Stablecoins or stable cryptocurrencies came to change the way we mobilize and protect our money from the volatility of other cryptocurrencies. That is precisely one of the functions of USDT, a cryptocurrency that is always worth one dollar and that we invite you to learn about. You've probably heard the name USDT on cryptocurrency listings and wondered what is USDT? Well, USDT is a stablecoin or stable cryptocurrency created by the Tether company.
A stablecoin is a cryptocurrency that maintains a fixed value with respect to a high-value fiat currency, a crypto asset or some commodity. And no matter what fiat currency or value has been chosen, a stablecoin will maintain the 1:1 relationship with it. That is the main difference between stablecoins and the rest of the cryptocurrencies whose volatility is part of their nature.
In the case of USDT, it has been created with a 1:1 parity with respect to the dollar. This means that 1 USDT will always have a value equal to or very close to 1 $USD. In addition, the name USDT comes from joining USD (financial symbol for the dollar) with T (from Theter). However, the implications of creating a stablecoin are many and Tether has created a broad ecosystem around it. This has allowed them to not only evolve as a company, but at the same time demonstrate the transformative potential of USDT. #Tether #USDT
