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Cryptocurrencies such as Tether (USDT) maintain the price of its coin to be the same as a US dollar so that the price is more stable and could be used more easily by users. The purposes of stablecoins are to provide crypto that could maintain a level of stability while sustaining the advantages of blockchain technology.
*The content hereby presented is for informational purposes only. Nothing of this content that is available to you shall be considered as financial, legal or tax advice. Please, keep in mind that trading cryptocurrencies pose a considerable risk of loss.
Cryptocurrencies such as Tether (USDT) maintain the price of its coin to be the same as a US dollar so that the price is more stable and could be used more easily by users. The purposes of stablecoins are to provide crypto that could maintain a level of stability while sustaining the advantages of blockchain technology.
*The content hereby presented is for informational purposes only. Nothing of this content that is available to you shall be considered as financial, legal or tax advice. Please, keep in mind that trading cryptocurrencies pose a considerable risk of loss.
