Crypto Academy Week 6 Homework Post For @yohan2on - Stable Coins [Tether (USDT)]

Hello all...

Today I will try to do the homework given by professor @yohan2on about stablecoins.

As explained this week by professor @yohan2on in his course on Stablecoins. Stablecoin is a stable cryptocurrency asset because the value of its currency is in direct reference to fiat currencies such as the United States dollar and physical goods whose prices remain stable such as gold. As for this week I will try to discuss Tether (USDT) which is part of a stablecoin.

Tether (USDT)

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Tether (USDT) is a stable digital currency exchange tool used for transactions on blockchain technology. The transactions used are usually to send, store and receive United States dollars in tokens. The purpose of this token was established to avoid high price fluctuations, so this token is very suitable for use in the transaction and investment process because this token will not be affected by price speculation. This is one of the advantages provided by token tether (USDT) which is part of a stablecoin that digital currencies such as bitcoin do not have, namely that it can overcome its volume problem.

Tether (USDT) is one of the most popular tokens for digital currency users, currently the market demand for tether tokens is very large because it is believed that this asset is very profitable for its users because this token is secured by fiat currency. You could say this is one of the developments in digital currency that can directly connect cryptocurrency with fiat currencies. So tether asset (USDT) is not only safe to use in the transaction process because of the transparency it provides, this token also provides price stability because this token is one of the stablecoins. Apart from all the advantages offered by this token, we must also monitor the progress of this token, to minimize future losses.

The benefits offered by Tether (USDT)

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1. As we know coins like bitcoin whose price is unstable such as an increase or even decrease in their currency, this coin is less efficient to use for daily transactions. So Tether is here to solve this problem which is very suitable for transactions.
2. Tether (USDT) is used in blockchain technology so that this asset is guaranteed its security and transparency. This asset is also very popular, so we no longer need to be afraid to invest and transact in this asset.

So my brief explanation on this homework, hopefully it can be useful. Thanks....

Cc:
@yohan2on
@steemitblog
@steemcurator01
@steemcurator02