Zilbtc optional
TEDA coin (usdt) is a token launched by tether company, which is based on the stable value currency US dollar (USD). 1 usdt = 1 US dollar. Users can use usdt to exchange 1:1 with USD at any time
tether company strictly abides by the 1:1 reserve guarantee, that is, every usdt token issued, its bank account will have a capital guarantee of $1. Users can query funds on the tether platform to ensure transparency
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the functions of usdt are as follows:
1. Avoiding the overall risk of decline
in currency trading, there are three common situations, taking LTC / BTC trading as an example:
after buying LTC with BTC, BTC and LTC are both rising, and you enjoy two profits
after buying LTC with BTC, BTC and LTC will rise and fall one by one. Your income depends on the rise and fall of the two currencies, which is bigger. Only if the increase of any one is greater than the decrease of the other, can we make money. Anyway, it's a loss. If the fluctuation is equal, there will be no profit or loss
after buying LTC with BTC, both currencies are falling in extreme market, so you need to bear two losses. This is often the most frustrating
but with usdt, when the currency price falls, you can immediately change the currency into usdt, so as to ensure that your assets will not shrink
The reverse operation of digital currency withdrawal is very simple. Usdt company says that investors can transfer US dollars to the bank account of tether company through swift or exchange usdt through bitfinex exchangeif you make a lot of profits and want to withdraw cash, you can first convert your currency into usdt, and then convert it into US dollars through tether or other platforms. Here you can find that if you complete the authentication of usdt company, you can trade directly on other currency trading platforms that do not need authentication, and you do not need to authenticate other platforms again