welcome everyone to my assignment number 6 from professor @yohan2on about stable currencies thanks to the Academy for allowing this wonderful course so favorable for everyone, this time I will talk about the stable currency Tether (USDT) a very stable currency that has a value very close to 1$ American.

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Tether as the main mechanism of currency stability

Tether (USDT) is a stable coin works with Ethereum and BTC network, it maintains its value which is guaranteed by some fiat asset in this case the US usd, this allows to maintain its relationship with respect to the function that was designed 1: 1 with respect to 1$ usd was founded in 2014 using the omni layer protocol (mastercoin) at the beginning it was not popular so in November of that year they called it tether (USDT) now well this stable coin can be easily traded without charging high interest on shipments and keep stable the other assets if the predictions are not favorable this stable coin can not be mined at all.

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how to use tether

it can be used on many exchanges at the moment I am using it on binanse which is very easy when I want to buy steem I buy USDT with fiat currency which I exchange immediately to BTC and then to steem it is my personal use I also use it to keep my interest safe from volatility

as you mention in your work many countries are currently going through a tremendous crisis among those Venezuela I in particular and all Venezuelans have to buy USDT to keep our assets safe from inflation because every day the currency of this country loses value works just like digital currencies and stable currencies.

Another use you have to keep the assets of large companies that handle large sums of assets and that each satochi is a great loss or gain. everything will be determined by the study conducted by the organization that has assets in such currencies either digital or stable.

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WHEN TO USE TETHER

Tether keeps your assets stable in a certain time of rest, so you can be calm and return to trade when you require it for example, you go on a trip to a mountain for a long time and you have no Internet, then you have a large part of your assets in digital currencies, the best to safeguard your interests are to keep them in these stability currencies Tether (USDT) or other currency that exists in the digital world.

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this coin has worked quite well as it is a digital dollar that works on Eth network and Btc is currently ranked #5 on https://coinmarketcap.com by the current market cap. we can deduce that the best stable coin is (USDT) Tether has demonstrated good work and performance in terms of security and programming in its developers.

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THANKS AND HONORS

Cc
@steemitblog
@steemcurator01
@steemcurator02
@yohan2on

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