Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

analyst75

Why is Tether (USDT) so popular?

Recommended Posts

Hello Traders:

 

Why is USDT so popular?

 

It is the most popular stablecoin and the largest-cap stablecoin in existence. 68,977,092,527 USDT is currently in circulation.

 

There are certain types of USDT, but the most popular and the most widely used is TRC20, followed by ERC20.

 

At least, 90% of online trading brokers now accept USDT for deposits and withdrawals, and the adoption rate is projected to increase further. So, you can use it to fund your trading account and trade for profits.

 

You can use it to pay people or receive payment.

 

You can use it as a bulwark against crazy fluctuations in the markets. If BTC or ETH or TRX crashes, USDT will not.

 

Having USDT is like having US Dollar because they have the same value and USDT is pegged to USD.

 

You can use it as a store of value.

 

You can convert it to any cryptocurrency offered by your exchange, and you can convert any available cryptocurrency to it. So, if you need any crypto, buy USDT and convert it to that crypto. If you want to withdraw any coins, covert them to USDT and sell for money!

 

You can trade it versus many other popular currencies, as pairs. You can use any trading styles you want.

 

You can also trade it versus other popular coins. We have ETHUSDT, BTCUSDT, TRXUSDT, BNBUSDT, ADAUSDT, DOGEUSDT, SOLUSDT, etc.

 

The uses for Tether – USDT – are so versatile that it is now more popular than Perfect Money, Neteller, Webmoney, Skrill and PayPal (who imposes obnoxious restrictions on people).

 

And this is just the beginning.

 

Therefore, open a crypto wallet and buy USDT today.

 

Profits from free accurate cryptos signals: https://www.predictmag.com/ 

 

 

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date : 2nd December 2022. Market Update – December 2 – USD holds at lows & Stocks at Highs Ahead of NFP. Trading Leveraged Products is risky The USD Index holds at lows not seen since August & June at 104.50 and significantly below the 200-day MA at 105.40. Weaker PCE inflation, lower JOLTS numbers, but tempered by a miss for Weekly Claims all added to pressure for yields too. 2/10 yr remains inverted by 71 bps. Stocks finished flat, Asian markets also flat except Nikkei (-1.59%) as JPY soars. All eyes on NFP; Consensus is a headline of 200k, less than 120k-150k and the USD could slip further, over 250-300k could lift the Greenback. EUR – broke over key psychological 1.0500 and holds at 5-mth highs at 1.0530 now. JPY – collapsed to under 135.00 today and trades at 134.60 from 139.85 on Wednesday, hitting Japanese stocks. GBP – Sterling rallied again to breach 1.2300, briefly and post 5-month highs. Trades at 1.2260 now. Stocks – Wall Street held on to Wednesday’s gains closing flat – US500 -3.54 (-0.09%) 4076, Big movers included losses for CRM -8.27%, COST -6.56%, Blackstone -7.06%. FUTS trades at 4076 now too.   USOil – Rallied again (4 consecutive days) to breach $83.00 before cooling to $81.25 now. OPEC meet over weekend and into Monday possibly Gold – Rallied to and broke the key $1800 and holds at $1802 now. BTC – Sentiment woes continue, but a weaker USD means it holds at 17k. Today – US & Canadian Jobs Reports, EZ Producer Prices, Speeches from ECB’s Lagarde & de Guindos, Fed’s Barkin & Evans.  Biggest FX Mover @ (07:30 GMT) NZDUSD (+0.52%) rallied again to test 0.6400 today from 0.6300 yesterday and lows on Monday at 0.6150. MAs aligning higher, MACD histogram & signal line positive but falling, RSI 69.00 & rising, H1 ATR 0.00127, Daily ATR 0.0083. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Stuart Cowell Head Market Analyst HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • $CPNG Coupang stock breakout watch above 20.3 , see https://stockconsultant.com/?CPNG
    • $VVNT Vivint Smart Home stock trending breakout watch , see https://stockconsultant.com/?VVNT
    • $SPPI Spectrum Pharmaceuticals stock bottom breakout watch , see https://stockconsultant.com/?SPPI
    • $ETNB 89bio stock attempting to move higher off the 7.99 double support area , see https://stockconsultant.com/?ETNB
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.