Ethereum or USDT: What is the Crucial Difference?

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Among hundreds of crypto assets in the market, there are the top traded coins with the highest indicator of capitalisation and trade volume. These are Bitcoin, Ethereum, Tether USDT, BNB and many others. ETH USDT is one of the most popular crypto pairs throughout all crypto exchanges. So let’s discuss these assets today. 

What is Ethereum?

Besides being the second largest crypto, Ethereum is also a network where developers build and deploy decentralized applications, smart contracts, blockchain games, and other crypto products. The Ethereum blockchain became overloaded with projects running on it, so its throughput and speed decreased while fees grew. But the developers solved this problem by switching the Ethereum blockchain to the Proof-of-Stake mechanisms of reaching consensus. Now Ethereum offers:

  1. Fast transactions 
  2. Lower fees
  3. Opportunity to stake ETH
  4. Environmentally-friendly network.

Investing in crypto ETH definitely worth it.

What is Stablecoin?

Tether USDT is a stablecoin. Such coins have their value supported by first currencies, for example, dollars. That is, some reserve of dollars backs USDT coins. That is why the USDT rate is always around one dollar. 

Stablecoins are not good for investments, but they serve to hedge risks. That is, traders convert crypto to USDT to save their funds in dollar equivalent when the market fluctuates.

You can buy both these crypto coins on the WhiteBIT cryptocurrency exchange. It is a centralised platform with many benefits for registered clients, over 450 crypto pairs, and the opportunity to conduct fiat-crypto conversions. The exchange offers its native crypto asset, WBT token, that brings additional earning options and discounts on trading for its holders.

If you want to learn more about the crypto market, welcome to the WhiteBIT blog. It regularly publishes interesting articles and the latest news from the industry, new up-and-coming crypto projects, quizzes, and guides in different operations with crypto.

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