RE: Why is always more profitable to trade alts vs BTC, not vs USD

You are viewing a single comment's thread from:

Why is always more profitable to trade alts vs BTC, not vs USD

in cryptocurrency •  7 years ago 

Could you guys tell me what does USDT stand for? (especially the final "T")

cryptocurrency
7 years ago by

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

  • Disagreement on rewards
  • Fraud or plagiarism
  • Hate speech or trolling
  • Miscategorized content or spam

Submit
$0.00
    2
    Authors get paid when people like you upvote their post.
    If you enjoyed what you read here, create your account today and start earning FREE STEEM!
    Sort Order:  
  • Trending
    • [-]
      ·  7 years ago 

    US Dollar Tether. Tether is 1 to 1 with USD and since it is an Alt coin you do not have to pay capital gains yet since technically you did not trade an asset into US currency. I would consult your tax attorney of course but that is how I have come to understand it.

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.00
      [-]
        ·  7 years ago 

      Usd is our fiat currency known as the dollar. Usdt is the 1=1 currency known as Tether. It is a pegged currency that keeps the value of itself equal to the value of the American dollar.

      Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

      • Disagreement on rewards
      • Fraud or plagiarism
      • Hate speech or trolling
      • Miscategorized content or spam

      Submit
      $0.00