Is it safe to buy USDT?

While USDT is used more frequently for trading and payments, USDC is often described as a safer stablecoin since Centre makes a greater effort to comply with audits and governmental regulation, and has more transparent, fully-backed reserves.

Tether (USDT) is a stablecoin, a type of cryptocurrency which aims to keep cryptocurrency valuations stable . Tether is used by crypto investors who want to avoid the extreme volatility of other cryptocurrencies while keeping value within the crypto market.

What Makes BUSD and USDT Similar? Both BUSD and USDT are pegged to the US dollar at a 1:1 ratio so there’s no need to worry about volatility. The minting process for these two currencies is the same.

Once you buy USDT, you’ll need somewhere to safely store your cryptocurrency. Kraken is secure, but it’s always safest to store your USDT in a wallet , a software or hardware device that stores the public and private keys required to make crypto transactions. There are many types of USDT wallets available.