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Topic: Bitcoin vs usdt (Tether) - page 3. (Read 315 times)

hero member
Activity: 2744
Merit: 588
October 26, 2023, 06:53:18 PM
#3
I would suggest for the OP to check other discussion threads in this forum, as his question has been answered many times over.
But do remember that USDT is a centralized stablecoin, whereas btc is a decentralized coin.
In time, he would understand more about the pros and cons of these 2 coins, and will utilize them accordingly.
As USDT is pegged with USD, then, it is self-explanatory why it is under stablecoin category and less volatile with BTC.
@OP, you can also read this below thread for further discussion regarding tether -

Do You trust Tether (USDT) Stablecoin? - https://bitcointalksearch.org/topic/do-you-trust-tether-usdt-stablecoin-5439066
hero member
Activity: 1470
Merit: 558
dont be greedy
October 26, 2023, 06:50:48 PM
#2
bitcoin is a peer-to-peer digital currency governor by any financial institution.
Bitcoin is decentralized, meaning it's not governed by any financial institution or entity. And if you're referring to government regulation, it primarily pertains to Bitcoin's presence in society but doesn't govern the internal system of Bitcoin or its blockchain.

Tether is a stable coin, it have same value of the us dollar. That's why it is less volatile than Bitcoin, it can also be use for trading on exchanges or it can be stored value. 
When the USD experiences inflation, Tether also undergoes inflation because it's backed 1:1 by USD. This doesn't truly serve as a store of value. It's not much different from you holding onto FIAT currency. Many traders might opt for USDT as a parking spot for their assets before making investment decisions on their chosen coins.

Both have their potential of Bitcoin and Blockchain technology are endless. 
USDT is issued by centralized institutions and cannot guarantee 100% immunity from insider meddling.
newbie
Activity: 35
Merit: 0
October 26, 2023, 06:39:50 PM
#1
Bitcoin and Tether are different types of cryptocurrency.bitcoin is a peer-to-peer digital currency governor by any financial institution. Tether is a stable coin, it have same value of the us dollar. That's why it is less volatile than Bitcoin, it can also be use for trading on exchanges or it can be stored value.  Both have their potential of Bitcoin and Blockchain technology are endless.  It's a stable coin backed by us dollar, Both have their unique advantage. How well do you trust Tether stable coin?
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