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Tether (USDT): Meaning and Uses for Tethering Crypto – Investopedia
Tether is primarily used as a way for cryptocurrency traders and investors to move funds quickly between different exchanges or to hedge against market volatility. As a stablecoin, Tether provides a safe haven during times of market uncertainty, allowing users to preserve the value of their assets without having to convert them back to fiat currency.
In addition to trading purposes, Tether can also be used for everyday transactions, such as paying for goods and services online or transferring money to friends and family. Some businesses also use Tether as a way to store and transfer value without the risks associated with traditional banking systems.
Overall, Tether serves as a convenient and efficient tool for tethering crypto assets to the stability of fiat currency, providing users with a reliable means of preserving the value of their digital assets.
