Is USDT a coin or currency?
I'm a bit confused about the terminology in the crypto world. I often hear about USDT being mentioned, but I'm not sure if it's considered a coin or a currency. Could you clarify this for me? I understand that it's pegged to the value of the US dollar, but does that mean it's more like a stablecoin or a type of fiat currency? I'm trying to wrap my head around the different classifications in this space and would appreciate your expertise.
Is USDT a good currency?
I've been hearing a lot about USDT lately, and I'm curious if it's a good currency to invest in. I understand it's pegged to the US dollar, which gives it some stability, but I'm still not sure if it's a wise choice. What are your thoughts on USDT? Is it a good currency for long-term holdings or for trading? And what are the risks associated with it? I'd appreciate your insights and advice.