USDT is changing the world and with BrozBot you can earn even more!

USDT, also called Tether, is a stablecoin designed to minimize the volatile price movement within the cryptocurrency environment by pegging each unit to the Dollar.

So, although USD and USDT have the same monetary value, they are different. USD is a FIAT currency, while USDT is a crypto currency backed on a 1:1 peg with the US dollar.

So people are realising now they can transfer large amounts of monies with a cryptocurrency that, in theory, will not see wild swings in value.

The Tether Effect in China

Chinese citizens are transferring more money than allowed out of the country using USDT. As a background, Chinese citizens can move only $50,000 in foreign currency each year using financial institutions. This to prevent the yuan, China’s national fiat, from leaving the country and causing any untoward economic effects.

However, using Tether presents a way to circumvent that. Wealthy citizens have turned to digital currencies alongside traditional methods like real estate purchases, even as the government is cracking down on such methods.

Over the past year — with China’s economy suffering due to trade wars and devaluation of the yuan at different points — it was seen over $50 billion worth of cryptocurrency move from China-based addresses to overseas addresses.

So it’s clear that citizens have learned now that Tether (USDT) is a good alternative to move their money. This also allowed them to avoid any setbacks from volatility in Bitcoin and other cryptocurrencies.

How can you earn more USDT with BrozBot?

BrozBot is the only automated trading bot where you can set up strategies to trade Forex and Crypto all in one place.

But what is even more fantastic is that you can set up strategies on your crypto bot to accumulate not only Bitcoin but also USDT.

That’s right!

Depending on your trading goal, you can select your base currency being BTC or USDT. If you want to accumulate BTC leave your balance in BTC and select Bitcoin as your base currency. If your goal is to accumulate more USDT you must transfer your funds into USDT and choose Tether as your base currency, this way your bot will trade with a strategy to accumulate more USDT.

To learn how to set up your BrozBot watch this video on youtube: https://www.youtube.com/watch?v=s1JBaM_1ukY