Buy Tether (USDT) in Sumy

How to buy USDT in Sumy: BUYBank experts' recommendations

USDT (Tether) is not just a key stablecoin, it is one of the leaders in the cryptocurrency market in terms of capitalization and popularity. Thanks to its stable rate and parity with the US dollar, this coin remains in demand among both active traders and investors. If you have also decided to invest in this asset, the BUYBank service will help you safely buy USDT for hryvnias or dollars in Sumy.

Main information about the stablecoin

USDT is a stablecoin issued by Tether in 2015. The token is backed by US dollars at a 1:1 ratio. In response to market participants' behavior, the token's rate may fluctuate slightly, but minor fluctuations (to tenths of a percent) are not considered a loss of parity. The reserves of the stablecoin are backed by fiat and US Treasury obligations, which are constantly confirmed in published reports. The issuing company cares about its reputation in the market and provides sufficient reserves in its bank account.

Tether is often used in trading on cryptocurrency exchanges. Traders consider it a secure asset with a stable value. These coins can be exchanged for bitcoins or other cryptocurrencies and speculated on the difference in exchange rates at any time if necessary. In addition, USDT can be used to pay for goods, services, store capital, and receive passive income through staking, depositing, crypto loans, and more.