Tether Operations Limited, has announced that it would be launching the 1USDTM store in partnership with Uquid, a Web 3 E-commerce platform. By utilizing decentralized finance (De-Fi) technology and blockchain infrastructure, this partnership seeks to illustrate the usefulness of USDT in daily transactions and digital commerce, improving both crypto micropayments and the overall crypto purchasing experience.
Through this partnership a variety of goods will only be accessible for purchase with USDT, allowing customers to shop easily and swiftly. It provides a wide variety of goods, all under $1, catering to various markets, including digital goods like gift cards and mobile top-ups as well as physical goods.
As noted in the official statement from Tether, they are working with Uquid to overhaul the crypto shopping experience. According to them, users could only wish for reliable and non-restrictive limitless cross-border payment solutions in past years.
Tether Sees Upbeat Investor Confidence
Tether has seen upbeat investor confidence in the past few weeks. With 110 billion USDT in circulation, Tether has a market capitalization of $113,115,298,403.
The reason why the coin has been so popular among investors is that Tether combines the strength of blockchain technology with the stability and security that fiat currencies are recognized for. This offers a decentralized, user-friendly payment method that is useful for enabling cross-border transfers to happen virtually instantaneously.
In comparison to the existing banking and finance industry, USDT transactions offer near-instantaneous settlement times, cheaper transaction costs, and better transparency due to the absence of intermediaries like banks and financial institutions.
With a 1-to-1 peg to fiat currencies—for example, 1 USDT = 1 USD—Tether token prices are tightly correlated with those of the US dollar. Meanwhile, much like with other cryptocurrencies, users can trade, hold, and transact with these USDT tokens without having to worry about abrupt reductions in the Tether price that could cause them to lose all of their money.
