We all know that cryptocurrencies are blockchain-based digital assets. Some of them are tied to the value of fiat currency, such as the U.S. dollar or even precious metals.
One of such coins that finds value in USD is Tether or USDT. If you are thirsty for some basic knowledge about Tether (USDT), read this article and be all eyes.
Tether (USDT): Mechanisms of Work and Special Features
So, there is a USDT coin, which is tied to the U.S. dollar in value. This stablecoin is worth $1, in a one-to-one ratio with dollar, was designed by the BitFinex crypto exchange, and operates on the Tether blockchain. However, Tether is also available on Ethereum, EOSIO, and Tron blockchains.
Being a stablecoin doesn’t mean that the value will never change, but rather that it keeps cryptocurrency valuations stable just as the currency this crypto is bound with, as opposed to fast changes in the prices of other cryptocurrencies such as Ethereum and Bitcoin.
Right now, Tether finds its use most commonly in:
Converting USDT to other cryptos can be profitable if you match your expectations with the right trading technique.
Due to a stabilized volatility, USDT is successfully used by lenders who, in this way, manage to avoid extra losses.
- Cross border payments
This altcoin is easily transferred to and from any area in the world in a matter of a few minutes.
So, Tether was created to help investors stay away from the enormous volatility of other coins and, at the same time, hold value in the cryptocurrency market. The coin also bridges the gap between fiat and crypto currency. Its key features include:
- Price stability
- Minimal transaction fees
- Owning USDT means no unneeded transaction costs
- No delays or trade operation impairments
- Quick and cheap transfers
Thus, Tether is a good choice for investment if you desire to avoid unexpected price drops and have painless transactions on the blockchain.
Still, Tether can’t be redeemed or exchanged for fiat money. Exchange can take place only between crypto and crypto.
Where Can I Swap Tether (USDT) for Tron (TRX)?
Exchanging Tether for other coins is a fussy but very often profitable business. To select a trustworthy platform for this, try to look at three factors: security, exchange rates, ease of use, and UI.
One of the platforms that correspond to these requirements is LetsExchange.io — a reputable exchange service, where you can instantly convert USDT to TRX or choose another trading pair out of thousands. LetsExchange.io provides the following benefits:
- High user security (due to the usage of SSL certificate and DDoS protection)
- The opportunity to trade anonymously without the exposure of private data
- Tracking target coin’s live prices and market conditions
- Getting receipts with all transaction details
- Being able to choose the best exchange rates with the unique SmartRate technology to amplify your trading profits
Here you are also welcome to perform trades without registration.
What Is KICK Token, and Is It a Good Buy?
Kick coin (KICK) is one of the fresh utility tokens based on Ethereum and working in accordance with ERC-20 standards. The token is mostly used for establishing mutual settlements in the native KickIco network. This instrument is a safe, decentralized, and cheap platform often used for fundraising campaign organization.
At the time of writing, March 23, one KICK is worth $0,0239 and, based on the Cointobuy.io analysis, KICK’s value is steadily moving to $0,04482, and the anticipated return percent is already making +144%.
With the rising number of citations on social media, we can also expect that the interest for the coin will only go up. Check out LetsExchange for KICK token exchange or price calculation at any moment and select the most convenient rates for your crypto KICK purchase.