How to buy USDT on Yellow Card in South Africa

USDT is a blockchain-based cryptocurrency whose crypto coins in circulation are backed by an equivalent amount of traditional fiat currencies, like the Dollar, the Euro, or the Japanese Yen, which are held in a designated bank account.

It is pegged against the U.S. dollar and maintains a 1:1 ratio with the U.S. dollar in terms of value.Tether is useful for crypto investors because it offers a way to avoid the extreme volatility of other cryptocurrencies.: Having USDT removes transaction costs and delays that impair trade execution within the crypto market.

However, using USDT, South Africans get the opportunity to shy away from the 0.5-6.5% commission as well as the 1.2-5% exchange rate margin that is charged by banks depending on the foreign currency.This feature makes it an ideal safe haven asset because, unlike cryptocurrencies like Bitcoin that can fluctuate dramatically in price every day, an individual using stablecoins to store value see no risk of loss, especially because they have full custody of their asset.

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