The purpose of USDT

onusplatform

New member
While reading about USDT, I have just discovered the purpose of USDT. There are two main objectives of this coin. First of all, it helps narrow down the gap between fiat money and digitalized money. And how exactly does USDT do this? The answer is pretty simple, the value of USDT is the same as the US dollar so the investors don't have to be worried about making an impact on the market when they shift their money flow from cash to USDT. The second goal of USDT is to help resist the fluctuation of the crypto market as this is so unsteady that the cap price might glow up to a thousand times as usual. With the establishment of USDT - a stablecoin, the market will reduce the fluctuations itself and therefore help the investors be assured while sinking their precious money into the crypto market.
 

ImamShaheb

Valued Contributor
Stablecoins like Pyusd or USDC are here to reduce the market dominance of USDT. Which is actually good from another PoV... IMG_20240219_162535.jpg
 
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