USDT: Stablecoins Explained

in #stablecoins7 years ago


In this video, I discuss the topic of USDT (Tether) and Stablecoins. I speak on why they are so important and why they are a necessity to the cryptocurrency space.

Stablecoins, in my opinion, are one of the thousands of topics in crypto that are always changing and always evolving. And you want to make sure that you’re aware of how stablecoins play a part in crypto and what they’re going to be doing in the future.

USDT (Tether) is one of the more popular, well known stablecoins on the market right now. It’s pegged to the US dollar, (dollar for dollar). It’s suppose to move and mirror the volatility of the US dollar, even though it’s a cryptocurrency.

A few things you’ll learn in this video:

1 - What a Stablecoin is.
2 - What a Stablecoin does and the purpose of them.
3 - How USDT (Tether) works and the significance of it in crypto.

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DISCLAIMER:
CRYPTO CURRENCY INVOLVES SUBSTANTIAL RISK OF LOSS AND IS NOT SUITABLE FOR ALL INVESTORS, PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.


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