Cryptocurrency Q&A
Why do people keep USDT?
Why do people keep USDT?
SapphireRider
Thu Mar 28 2024
|
7 answers
1586
I'm curious about one thing. Given the volatility and riskiness associated with cryptocurrencies, why do so many people choose to hold USDT, a stablecoin pegged to the US dollar? Isn't the purpose of investing in cryptocurrencies to seek higher returns and growth potential, rather than settling for a stable, risk-free asset? Or is there something else that attracts investors to USDT? Could you please elaborate on this matter?
7 answers
SamuraiCourageous
Sat Mar 30 2024
The pegging of USDT to the U.S. dollar allows investors to enjoy the benefits of the cryptocurrency market without exposure to the risks associated with significant price fluctuations.
Was this helpful?
89
67
EthereumElite
Sat Mar 30 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services to cater to the needs of investors interested in USDT and other cryptocurrencies.
Was this helpful?
343
30
DigitalLegendGuard
Sat Mar 30 2024
USDT, a stablecoin, is a type of cryptocurrency that maintains a fixed value relative to a fiat currency, specifically the U.S. dollar.
Was this helpful?
298
36
Leonardo
Sat Mar 30 2024
Investors interested in cryptocurrency often opt for USDT as it offers stability amidst the volatile nature of many other cryptocurrencies.
Was this helpful?
392
44
BlockchainBaron
Sat Mar 30 2024
BTCC provides a secure and user-friendly platform for buying, selling, and trading cryptocurrencies, including USDT, enabling investors to easily access the market and execute transactions.
Was this helpful?
43
87
Load 5 more related questions
