USDT is the most widely used stablecoin worldwide as it is pegged to the US dollar. It means that the currency is tied or tethered to a fiat currency and in this case the dollar. Hence, USDT which is tethered is likely to remain stable most of the time as isn’t affected by the volatility of other cryptocurrencies. It is therefore seen that if a cryptocurrency is tethered to a stablecoin it too becomes protected from the volatility of the market. Traders involved in crypt futures trading have noticed that the btcusdt pairing is the most liquid and secure compared to any other pairings.
It also attracts the maximum volume of trade as Bitcoin is also the most traded crypto in the market. Therefore if you go for BTC/USDT you also get secured footings while betting on your futures transactions. The BTC/USDT also boasts a larger trading volume when compared to altcoin and USDT pairs. You can get a lot of information if you sign up on the BTCC website as it is also the largest crypto trading exchange in the world.
You can convert USDT to real money or fiat money and this means you need to sell your USDT on the above exchange as they support such trading pairs. You then ask them to settle your money with your preferred fiat money. This may be the US dollar, EURO, or any other accepted currencies on their list.
Quote Currency in a Pair
Bitcoin futures have several advantages as they offer flexibility for also non-Bitcoin holders. If they speculate on the price of Bitcoin they can open their position in a futures contract with USDT and can settle any profits in USDT. It may therefore arise in your mind which of the two Bitcoin or USDT is a better quote currency.
In this context you may also wish to know about quote currency and whether Bitcoin is better than USDT or vice versa. In a crypto trading platform, there is always a greater volume when futures are traded in pairs. A quote currency in a trading pair is the second currency that you choose from the pair so that it is used to value the first currency in the same pair.
For example, if you buy the btc usdt pair you are buying Bitcoin for USDT and bet that the former will go up relative to the price of the latter or USDT which is the quote currency. The pros of using Bitcoin as a quote currency are primarily because of its easy liquidity. You will find the most authentic information from the bitcoin trading platform worldwide.
Tether or USDT or Tether as quote currency will give you immediate stability in your transactions. It is however centrally managed which may come as a drawback.
Authentic Information and Tips
As a trader in bitcoin futures, you get good tips and authentic information on sites like the BTCC. The platform has the world’s largest number of traders and has been carrying out crypto trading for the past 12 years. They pass on hot news for traders on their site so that you can buy or sell your btc usdt futures accordingly.
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