Is USDT a stablecoin?

USDT is one of the most widely adopted stablecoins, which are blockchain-based currencies that are tied - or tethered - to fiat currencies. Tether’s mission is to offer a safer digital asset that isn’t affected by market volatility in the same way that Bitcoin is.

What is the circulating supply of USDT (USDT)?

The circulating supply of USDT is currently at 24,747,346,122 USDT billion according to coinmarketcap data, whereas; the audited report doesn’t show the availability of the circulating amount in the company fiat bank account.

Is USDT a good investment?

USDT is pegged to the U.S. dollar, and in theory it should be unaffected by the market volatility that can so dramatically impact the valuation of other cryptocurrencies, such as Bitcoin. Get $30 in your verified trading account on your first deposit. Trade CFDs in crypto, forex, stocks, metals, commodities & more!

Why is USDT a tether currency?

USDT and other Tether currencies were created to facilitate the transfer of national currencies, to provide users with a stable alternative to Bitcoin and to provide an alternative for exchange and wallet audits which are currently unreliable. USDT provides an alternative to Proof of Solvency methods by introducing a Proof of Reserves Process.