Get to Know USDT, a Stable Asset in Crypto!

US Dollar Tether or commonly referred to as USDT is a new type of cryptocurrency attached to a stablecoin and its value refers to the US dollar. 

USDT now popular in crypto world, after Bitcoin and Ethereum. Seeing its popularity, some traders use this coin as a currency exchange tool, not just as an investment tool. This currency is often compared to USD, and some are confused about the difference between the two. 

Get to Know USDT Closer

The US Dollar Tether or USDT is a new type of cryptocurrency attached to a stablecoin and its value is referred to as the US dollar. USDT is now popular in the crypto world, after Bitcoin and Ethereum. 

Seeing its popularity, some traders use it as a currency exchange tool, not just as an investment tool. This currency is often compared to USD, and some are confused about the difference between the two. 

In particular, cryptocurrency it is a category of stablecoins backed by traditional currencies. For your information, other types of stablecoins are either crypto-backed (using the security of the cryptocurrency as collateral) or unsecured coins (unsecured, but working into a reserve bank to maintain a certain supply of tokens, depending on the economic situation).

USDT is the number of success to build a center between traditional amounts in cryptocurrencies, using wisdom and business and business. 

Added value is based on US dollars, where 1 USDT is 1 USD. However, no warranty is given by Tether Ltd. for the right to redeem or exchange Tether for real money, i.e. Tether cannot be exchanged for US dollars. The difference between USDT and USD.

The main difference between USD and USDT is in the principles and policies involved. The USD is directly hedged by the Federal Reserve in the United States. Currently, USDT is a type of cryptocurrency developed by the company Tether Limited.

In 2017, in September to be precise, Tether said that US dollar fiat currency backed the Tether token. However, the government has yet to issue a certificate, so it cannot prove that this crypto is a true dollar-backed currency.

Also read: How to Get Profit in Game Space Crypto

How to Buy USDT 

Like buying coins in general, you can use a trusted dealer or application. However, what you have to remember is to make sure the security of the application is protected. 

An example is Indodax which is an official application and registered at BAPPEBTI. You can easily make cryptocurrency transactions in rupiah or other currencies.

Also read: Crypto Airdrop: Understanding and How it Works

As additional info, VCG Tokens is one of the tokens that are on the BSC and ETH 20 network. This token has VCGamers which you can buy at Indodax.

Get it updating VCG Tokens the latest only on VCNews!