Tether is a stable coin, whoes value is pegged to that of US dollar. 1 USD= 1USDT,The value of USDT can sometime fluctuate by a few decimal points due to demand but its price is never that far away from $1 mark. That's why when there is much fluctuation in the crypto currencies, Investors usually prefer to go for stable coins.
See below .
Why is Tether considered a stable coin?
I have reading around the forum that the crypto coin Tether is the most stable coin around the crypto market. I also read it in a few books about using crypto as alternative currency. Now if I'm looking at Tether, Tether (USDT) price, charts, market cap, and other metrics | CoinMarketCap and...
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