Tether conquers new heights. Why should you find out about this coin?
The crypto industry seems to have finally survived the times of crisis and is heading up. Both Bitcoin and altcoins are growing. Including the famous Tether coin (USDT). The asset has gained more than 45% of its own capitalization since the beginning of April, and growth is not limited to this. The coin is actively developing and has almost caught up with the XRP token from the Ripple platform. Of course, such productive growth cannot occur on its own. USDT is a truly worthy asset that deserves more attention. Today we will tell you about this currency and recall why this is a great solution for a variety of tasks.
To make sure that Tether is one of the best altcoins to date, just look at the numbers. Let’s return to the indicators for April 1 of this year. The asset has a capitalization of $ 4.92 billion. The price for one coin is less than one American dollar. But a month later, the coin reached a maximum of $ 1, and the crypto’s capitalization is more than $ 7 billion. These are wonderful indicators, which you can verify by examining the graphs on the CoinGecko website yourself, from where we got this information. The Tether team understands that in the wake of success, new coins should be issued, replenishing the offer of digital assets. That is why another 2-3 million tokens are launched every 2-3 days. And this is only the beginning, the coin will grow, conquering new lines of ratings. In the list of the best cryptocurrencies, USDT is now in 4th place. Experts believe that the coin will be able to surpass XRP.
Why is Tether a great currency?
In fact, this is not cryptocurrency in the usual sense. If coins like Bitcoin or Ethereum change in value due to their own volatility and fluctuations in user interest, then Tether works differently. This crypto is tied to the American dollar (hence the stock ticker USDT). That is why a value of one USDT will never exceed the US dollar. This is done for ease of calculation. Also, this system guarantees the stability of the course and good growth. Roughly speaking, if the dollar falls (which rarely happens), then Tether falls. In case of growth of the American currency, USDT will also rise in price. Everything is simple and clear.
The issue of coins is regulated according to a strict scheme. The best economists of the company have calculated the algorithm so that the new units hit the market on time. The emission is unlimited, which allows currency developers to work calmly with crypto. Regarding the security of the Blockchain, you can not worry. Confidentiality and safety of funds from third parties is guaranteed by reliable settlements. The system is protected from outside interference, which allows you to comfortably interact with the crypt. Coins are already accepted as payment in many online stores. This suggests the ability to fully use the asset in everyday life.
What awaits USDT?
Many financiers and economists who study cryptocurrencies believe that there are no future assets. In their opinion, after 20, 15 or even 10 years, people will increasingly use stablecoins, which include USDT. A reliable rate tied to world financial currencies and contains all the advantages of Blockchain. That is why, with a greater degree of probability, it is Tether that will become the foundation for the transformation of the global economy. This is a good reason to look at the currency today, because the sooner you get a few coins, the better it will be for you.
We wish you good luck and remind you that you can follow all the news of the crypto industry with us. Explore Blockchain, find out the latest information about popular projects and events on our website. We publish only high-quality and interesting material. Thank you for the attention!