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Tether, the stablecoin that does not stop growing

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The world of cryptocurrencies stands out for its high volatility, which is why the most conservative investors shy away from this type of investment. This is where Stablecoins are born, with Tether being the most recognized.

Analyzing its value doesn’t really make much sense, as it always tends to $ 1, due to the automatic rebalancing of the USDT. The interesting thing is to see how its market capitalization has evolved so far in 2020.

At the time of writing, Tether is ranked fourth in the cryptocurrency rankings, according to public information from CoinMarketCap.

Tether grows by leaps and bounds

While Tether’s price is trading around $ 1 all the time, that doesn’t stop new USDTs from being minted, thanks to high demand from investors, who are looking to stay on the sidelines of cryptocurrency volatility.

Tether began the year with a market capitalization of just over $ 4 billion, with over $ 10 billion at the time of writing, clearly speaking of the need for this type of safe asset.

As of today, Tether has an incidence of 2.66% in the cryptocurrency market.

A few days ago on the official Twitter account, Tether announced the strong increase in USDT, emphasizing its stability and liquidity.

Why invest in Tether (USDT)?

One of the most frequently asked questions is why invest in a cryptocurrency whose value always tends to $ 1. There are several points that I could list, but these are the 3 that I consider most relevant.

  1. Escape the volatility of traditional cryptocurrencies.
  2. Being dollarized with a very low risk.
  3. Possibility to change Tether to Bitcoin in a few seconds.

The list could go on, since there are many advantages of being sheltered in Tether. In point 3 I referred to the possibility of changing from Tether to Bitcoin, but it can be any cryptocurrency.

If you have Tether in your portfolio with the aim of exchanging them for another cryptocurrency, when an opportunity arises, I recommend that you use Binance, since its liquidity is very high, and you have hundreds of crypto to trade. On the contrary, if you want to save your USDT, you can do it in the official wallet of the Tether page.





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