Buy Tether (USDT) in Lutsk

USDT: How to Buy Cryptocurrency in Lutsk

USDT (Tether) is one of the most stable cryptocurrencies, as its value is pegged to the base fiat currency. This feature, as well as its low volatility, have made it an attractive asset for storing value. The stablecoin is gaining popularity as a universal payment tool and is among the top three most popular digital currencies in the world.

Are you looking for a place to buy USDT for dollars or hryvnias? Use the services of the BUYBank exchange office. With our service, you can buy cryptocurrency for cash: secure exchange is carried out through the cashier at the branch.

Features of USDT and the stablecoin exchange rate

Tether is a digital currency that uses the Bitcoin blockchain for financial transactions. Despite having many similarities to Bitcoin, it differs in:

• The inability to be mined via mining - issuance is only done upon depositing fiat funds.
• Being pegged to real money (USDT to the US dollar, EURT to the euro, JPYT to the Japanese yen).
• Being backed by monetary reserves of the company Tether Limited, which issues the coins (the amount of available funds in accounts is published on the issuer's official website).

Investment experts consider tether to be a bridge between two financial worlds - real and virtual. Until 2018, the creators of the digital currency stated that each unit was backed by one US dollar. However, later, Tether Limited management made a clarification: USDT is backed not only by cash dollars, but also by funds provided by the company's partners in credit to borrowers.

1 USDT equals $1. In fact, even with fluctuations in the USDT exchange rate, the difference between fiat and tether is insignificant. For example, after the crash in 2017, the stablecoin was worth $0.91 and later rose to $1.1. In conditions of economic instability and growing inflation, investing in a stable cryptocurrency can help protect against depreciation and accumulate money.