USDT is a stablecoin that is fixed to USD, different from cryptocurrencies such as Bitcoin, Ethereum, Litecoin.
Accordingly, USDT will always proceed integrated with the US Dollar. (1 USDT = 1 USD) In this article, we will talk about the ways to buy USDT. If you want to get more detailed information about Tether, you can browse our articles “Buy Tether”, “What is Tether” and visit our blog.
What is USDT?
USDT is not a dollar currency, as it can be confused in some cases. It is used as a coin in exchanges. Briefly, USDT is a cryptocurrency that aims to keep its value fixed to 1 USD. It is always in the $1 band since it has not experienced any increase or decrease.
However, sometimes the value of 1 USDT can go below $1 for a short while due to conversion traffic. Usually preferred by users who want to convert their money into cryptocurrencies, Tether is one of the most popular cryptocurrencies.
How Tether Works
Tether was built on the Bitcoin Blockchain via Omni protocol to prevent encryption systems from being issued or withdrawn. In addition to Bitcoin Blockchain, ERC20 was created as a smart contract in the Ethereum network. If you want to have detailed information about ERC20, you can browse the related content at our blog page.
In addition, wallets that allow operation in the Omni protocol should be preferred to perform transactions over the Omni protocol. If you want to synchronize the entire Omni blockchain, you can trade with the Omni Wallet on your computer.
You can visit Cointral branches to purchase the stablecoin USDT with the help of our expert staff. You can start trading on crypto exchanges by converting your fiat currencies into cryptocurrencies.
You can also easily purchase Tether on Cointral with credit card at https://online.cointral.com. In addition to Tether, you can buy Bitcoin, Ethereum, Ripple, Dash, Litecoin, BNB Coin, Monero, Dogecoin, Qtum, EOS, NEO and more than 1200 cryptocurrencies with Cointral.