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RE: Why is always more profitable to trade alts vs BTC, not vs USD
Could you guys tell me what does USDT stand for? (especially the final "T")
Could you guys tell me what does USDT stand for? (especially the final "T")
US Dollar Tether. Tether is 1 to 1 with USD and since it is an Alt coin you do not have to pay capital gains yet since technically you did not trade an asset into US currency. I would consult your tax attorney of course but that is how I have come to understand it.
Usd is our fiat currency known as the dollar. Usdt is the 1=1 currency known as Tether. It is a pegged currency that keeps the value of itself equal to the value of the American dollar.