The USDT stablecoin: is it worth buying in 2022?

During its existence, the cryptocurrency has experienced many ups and downs. Now it’s gaining more and more popularity among people who’re sure that cryptocurrency should be actively invested in. The cost of the coins is gradually increasing, so investing in this sector is profitable. Stablecoin is a young cryptocurrency, characterized by reliability and the absence of price fluctuations. United States Dollar Tether (USDT) is the first stable crypto asset with a fixed price pegged to the US dollar. It was created in 2014 based on the Bitcoin blockchain and was considered to be the most reliable alternative to Bitcoin.

You can buy this cryptocurrency on the official platform, but this procedure requires detailed verification of an individual or legal entity, including documents and the user’s residential address. Use crypto exchange to buy usdt with credit card without verification.

Characteristics of the USDT cryptocurrency

The coin has the following features:

  • stability based on the provision of fiat currency, — this way you can take full advantage of digital transactions and not be afraid of volatility;
  • transparency of the platform, — information about the volume of reserves appears on the website every day, so that you can be sure of your funds safety;
  • convergence of crypto- and fiat- currencies, — on the platform, you can easily exchange Tether for a dollar and visa versa.

After the successful launch of the first stablecoin, the company released other cryptocurrencies: EURT, Eurocoin (euro), CNHT (Chinese yuan) and XAUT (gold). These stablecoins aren’t in great demand among users.

How to buy it?

Buying this stablecoin includes a few simple steps:

  1. Select Tether on the main wallet screen. From the three possible options (“receive”, “buy” and «send»), click the “buy” button.
  2. Choose the currency you want to buy USDT for: UAH, RUB, dollar or other fiat currency.
  3. Specify the desired amount. The system will automatically calculate how much USDT you will receive or how many fiat funds you need to pay.
  4. Click “Next” > “Add Card”. Write all the needed information about your card.
  5. Carefully check the correctness of the entered data, the amount you will receive, the rate and commission. Click the “Confirm” button, and then confirm the transaction in the bank’s application.

It is profitable to buy stablecoins now. Experts consider Tether to be reliable. They also think it will develop rapidly. Forecasts say that USDT will take the second place in the crypto market in the near future.