Recently, Binance has opened USDT trading market for BTC and ETH. Tether USDT is a cryptocurrency asset which is issued on the Bitcoin blockchain through the Omni layer. Each USDT unit is backed by a U.S. Dollar which is held in the reserves of the Tether Limited and get redeemed through the platform. This means 1 USDT is equivalent to 1 USD. In order to avoid price risk, you can always exchange your individual cryptocurrency to USDT whenever there is a case of reduction in cryptocurrency price market. Under Binance USDT Markets, the organizaiton will add more tokens over time. If you’ve a coin that you wish to list on Binance, you need to read the instructions about listing a coin.
Start Trading on USDT Market
Predominantly, Tether USDT is a cryptocurrency asset on the Bitcoin blockchain and it can be stored, transferred, and spent. As similar as the Bitcoin or any other cryptocurrency, it can be transacted and store tethers via any Omni Layer which can be enabled wallet like Holy Transaction or Omni wallet.
Binance Supports : BTC Market | BNB Market | USDT Market | ETH Martket
Tether USDT is a new asset which move across blockchain as easily as other digital currencies. Binance Tether USDT are not money but they are digital tokens which are formatted to work on blockchains. To the underlying assets, tether can be hold their value at 1:1.
USDT was created to provide the transfer of national currencies and offer users with a stable alternative to Bitcoin. It is also an alternative to exchange and wallet audits which are currently unavailable. It offers an alternative for proof of solvency methods based on the process which is related to a proof of reserves. The amount of USDT in circulation can be checked out on the Bitcoin blockchain through the tools. Any one can check USDT circulation and the total number of USDT in circulation at any time. The total number of USDT can be considered as TUSD in circulation. The total amount of USDT is equivalent to the amount of USD in the bank account. The amount can be used by Tether Limited in order to receive and send fiat currency to users who want to purchase or redeem tethers directly on the platform. At Binance organization, auditors can verify, sign, and publish the underlying bank balance and financial transfer statement.
Specifically, Binance USDT is extremely safe and transparent system which totally depended on the oldest and most secure blockchain, and bitcoin. It offers a price-stable asset for national currencies.
How to Use USDT Markets at Binance
USDT markets’ use is much simpler. Through this market, there is a chance of transferring an exchange to Omni layer enabled wallet. There is no transaction fees even though exchange markets and exchanges might charge. Users need to pay small fee for conversion of USDT to USD via Tether. It will also allow the users to get conversion between USD to and from your bank account. Within simple steps, you can easily accomplish the setting up of account for USDT markets on Binance.com.