Tether (USDT)

USDT (Tether) is a fiat-backed stablecoin. Its purpose is to provide a low-fee, price-stable bridge between fiat currency and cryptocurrency. While other cryptocurrencies derive value from platform utility, stablecoins are valuable because they’re pegged to external reserves. This allows them to maintain more stable prices in a volatile crypto market.

For example, while Bitcoin or Ethereum may experience daily price fluctuations, Tether preserves a 1:1 USD ratio. USDT launched in 2014 and currently has the largest 24h trading volume in the crypto industry.

What is USDT used for?

Since USDT is a price-stable asset, it’s a reliable way to move funds around without losing value. For example, traders can park their profits in USDT instead of withdrawing into fiat. In addition, smaller cryptocurrencies can usually be traded for Tether even if they don’t support any fiat trading pairs.

How do I buy USDT?

It’s easy to buy Tether in Australia by joining a trusted trading platform like Coinstash. Simply create your account and verify your personal details. Then, deposit some funds and purchase USDT. It’s as simple as that!

Why should I trade Tether with Coinstash?

Coinstash AU is one of the highest-rated crypto platforms in Australia. Since 2017, we’ve been a one-stop crypto solution for thousands of customers.

People love our great customer support, easy-to-use interface, industry-leading security, and other innovative features. We’re also an AUSTRAC registered exchange and have an AFSL license so that you can trade with confidence.

Ready to start trading Tether (USDT)? Create your Coinstash account in minutes!