FINANCIAL FREEDOM: WHY USDT IS YOUR KEY IN 2024 (2024)

FINANCIAL FREEDOM: WHY USDT IS YOUR KEY IN 2024 (1)

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Busha

Busha is Nigeria’s leading crypto exchange.Buy and sell 40+ assets with Naira.Save in crypto and earn interest daily.

Published Feb 8, 2024

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Tired of watching your Naira savings shrink due to inflation and currency fluctuations? And you have probably heard everyone screaming, “Start savings in Dollars” or “Convert all your Naira to Dollars,” well, you’re not alone. These warnings are quite necessary because, in today’s volatile world, you need a haven free from the unpredictable ups and downs of traditional currencies. As such, we are here to tell you, maybe scream (looks at you with side eyes), that you should consider saving/investing in USDT (Tether).

USDT (Tether) boasts stability, global accessibility and many benefits you won't find in your local banks, and that’s just the beauty of this coin here.

Have you started getting intrigued? Here are some reasons why switching to USDT could be your smartest move this year:

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Kiss inflation goodbye: Unlike the Naira, which is volatile and loses value on a daily basis, the USDT stands firm against inflation. Watch your money grow, not decrease.

Global Savings: The USDT is universally acceptable, allowing you to save globally without worrying about time zones or hefty fees and helping you break free from traditional banking boundaries.

24/7 Availability: The decentralized nature of USDT allows you to manage it anytime, anywhere, with the freedom and flexibility you deserve.

Stability in Changing Times: Unlike Naira, USDT's value stays steady, protecting your hard-earned cash from purchasing power erosion.

Diversification Guru: Adding USDT to your financial portfolio diversifies your assets, spreading risk and potentially increasing overall profits.

Financial inclusion for all: Regardless of your location or history, USDT enables you to take control of your finances and create a better future.

USDT opens the door to the future of finance, where borders are no barrier and a glimpse into a world where everyone has more control over their money.

Explore the Future with USDT: Read more here: https://blog.busha.co/10-reasons-why-you-should-save-in-usdt-in-2024/

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2 Comments

Timothy Murphy

IT Manager/Director at Seeking Next Opportunity

1mo

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Friendly advice: Do not embrace every investment opportunity you come across online because of scam. I've been a victim but now a testimony and that's only because I came across a recovery specialist who interceded and helped in recovering about 369k worth of usdt from a fake online investment company. The amazing part is how he explains in depth breakdown of relevant information to help you follow through the recovery process. A little percentage of what was fully recovered was taken out as service charge, but nothing compared to how grateful I am for the success. You can contact them onINSTAGRAM: SNAP_RESTORE OR EMAIL:Snapcryptorecovery@gmail.com

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FINANCIAL FREEDOM: WHY USDT IS YOUR KEY IN 2024 (2024)

FAQs

What is the full meaning of USDT? ›

Read On ›

Is it safe to keep money in USDT? ›

USDT, being a stablecoin, plays a pivotal role in helping investors and traders navigate the often turbulent waters of cryptocurrency markets. Its stability pegged one-to-one with the US dollar, offers a safe harbor against the high seas of market volatility.

Discover More Details ›

What are the advantages of USDT? ›

USDT is a pegged cryptocurrency, meaning its value is only as volatile as that of the U.S. dollar. Other examples are USD Coin (USDC), Binance USD (BUSD), and Dai (DAI). One of the benefits of tethering is that it allows investors to easily move money between cryptocurrency markets and the traditional financial system.

What are the drawbacks of USDT? ›

Disadvantages of USDT include: Limited transparency into Tether's actual USD reserves and banking partnerships backing USDT, requiring trust in the company's claims. Centralized control by Tether parent company over decryption keys and protocol rules, lacking decentralization present in blockchain-native assets.

See Details ›

How do I convert USDT to cash? ›

To convert USDT to USD, you'll need to use a cryptocurrency exchange or a financial service that supports USDT transactions. Here's what you do: Transfer your USDT to the exchange. Sell it at the current market rate for USD.

Find Out More ›

What is USDT in finance? ›

Tether (often referred to by its currency codes, USD₮ and USDT, among others) is a cryptocurrency stablecoin, launched by the company Tether Limited Inc. in 2014.

Tell Me More ›

What do people use USDT for? ›

USDT is backed by Tether's reserves, which are held in various bank accounts. USDT is used to buy other cryptocurrencies as well as to provide liquidity for exchanges.

Show Me More ›

What is better than USDT? ›

USDC is considered safer than USDT due to its transparency and regulatory compliance, though its value depends on the ability of issuers to maintain the peg.

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Can you make money with USDT? ›

You can make money HODLing your Tether and enjoy hassle-free conversion between Bitcoin and other currencies. USDT transactions are faster while coming with low processing fees. Crypto traders around the world are now using Tether to make international transactions.

Why do people prefer USDT? ›

USDT's higher liquidity makes it a preferred choice for traders of digital dollars and on exchanges for quick conversions. On the other hand, USDC's strong regulatory stance and transparency may make it more appealing for businesses and individuals looking for stablecoin options with a focus on compliance and security.

Show Me More ›

Is USDT in danger? ›

Overall, USDT is vulnerable to financial, legal, and security risk.

Read The Full Story ›

Is USDT getting banned? ›

Tether's Freezing of USDT

According to on-chain analytics firm SlowMist, Tether's 12 banned addresses were identified as “USDT Banned Address“.

See Details ›

Is a USD and a USDT the same? ›

1 USD is always worth 100 cents, whereas 1 USDT can fluctuate in value depending on the value of the fiat and other market conditions against which it is traded. USD is represented by the symbol "$," whereas USDT is a symbol in and of itself. In one sense, USD refers to fiat currency, money, or liquidity.

Get More Info Here ›

How to withdraw USDT to bank account? ›

4 Steps to Withdraw USDT to Bank account

Sign up for an account at Paybis.
Select the amount of USDT you want to sell.
Type in your bank account details.
Send USDT to the address we've generated for you.

Can you make money on USDT? ›

USDT (Tether) is one of the most widely used crypto stablecoins. Importantly, Tether is backed by an equal amount of fiat (US Dollars) held in a designated bank account. By using crypto lending sites, it is possible to make money by earning interest on your Tether tokens.

Is USDT a good investment? ›

Is Tether a good investment? The answer hinges on your investment goals. If you seek a cryptocurrency that maintains its value and can be efficiently traded for other blockchain-based assets, then it could be suitable. However, if your aim is profit generation, USDT might not align with your objectives.

View Details ›