a reliable choice for those looking to buy crypto or purchase cryptocurrency. The value of the token is pegged to the US dollar, so token holders can always redeem USDT for USD on a 1-to-1 basis.

The Tether website states that each token is “100% backed by our reserves, which includes traditional currency and cash equivalents”.

Where can I get USDT?

USDT is widely available and, of course, you can pick some up at Coinmama.

USDT is available on many well-known and widely-used blockchains such as Algorand, Avalanche, Solana, Stellar, and TRON. Since USDT is now available on such a wide variety of blockchains, users should be careful when sending tokens to ensure that the destination address matches the correct protocol.

Why is USDT useful?

USDT is a stable store of value pegged to the US dollar that benefits from the speed and security of blockchain technology. It allows fiat currency to be used digitally and offers traders, merchants, and funds a low-volatility solution when exiting positions in the market, such as when buying bitcoin. 

For example, if a trader expects the price of Bitcoin to fall, they may wish to hold USDT instead. Individuals can also use USDT tokens to protect themselves from times of volatility in the crypto market.