How to Exchange USDT to IDR with Low Fees

Bittime - Tether (USDT) is a stablecoin launched in 2014 to offer stability in the crypto market. Although it initially claimed to be fully backed by dollar reserves, in 2019 it was found to be only 74% backed.

What's that Tether (USDT)?

Tether (USDT) was launched in 2014 with the goal of creating a stable crypto asset that could be used like a digital dollar, or stablecoin. Tether has an anchor, or tether, that connects Tether to the price of the US dollar.

Tether is issued on the Bitcoin (both Liquid and Omni Protocol), Ethereum, EOS, and Tron blockchains. At first, but now available as an ERC20 token on Ethereum.

Tether Limited, whose CEO shares crypto platform Bitfinex, issues tether tokens. Tether previously claimed that reserves fully support Tether tokens. However, in 2019, Tether's lawyers said that only 74% of Tether's reserves, or a small portion of reserves, supported Tether and Tether Limited.

What Is Tether Used For?

Due to its stability, Tether is used as a hedge against crypto market volatility. Storing money in Tether protects it from the usual cryptocurrency market volatility because each USDT token is pegged to one dollar. Because of this, Tether can serve as a fiat on-ramp and off-ramp for crypto trading, most Bitcoin trading is done with it.

How to Convert USDT to IDR

Calculate the price of ETH in IDR by entering the desired amount in the ETH to IDR converter. For a detailed view of the historical price movement of ETH in IDR, you can refer to this ETH to IDR chart based on CoinGecko data.

Conclusion

Tether (USDT), issued by Tether Limited and available on various blockchains such as Bitcoin, Ethereum, EOS, and Tron, is a stablecoin launched in 2014 with the aim of offering stability in the crypto market. While initially claiming to be fully backed by dollar reserves, in 2019 it was discovered that only 74 percent of the tokens were fully backed by dollar reserves.

In crypto trading, Tether is used as a fiat on-ramp/off-ramp and as a hedge against crypto volatility. Users can use converters like CoinGecko to exchange USDT to IDR.

How To Buy Crypto With Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.

Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.