It is not easy for investors to hold cryptocurrencies because many of them are incredibly volatile. According to critics, the volatility of prices makes them of little use in everyday life.
This is the reason why Tether USDT exists. This coin is designed so that people can enjoy the benefits of the crypto industry without being affected by unpredictable prices and volatility.
In addition, users and investors can use Tether to buy goods and services around the world. International online stores accept Tether as a valid payment method.
This article covers everything you need to know about Tether for buying services and goods, and answers some basic questions.
What is Tether?
Tether is tied to a fiat currency, which is the U.S. dollar. Because of this, Tether is called a stable coin. This type of coin differs from standard cryptocurrencies such as Bitcoin and Etherium, whose prices fluctuate significantly and whose value is constantly affected by political and economic events.
Such a digital asset is designed to be literally tied to the value of the fiat currency it represents. In other words, each Tether token must be worth one dollar at all times – hence the stability.
Currently, there are four Tether currencies: USDT (pegged to the US dollar), EURT (pegged to the euro), CHNT (pegged to the Chinese yuan), and XAUT (pegged to the gold).
So if you have 100 USDT, you can buy $100 worth of goods or services. We can’t say the same about Bitcoin and most other cryptocurrencies.
History of Tether
The history of Tether begins with the Realcoin project. Realcoin entered the market with a white paper in July 2014. This document caused a huge stir among the community for several reasons. In addition to the revolutionary technical aspects, the authors of the document are some of the most respected people in the cryptocurrency community. Specifically, Brock Pierce, Reeve Collins and Craig Sellars.
Interestingly, the Realcoin name didn’t last very long. In November 2014, the Santa Monica-based startup renamed the project Tether.
Why pay with Tether?
Tether is currently the best way to store digital money with all the benefits of blockchain technology. This global, semi-decentralized cryptocurrency provides fast and secure transactions with zero volatility.
Tether has extensive integration with various exchanges and service providers. Tether is equally accessible to traders, blockchain companies and cryptocurrency enthusiasts. USDT also makes it easy for merchants to accept crypto payments.
Secure wallets and confirmation protocols make your transactions secure. It’s also worth mentioning that using Tether instead of fiat money helps you save significantly on transactions.
By the way, you can store dollars, euros, and yuan in Tether. More importantly, you can spend Tether on your favorite goods and services and enjoy low fees.
The best payment gateway for Tether
If you are a merchant and want to create a place where you can easily accept Tether payments, you need to keep the following name in mind. Also, the next time you see this name on any website, there’s a good chance that this site accepts USDT :
B2BinPay is the best crypto payment processor that allows companies around the world to send, receive, store, exchange, and accept crypto payments with high security.
The company strives to make crypto payments for business simple, secure and fast using innovative technologies developed in-house. Their main goal is to provide customers with access to the most advanced and transparent crypto payment services on the market.
B2BinPay accepts Tether based on Bitcoin (OMNI) and Ethereum (ERC-20) networks.
Tether is hugely popular, and it’s easy to buy on any cryptocurrency exchange. So if you want to get into cryptocurrencies, USDT can be a good start.