What does BTC USDT mean?

Ether (ETH), the cryptocurrency of the Ethereum network, is the second most popular digital token after bitcoin (BTC) . As the second-largest cryptocurrency by market capitalization (market cap), comparisons between Ether and bitcoin are only natural.

Tether (USDT) offers a way for investors to avoid the extreme volatility of other cryptocurrencies . By moving value to USDT, a trader might reduce their risk of exposure to a sudden drop in the price of cryptocurrencies. It is also much quicker and cheaper to transfer BTC into Tether rather than the U.S. dollar.

Like bitcoin, tether is a cryptocurrency. In fact, it’s the world’s third-biggest digital coin by market value. But it’s very different from bitcoin and other virtual currencies. Tether is what’s known as a stablecoin.

Tether,USDT is a cryptocurrency asset issued on the Bitcoin blockchain via the Omni Layer Protocol . Each USDT unit is backed by a U.S Dollar held in the reserves of the Tether Limited and can be redeemed through the Tether Platform.

Tether (USDT) is an Ethereum token that is pegged to the value of a U.S. dollar (also known as a stablecoin).