1. What is USDT?

2. Why hold USDT when the market is volatile?

3. Deposit USDT in Remitano

1/ What is USDT?

Tether USDT (USDT coin) is a 1:1 dollar-backed digital currency that was released in 2014 by Tether Operation Limited.

The ratio 1:1 means: each USDT will be worth 1 USD, which helps to increase liquidity and minimize the impact of price fluctuations on USDT in the crypto market (Crypto). Currently, USDT is the most popular stablecoin on the cryptocurrency market with a market capitalization of more than 60 billion USD.

2/ Why hold USDT when the market is volatile?

"All currencies are depreciating against the US dollar" - said Peter Escho, co-founder of Wealthi investment group, while popular currencies such as the British pound and the Euro continue to depreciate against USD, the value of USDT - a cryptocurrency pegged to the price of USD has been on an uptrend for the past 1 year.

Also, unlike algorithmic stablecoins, USDT achieves stability thanks to the unique collateral aspect - meaning that they are always backed by reserves (be it fiat, cryptocurrencies, or commodities.)

For the above reasons, USDT is considered as a safe haven amidst a selection of currencies whose value fluctuates constantly and inflation climbs.

See more: 3 steps to buy USDT from NGNR on Remitano in seconds

3/ USDT savings deposit at Remitano

Remitano launches "Crypto Lending" product that allows you to deposit USDT. You can:

• Deposit USDT and keep it profitable

• Deposit USDT as collateral to borrow other cryptocurrencies and fiat currencies

Either way, the deposited USDT will remain intact and be returned when you repay loan or withdraw from the product when there is no longer a need to deposit.

On top of that, the interest rate on USDT deposit in Remitano is very attractive compared to common methods that allow USD savings and is likely to increase when the demand for USDT loans is higher.

In the "downtrend" season of not only cryptocurrencies but also fiat currencies and traditional assets, reaching to USDT as a safe "storm shelter" is no longer a strange thing for long-term financial investors. Please look carefully for opportunities to not be left behind when the market goes down and get ready for a new uptrend season!