What is Tether (USDT)?
Tether differs from Bitcoin in that it’s a stablecoin – meaning that it is backed by a reserve asset and designed to offer price stability worth $1 USD. It launched in 2014 to facilitate the use of fiat currencies in the blockchain ecosystem and crypto markets.
How much USDT is there in the market now?
How is USDT pegged to the value of the USD?
According to their site, Tether converts cash into digital currency, to anchor or “tether” the value of the coin to the price of the US dollar. For every dollar paid, 1 USDT is issued and tracked on the blockchain.
Buy and sell USDT for fiat currency
On AAX’s OTC marketplace, you can buy and sell USDT for fiat currency directly from other users via bank transfer on a peer-to-peer basis. Simply head over to our OTC marketplace and look for the best offer.
Although this is essentially a peer-to-peer exchange, AAX oversees the transaction to ensure both parties stick to their end of the bargain.
Trade USDT against other cryptocurrencies
On AAX, you can trade USDT against 10+ other cryptocurrencies.
Trade anytime, on the go
Why trade with AAX?
Powered by LSEG Technology’s cutting edge matching engine, which is also at the heart of London Stock Exchange, and other traditional financial markets, AAX is a next-generation cryptocurrency exchange.
Integrity comes first
AAX is fully AML/KYC compliant and transparent.
Multi-layered security systems, robust custody, fully audited.
Multi device support
Trade on browser, iOS, and Android app. AAX supports API.
Trade across OTC, Spot, and Futures, deposit and withdraw, in one seamlessly integrated account.
What can you do once you own USDT?
Because the price of USDT hardly changes, some traders use it to park their money and escape volatility.
USDT can also be used as a base currency with which to trade against other cryptocurrencies.
From your AAX account, you can easily transfer value around the world. You can buy USDT online and send it to anyone and anywhere with a wallet that supports USDT. Tether is issued on the Omni, TRON, and ETH blockchains.