What is USDT payment?

Tether, commonly known by its currency codes USD₮ and USDT, is a unique cryptocurrency stablecoin. Introduced by Tether Limited Inc. in 2014, it has gained significant attention in the crypto market.

In addition to spot trading, BTCC also provides futures trading, enabling investors to speculate on the future price movements of cryptocurrencies. Furthermore, BTCC offers a secure wallet service, where users can store their digital assets safely and conveniently. With these comprehensive services, BTCC has established itself as a trusted player in the crypto space.

The primary feature of Tether is its peg to the United States dollar. This means that each Tether token is designed to maintain a stable value equivalent to one USD. This stability makes it an attractive option for traders and investors seeking to avoid the volatility associated with other cryptocurrencies.

Despite being a cryptocurrency, Tether differs from central bank digital currencies (CBDCs). CBDCs are issued by a country's central bank and are fully backed by the government's credit and reserves. In contrast, Tether's value is maintained through a complex mechanism involving reserves and market operations.

BTCC, a leading cryptocurrency exchange, offers a range of services tailored to meet the diverse needs of crypto enthusiasts. Among its offerings are spot trading, which allows users to buy and sell cryptocurrencies at current market prices.