Recently, stablecoins have begun to earn popularity — it`s a type of cryptocurrency, the rate of which is equal to the fiat currency. A striking example is Tether (or USDT), whose exchange rate is equal to the US dollar. In the review, we will try to figure out how you can buy these coins as well as what to do with them later.

Reasons To Buy USDT

In addition to being one of the first stable coins, Tether is also a cryptocurrency asset issued on the basis of the Bitcoin blockchain through the Omni Layer, Ethereum, TRON, EOS, Algorand, Solana, and OMG Network protocols. Each USDT unit is backed by a US dollar held by Tether Limited. This way, the desire to buy USDT with Mastercard or Visa can be associated with:

• creating a short-term or long-term trading strategy;
• using a stable coin as the main means of saving your capital;
• using a stable coin to pay for goods and services online;
• for transfer to friends, relatives in other countries.

Now a lot of virtual sellers accept payments in dollars, so having a stable coin, the exchange rate of which corresponds to $, is quite convenient.

Purchasing USDT

Among traders, the Tether cryptocurrency is considered one of the favorite ones. Due to this, the volume of daily trading using this crypt reaches $1.5 billion. Most transactions with this coin take place on cryptocurrency exchanges, including Jidex. Clients need to:

1. Create an account and fill it with the required information (name, mail, place of residence, etc.).
2. Pass verification using a photo of an identity document.
3. Go to the currency purchase section and buy Tether for fiat currency (the easiest way to do this is using MasterCard and Visa cards).

If something went wrong, you can always contact the support service and get help from a qualified specialist.

What to Do After Buying Tether?

After the fiat funds are exchanged for cryptocurrency, the client has several options for dealing with stable coins:

• store USDT to earn on exchange rate fluctuations;
• exchange USDT for other cryptocurrencies;
• earn money by placing USDT coins;
• send USDT payments around the world or spend cryptocurrency on personal needs.

Finally, through the use of a unique concept, the Tether cryptocurrency managed to gain momentum to form its market that combines fiat money with cryptocurrency assets. Therefore, the USDT cryptocurrency has all the necessary components for further popularization by providing users with the best platform for exchanging fiat money for the crypto.