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WHY DID WE USE USDT?
Choosing USDT (Tether) is a strategic decision for several reasons:
1.Stability: USDT is a stablecoin, meaning its value is pegged to the US dollar (1 USDT = 1 USD). This offers a more predictable value compared to other cryptocurrencies, which can be highly volatile. This makes it easier for both businesses and clients to avoid significant price fluctuations.
2.Wide Acceptance: USDT is one of the most widely used and accepted stablecoins in the cryptocurrency market. It is available across a broad range of exchanges and platforms, making it accessible for users globally.
3.Liquidity: Since USDT is widely traded and has high liquidity, it makes transactions smoother and faster, ensuring that users can easily convert it into other cryptocurrencies or fiat currencies when needed.
4.Lower Transaction Costs: Transactions using USDT are typically cheaper compared to traditional banking or other cryptocurrency transfers, making it an efficient option for cross-border transactions.
5.Trust and Security: Tether has been around for a long time and has built a reputation as a reliable stablecoin, backed by reserves, which adds a layer of confidence for users.
By using USDT, businesses and individuals benefit from the stability of fiat currency while still enjoying the advantages of blockchain technology, such as faster transaction times and lower costs.
