Why is it recommended to use USDT for payment?

The stable price of USDT allows exchanges to not worry about the risks that cryptocurrency price fluctuations pose to their trading platforms. In addition, USDT can also be used for cross-border remittances and value transmission, and has the advantages of low handling fees, high efficiency and anonymity.

Cryptocurrencies have changed the way people think about money over the past few years. As cryptocurrency adoption increases worldwide, more and more people are looking for solutions that allow them to use cryptocurrencies in the same way as fiat currencies.

People are investigating the benefits of using cryptocurrencies such as USDT for payments and transactions because they no longer believe that using the traditional financial system is a viable solution.

Today, we will introduce to you the benefits of USDT payment method.

USD Tether, also known as USDT, is a cryptocurrency on the blockchain and the third largest digital currency in the world by market capitalization.

You can spend, pay, send or save it like any cryptocurrency.

USDT is a stablecoin, meaning its value is tied to real-world resources.

Unlike other cryptocurrencies, USDT payments are pegged to the U.S. dollar. This helps USDT maintain a stable value.

As of December 2021, the market capitalization of stablecoins reached $167 billion, up from just $5 billion in 2019.

Stablecoins account for 6.68% of the $2.49 trillion cryptocurrency market economy and grew 388% in 2021.

As Tether points out, USDT has already been used to capture over $60 billion in significant value, and customers can store Tether tokens as a guarantee of joining a DeFi network without fear of instability.

The reason 1 USDT is worth 1 USD is that the transaction retains a deposit of USD to move every USDT in existence.

The blockchain can view available USDT and TUSD, i.e. full USDT payments are readily available.

This amount should be close to the total financial balance used by Tether Limited to collect and send cash to buyers or pay bonds on the Tether platform.

The most obvious advantages of using USDT to pay/receive payments:

Financial security

Cryptocurrencies are transferred directly from one wallet to another via blockchain technology without going through a bank or regulator. This means that no institution can interfere with any given transaction. This also means that your account and funds will not be frozen, without preconditions or arbitrary restrictions.

stable value

Since the cost of USDT is stable and predictable compared to other cryptocurrencies, many exchanges recognize Tether as an alternative to fiat currencies. Additionally, many organizations are starting to recognize cryptocurrencies as a form of payment because they have lower exchange fees compared to credit cards. Assuming you wish to use cryptocurrencies, USDT payments may be the safest option if you are stressed by the instability.

global payment

Global payments can be an issue, especially in certain countries where wire transfers are cumbersome and prohibitively expensive, such as those with immature currency frameworks. Stablecoins allow customers to easily access new currency projects in DeFi systems. Paying with USDT solves this problem. This also benefits organizations that frequently work with global customers and partners, as USDT payment options can increase payout rates and leave room for additional investment funds.

cut costs

There are additional fees for foreign exchange and exchange rates where you use traditional fiat currencies. Encrypted wallet transfers only require a very low gas fee. With this, customers prefer paying and sending funds using USDT, significantly saving time and additional fees.

Extremely fast trading

USD deposits and transfers typically take 1–4 business days to complete within customary financial frameworks. And sending cryptocurrency is as easy as sending an email, with cryptocurrency transfers happening within minutes. This is significant for customers who often need to execute transactions within minutes. Many customers prefer this method, which is fast and consistent, and can be very profitable for those who don't have easy access to banking. This makes the USDT payment method one of the fastest ways to pay and receive money.

USDT payment gateway

Due to its popularity, USDT has become everyone’s preferred payment method. Businesses/individuals can look for payment solutions by offering stable USDT payment gateway providers to simplify this process.