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One of the big revolutions brought (again) by the Ethereum Blockchain, through DeFi, is the introduction of stablecoins.

A stablecoin is a crypto-currency deployed on a blockchain, and is (usually) backed by a real asset (or a basket of assets). It therefore provides a direct link between fiat currencies and crypto-currencies.

The 1st interest of stablecoin is that it guarantees a fixed exchange rate against the asset it is backed by. If we take the example of Tether (USDT), the stablecoin backed by the US dollar ($73 billion market cap), we have the following relationship 1 USDT = $1.

We can see that by using stablecoin, we can benefit from the advantages offered by blockchains, such as fast and secure trading, 24/7 accessibility, lower transaction fees, and more, while at the same time eliminating (in principle) the phenomenon that scares most people in crypto-currencies: volatility.

Stablecoin is a great way to take your first step and get your bearings in the world of crypto-currencies. You can take it and benefit from all the advantages offered by DeFi (staking, farming, etc., we'll cover these topics in a future article.)

Note that stablecoins can be backed by any real asset, not necessarily a fiat currency! Some of them already allow you to trade stocks like Amazon or Facebook on advanced blockchains!

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Tether(CRYPTO:USDT) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Tether is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Tether(CRYPTO:USDT) Frequently Asked Questions

What is Tether?

Tether is a Cryptocurrency.

Is Tether a buy or a sell?

In the last year, there was no coverage of Tether published on Stockchase.

Is Tether a good investment or a top pick?

Tether was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Tether.

Why is Tether stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Tether worth watching?

0 stock analysts on Stockchase covered Tether In the last year. It is a trending stock that is worth watching.

What is Tether stock price?

On 2024-05-30, Tether (CRYPTO:USDT) stock closed at a price of $0.998966097403768.