usdtWhat currency is it ？Why investors need to invest usdt？

usdtWhat currency is it

usdtWhat currency is it ？It is the representative currency of stablecoins 。Currencies born to solve the problem of connection between fiat currency and virtual currency 。usdtIt is a kind of foreign exchange reserve account ，Currencies supported by fiat currency ，This method can effectively prevent cryptocurrencies from fluctuating significantly in price ，Each Tether will symbolically be associated with a government-supported fiat currency 。Let's introduce it in detail in this article usdt，Tell me why investors should invest in this currency 。 one 、What is usdt？

usdtAlso known as teda ，It's the United States TetherCryptocurrency invented by the company 。UsdtDirectly anchor the US dollar ，Keep 1:1 The redemption ratio 。1USDT=1Dollar ，Users can use it at any time USDTand USDconduct 1:1exchange 。Its website claims strict compliance 1：1Reserve guarantee ，That is, every release 1博 USDTTokens ，The bank account will have 1US dollar funding guarantee 。usdtAs the most widely used stablecoin ，Its prices generally fluctuate around the US dollar ，Similar to foreign exchange rate fluctuations 。usdtCan be exchanged with fiat currency ，Features of stability and security ，Recognized by people ，More and more users in the market choose to use it usdtCome as a stable currency 。 Deadline 2024Until the year ，usdtThere are three chain types available for investors to choose from 。They are ERC20、TRC20and Omni。The original USDTUsed Omni（Original Mastercoin）protocol ，It is a Bitcoin blockchain based 2.0Currency 。USDTThe transaction confirmation and other parameters are consistent with Bitcoin 。Later, Ethereum-based ERC20Protocol and trough-based TRC20The agreement USDT。Three types of USDTThere is no difference within the exchange ，But it is incompatible with each other on the chain 、Can't transfer money to each other 。That is to say OMNIOn USDTIt cannot be transferred to the other two chains ，Similarly, the other two categories are the same 。Therefore, the exchange is charged during the transaction USDTWhen you have to link the chain 。 two 、usdtTypes of 1、USDT-OMNI

USDT-OMNIBased on Bitcoin network USDT，It was born from 2014Year ，The coin recharge address is BTCaddress ，All withdrawals are done through BTCnetwork 。Because the transfer needs to be passed BTCnetwork ，Therefore, each transfer requires a small amount of Bitcoin as miner's fee 。OMNI-USDTOn-chain based on Bitcoin network ，The cost of hacking is very high ，Therefore, the assets are relatively safer 。But the disadvantage is that its trading speed is very slow ，No longer able to meet the needs of today's crypto trading market ，But many bulk transactions still tend to OMNI-USDT。

2、USDT-ERC20

USDT-ERC20It is based on the Ethereum network USDT，exist 2018Early in the year ，Ethereum network begins to become popular ，Based on Ethereum network USDTBorn by application 。USDT-ERC20Need to pay GAS(That is ETH)As a transfer fee 。and USDT-OMNIcompared to ，USDT-ERC20The transfer speed has been significantly improved 。Due to good safety 、Features such as fast transfer speed ，USDT-ERC20Begins to be widely accepted by the market 。

3、USDT-TRC20

USDT-TRC20It is based on tron ​​network USDT。2019Year 4moon，TEDA announced the release of TRON based TRC-20The agreement USDT，thus TRC20-USDTBirth 。TRC20-USDTPromise to be fully open and transparent at the time of release ，Zero transfer fee ，Accounting in seconds 。The difference from the first two is ，at present TRC20-USDTThere is no handling fee for transferring money ，This is also a highlight of Tron's creation 。 three 、usdtAdvantages 1、stability

usdtTether is the earliest stablecoin to anchor the US dollar ，It is also the stablecoin with the largest market share in the currency circle ，It is also a stablecoin that has been ranked among the top ten market value for many years 。Relatively stable price ，Volatility is generally not large ，It is of the same value as the same amount of USD ，1USDT=1Dollar 。Make it a good value-preserving token in the ever-changing cryptocurrency market 。

2、Convenience

usdtThe transaction is very convenient 。Because it is tied to the dollar ，Investors can easily exchange it with other digital currencies ，Achieve fast trading 。also ，usdtGood liquidity on major trading platforms ，Great transaction depth ，Investors can find the right counterparty more easily ，Complete the transaction operation 。

3、Transparency

As mentioned above ，TetherDeclare strict compliance 1：1Reserve guarantee ，That is, every release 1博 USDTTokens ，The bank account will have 1US dollar funding guarantee 。About foreign exchange reserves ，It will be published on the platform website every day ，They can withstand professional audits ，All currencies in circulation always match reserves 。4、Security

TetherTechnical aspects ，Using a Bitcoin blockchain network that has been tested and protected ，Safe, fast and stable ，Callback in seconds 。Comply with compliance KYCand AMLGuidelines ，Safety guaranteed ，Basically, there is no need to worry about the stolen coins 。 5、Extensive

usdtThe application scenarios are very wide 。It can not only serve as a medium for digital currency transactions ，Can also be used for payment 、Cross-border remittance 、Financing and other scenarios 。With the continuous development of the digital currency market ，usdtThe application scenarios will be further expanded ，Provide more options and opportunities for investors 。

Four 、summary

Through the introduction of this article ，I believe everyone is right usdtHave a certain understanding ，usdtIt acts as a bridge between fiat currency and digital currency ，It is also suitable for stable transfer scenarios 。Due to its equivalent value to USD ，usdtPlay an important role in digital currency exchange 。But it should be noted that ，usdtNot completely without risks ，It has certain centralized risks ，Be rational when investing 。