Tether (USDT) is a blockchain-based cryptocurrency whose tokens in circulation are backed by an equivalent amount of U.S. dollars. This makes it a “stablecoin” with a price pegged to USD $1.00. Tether gives customers the ability to transact with traditional currencies across the blockchain, without the inherent volatility and complexity typically associated with a digital currency.
Market cap$0 0.00%
Circulating supply0 USDT
Tether’s mission is to bring about a world where “whatever you can do with digital currencies, you can now do with digital cash”. They’re doing this by combining the best of both worlds so users get the joint benefits of open blockchain technology and traditional currency.
Traders use USDT to hedge against crypto market volatility and to deploy capital in yield-generating DeFi protocols to earn additional income on their crypto holdings.
Investors and businesses without US dollar bank accounts use USDT wallets as a way to hold US dollars and perform international trade in digitised dollars.
Using fiat currencies to trade crypto isn’t efficient because it can take days to process funds through traditional banking methods and requires higher fees. Instead, many traders convert the cash you need for trading to USDT, and then use it to trade as many assets as you want with the stablecoin as your base currency. Most crypto traders sell their crypto positions for USDT rather than cash, so they can easily enter other trades.
There are numerous platforms that provide crypto loan services, allowing you to lend or borrow cryptocurrencies with an interest rate. Tether USD is often used for this purpose since the lender doesn’t have to worry about the volatile risk of the lending asset, mitigating the risk of potential losses stemming from a drop in asset value.
Visit Travala.com and search for a hotel, home, flight, or other travel product by entering your destination and dates.
Select your desired choice from the available options.
Enter the required traveller details.
Select Crypto as your payment method, then select USDT.
Click Complete Reservation. In your USDT wallet, input the generated address by scanning the provided QR code or by copying the text. Ensure that the exact USDT amount is entered and send the payment.
Click Payment sent. Your transaction will be processed and you will receive a confirmation email once your voucher or e-ticket is available.
Store your USDT securely with the following wallets:
Tether supports US Dollars (USD), Euros (EUR), and the Chinese yuan (CNH). On the tether platform, these currencies are denoted by a ₮: USD₮, EUR₮, CNH₮.