Tether (USDT) is the world’s most widely used stablecoin, designed to maintain a 1:1 value with the US dollar. Created to combine the stability of traditional currency with the speed and flexibility of digital assets, Tether plays a major role in global crypto markets. Its core purpose is to offer a price-stable asset that traders and investors can rely on during periods of high market volatility.USDT operates on multiple blockchains, making it easily transferable, fast to settle, and widely supported across exchanges, wallets, and DeFi platforms. Because USDT Price is engineered to stay close to $1, users often&nbsp;<a href="https://cryptal.com/en/blog/buy-usdt-detailed-instruction">Buy USDT</a> to move funds between platforms, store value temporarily, or enter and exit positions without exposure to market swings.As a liquidity pillar of the industry, Tether enables smoother trading, higher market efficiency, and instant transfers 24/7. Whether you’re preserving capital, sending funds globally, or preparing to purchase other digital assets, <a href="https://cryptal.com/en/blog/what-is-usdt">USDT</a> provides a reliable and accessible way to stay active in the digital economy.

<h1>What is Cryptocurrency USDT?</h1>USDT, also referred to as Tether, is a stable cryptocurrency tethered to the value of the US Dollar, ensuring stability at a fixed rate of 1 USD. Its stability is underpinned by reserves in dollars, thus earning its classification as a stable cryptocurrency.&nbsp;The entity behind USDT is headquartered in Hong Kong and boasts ownership of BitFinex, a prominent cryptocurrency exchange.&nbsp;As per <a href="https://coinmarketcap.com/currencies/tether/">CoinMarketCap</a>, a platform furnishing comprehensive cryptocurrency data including price and market capitalization, USDT ranks among the top ten digital assets, boasting a substantial market capitalization of $104 billion.

What is Cryptocurrency USDT?

<h2>What are the Benefits of USDT?</h2><ul style="list-style-type:disc;"><li>Stability - USDT is a stablecoin, meaning its value is meant to be stable and pegged to a fiat currency, like the US dollar. This makes it less volatile than other cryptocurrencies &nbsp;</li><li>Alternate to USD -&nbsp;Given the consistent parity between the US Dollar and USDT, cryptocurrencies offer a convenient and cost-effective alternative to traditional dollar transactions. &nbsp;</li><li>Quick Transactions - Sending USDT between wallets or exchanges can be faster than traditional bank transfers, especially for international transactions &nbsp;</li><li>Lower Fees - Transaction fees with USDT can be lower compared to traditional banking fees, especially for large transactions &nbsp;</li><li>Easy&nbsp;- It's easy to swap USDT for other cryptocurrencies or fiat currencies, making it a convenient option for traders and investors</li></ul>&nbsp;For further insights into this digital asset, feel free to explore our <a href="https://cryptal.com/en/blog/what-is-usdt">blog</a>. Discover easily digestible information detailing what this cryptocurrency entails and its versatile applications.

What are the Benefits of USDT?

<h2>How to Buy USDT: Convert &amp; Spot Trade</h2>Are you considering venturing into the world of cryptocurrencies but unsure where to begin? Fear not, as we've compiled some straightforward methods to help you purchase USDT, even if you're completely new to digital assets.To initiate your cryptocurrency journey, you'll require the assistance of crypto exchanges, pivotal platforms for managing digital assets. Notable exchanges in the market include Cryptal, Mycoins, and Coinmania. Additionally, there are other exchanges like Binance, although it caters more to individuals with relatively more experience.For its minimal fees and user-friendly interface, Cryptal emerges as an ideal choice. Here, you can purchase crypto through two primary methods:<ul style="list-style-type:disc;"><li>Convert - Instantly Purchase Crypto</li><li>Spot Trade - Obtain USDT at Optimal Prices</li></ul>Prior to purchasing USDT, it's imperative to have a crypto wallet to safeguard your acquired assets.A crypto wallet functions akin to a traditional bank account. Each cryptocurrency necessitates its own designated wallet—just as different currencies require separate accounts, such as GEL for Georgian Lari and USD for US dollars.For instance, acquiring Bitcoin necessitates a Bitcoin wallet, while USDT acquisition mandates a wallet tailored specifically for USDT storage, aptly termed a USDT wallet.If you seek comprehensive insights into crypto wallets—detailing various types, distinctions between them, and recommendations for selection—our <a href="https://cryptal.com/en/blog/crypto-wallet-explained-with-daily-terms">blog</a> provides real-world explanations on the subject.Upon registration on Cryptal and subsequent crypto purchases, an associated cryptocurrency wallet will be automatically generated for you. The digital assets you procure will seamlessly and instantly reside within their respective wallets.Now, let’s talk about the ways of Buying Cryptocurrency:

How to Buy USDT: Convert & Spot Trade

<h3>Convert</h3>This feature is tailored to streamline the process of purchasing cryptocurrency, ensuring convenience and swiftness, especially for newcomers to the industry lacking prior experience in acquiring crypto assets. Cryptal's Convert function is adeptly designed to cater to such individuals, offering an intuitive interface and eliminating any waiting period by facilitating instant crypto acquisition.<ul style="list-style-type:disc;"><li>Enter Cryptal</li><li>Choose <a href="https://cryptal.com/ex/convert/USDT-TOUSD">Buy Crypto</a></li><li>Indicate USDT and TOUSD</li><li>Enter Amount</li><li>Click Buy</li></ul>&nbsp;<figure class="image"><img src="https://landing-back-static.cryptal.com/ENG_USDT_7476c5d63b.gif"></figure>

Convert

<h4>What are the benefits of Convert?</h4><ul style="list-style-type:disc;"><li>Speed –&nbsp;You’ll get USDT in a few Seconds</li><li>Simplicity – Buying USDT is possible in a couple of clicks</li></ul>

What are the benefits of Convert?

<h3>Spot Trade</h3>This platform serves as a meeting ground for both cryptocurrency buyers and sellers, facilitating exchanges known as Orders. Here, you can express your intent to purchase crypto by specifying details such as the desired amount of USDT and the price you're willing to pay. Subsequently, you await a suitable seller to match your order.For instance: if you wish to procure 100 USDT at a price of $98 instead of the standard $100, you would submit your order on the exchange and await potential matches.When a seller possessing USDT in their wallet encounters your order and finds the specified price and quantity agreeable, they may accept the request, resulting in a trade.Following the successful trade, 100 USDT will automatically be credited to your wallet, while $98 will be transferred from your dollar account to the wallet of the seller who facilitated the transaction.Spot Exchange has two interesting features:a.&nbsp;Market Order: This method automatically secures the best available price for the desired cryptocurrency on the exchange at the time of purchase. When buying USDT through a Market Order, you obtain it at the prevailing best price on the exchange. b.&nbsp;Limit Order: With a Limit Order, users manually set the maximum and minimum price limits they are willing to pay for USDT. The exchange then matches them with the best available price within the specified limits.

Spot Trade

<h4>What are the benefits of Spot Trade?</h4><ul style="list-style-type:disc;"><li>Best Price –&nbsp;You Buy Crypto at the Best Price</li></ul>

What are the benefits of Spot Trade?

<h2>Topping up the Balance on Cryptal</h2>In the realm of cryptocurrency, transactions are conducted entirely in the digital domain. However, to initiate purchases, one must first possess fiat currencies such as Georgian Lari (GEL), US Dollars (USD), or Euros (EUR).Whether you're interested in acquiring Bitcoin, Ethereum, or even a digital equivalent of the US Dollar like USDT, you'll require fiat currency within your Cryptal account.You have the flexibility to replenish your balance on the platform with GEL, USD, or EUR, which are seamlessly converted into the respective assets necessary for cryptocurrency transactions—TOGEL, TOUSD, and TOEUR.To facilitate this process, you can conveniently top up your balance using Visa and Mastercard cards issued by the Bank of Georgia and TBC Bank or opt for Wire Transfer for added flexibility.&nbsp;<figure class="image"><img src="https://landing-back-static.cryptal.com/English_landing_Cryptal_Depositing_Money_From_Bank_Card_772bfa2adf.gif"></figure>

Topping up the Balance on Cryptal

<h2>Summary: You can now Buy USDT!</h2>USDT stands out within the cryptocurrency landscape as a digital asset serving as a substitute for the US Dollar, fostering stability in trading environments.Renowned for its minimal fees, rapid transaction processing, and user-friendly interface, USDT offers a convenient avenue for crypto enthusiasts. Even beginners find purchasing USDT via crypto-to-crypto conversions remarkably straightforward.

Summary: You can now Buy USDT!

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USDT stands out as a stable cryptocurrency, maintaining a consistent value equivalent to the US Dollar. For those embarking on their crypto journey with uncertainty on where to begin, this blog serves as a comprehensive guide, offering clear and accessible insights.

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Buy USDT – Detailed Instruction

<h1>Introduction: USDT – Exploring world of Tether, the Stablecoin Powerhouse</h1>

Cryptocurrency has revolutionized the financial landscape, and among the myriad of digital assets available, stablecoins have gained immense popularity. One of the most prominent stablecoins is Tether (USDT).&nbsp;

In this blog, we will delve into the fascinating world of USDT, exploring its creation, use cases, and benefits that attract both beginners and seasoned crypto enthusiasts.

<h2>What is USDT (Tether)?</h2>

USDT, short for Tether, is a stablecoin that was first introduced in 2014. Its creation aimed to bridge the gap between traditional fiat currencies and the digital realm, providing users with the stability of fiat without sacrificing the benefits of cryptocurrencies. The team behind USDT designed it to be pegged to the US Dollar, with 1 USDT always equal to 1 USD, ensuring price stability.

The mastermind behind the creation of USDT is a company called Tether Limited. While the exact identity of the individuals behind Tether Limited remains somewhat mysterious, it is known that the company operates in conjunction with the popular cryptocurrency exchange, Bitfinex.

<h2>What is Stablecoin?</h2>

Stablecoins are a unique category of cryptocurrencies that are designed to minimize price volatility, offering a stable value compared to their more volatile counterparts like Bitcoin and Ethereum. They achieve this stability by pegging their value to a reserve asset, such as fiat currencies like the US Dollar or commodities like gold. This pegging mechanism ensures that the value of a stablecoin remains relatively constant, reducing the risk and uncertainty associated with traditional cryptocurrencies.

<h2>On What Blockchain does USDT (Tether) Operate?</h2>

Initially launched on the Bitcoin blockchain using the Omni Layer protocol, USDT has since expanded its presence to various blockchain networks.&nbsp;

Today, USDT operates on multiple blockchains, including Ethereum (as an ERC-20 token), TRON, and Algorand, among others.&nbsp;

This multi-chain approach allows for greater accessibility and flexibility, catering to a wider range of users and transactions.

<h2>What is the Purpose of USDT (Tether)?</h2>

USDT serves multiple purposes in the cryptocurrency ecosystem. For one, it provides a stable digital asset that traders and investors can use to mitigate risks during market volatility. Traders often use USDT as a trading pair, allowing them to quickly move funds in and out of volatile cryptocurrencies while avoiding the cumbersome process of converting back to fiat.

<h2>What Benefits does USDT Provide?</h2>

<ul style="list-style-type:disc;"><li>Price Stability As a stablecoin, USDT's value remains anchored to the US Dollar, providing users with a haven during turbulent market conditions.</li><li>Speed and Efficiency USDT transactions are generally faster and more efficient compared to traditional banking systems, making it an attractive choice for international remittances and cross-border transactions.</li><li>Liquidity USDT is widely accepted across various cryptocurrency exchanges and platforms, ensuring high liquidity for users who want to buy, sell, or trade the stablecoin.</li><li>Decentralization USDT's presence on multiple blockchains adds to its decentralization and resilience, reducing the risk of single-point failures.</li><li>Anonymity While USDT transactions are recorded on the blockchain, user identities are not directly tied to the transactions, providing a certain level of privacy.</li></ul>

<h2>How to buy USDT in the easiest possible way?</h2>

To acquire USDT, one can explore various crypto exchanges, which serve as the easiest and swiftest means of purchasing digital assets.

Cryptal, too, provides a streamlined experience where you can purchase USDT with just a few clicks. Prior to that, it's essential to complete a simple registration process, which grants you access to the Spot Exchange and Convert Now functionality. If you require guidance on how to navigate the registration process, our blog:

<ul><li><a href="https://ge.cryptal.com/en/blog/How-to-Register">How do I register on Cryptal?</a></li></ul>

After going through the simple registration process, you can use two simple ways to buy USDT:

<ul><li><a href="https://ge.cryptal.com/ex/instant-trade/MATIC-GEL">Convert</a></li></ul>

With the Convert functionality, customers looking to buy or sell USDT can bypass the wait for a suitable counterparty to fulfil their request. This feature enables users to swiftly purchase or sell the desired amount of cryptocurrency directly from a crypto exchange at a fixed price. The transaction occurs instantaneously, and the acquired USDT or the proceeds from the sale are promptly transferred to the customer's digital wallet. This streamlined process eliminates the need for waiting and offers immediate access to Tether without relying on matching orders with other traders.

<ul><li><a href="https://ge.cryptal.com/ex/MATIC-USD">Spot Exchange</a></li></ul>

When you place a buy request for a specific amount of USDT on an exchange, it triggers a process where the exchange endeavors to match your request with a suitable counterparty. This involves connecting traders who are looking to buy with those who are willing to sell Tether.&nbsp;

The exchange aims to ensure that your request is fulfilled within a predetermined price range, facilitating a seamless transaction between the two parties. This matchmaking mechanism helps create a liquid marketplace where buyers and sellers can efficiently trade USDT and ensure that orders are executed as efficiently as possible.

Spot Exchange is a better way if you are experienced trader or planning to acquire crypto on a regular basis.

<h2>Summary: USDT an alternative to USD</h2>

Tether (USDT) has emerged as a dominant force in the world of stablecoins, offering users the benefits of cryptocurrencies coupled with the stability of fiat. Its multi-chain approach, price stability, and widespread acceptance have solidified its position as a go-to choose for investors, traders, and those seeking an alternative to traditional banking systems. Whether you're just stepping into the world of cryptocurrencies or are already well-versed in space, USDT presents a compelling option worth exploring.

Remember, before investing in any cryptocurrency, it's essential to conduct thorough research and consider your risk tolerance and investment goals.

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In this blog you will learn lot more about USDT than you expected, and it will be done in simple terms

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Simply: What is USDT (Tether)?

The Campaign has Ended.

Get exactly the same amount in TOUSD for your USDT, and withdraw it for free! No limits, no fees. Only from Cryptal!

Cash out your USDT for TOUSD using Instant Trade with no additional fees

1. Log into Cryptal.com 2. Click on Convert 3. Select TOUSD 4. Select USDT 5. Select Sell 6. Pick an amount to sell or enter your own custom amount 7. Click Sell Now!

How to Sell USDT for TOUSD: 

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Cash out your USDT for TOUSD using Convert with no limits and no additional fees. &nbsp;

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USDT 1:1 for TOUSD

USDT is the world’s most widely used stablecoin, pegged to the US dollar.&nbsp;

What is USDT?

Buy USDT on Cryptal via Visa/Mastercard, Convert, or spot trading.&nbsp;

How can I buy USDT?

It provides stability and liquidity for trading and transfers.&nbsp;

Why is USDT popular?

USDT is widely used but depends on issuer reserves and transparency.&nbsp;

Is USDT safe?

Yes - USDT works on multiple networks like TRC-20 and ERC-20.

Can I withdraw USDT?

Frequently Asked Questions about USDT

Buying USDT on Cryptal is quick, simple, and ideal for anyone who wants stable value without price fluctuation.

Sign up on Cryptal and complete identity verification to secure your account and unlock access to USDT purchases.

Registration & Verification

Deposit GEL, USD, or EUR using Visa/Mastercard cards, wire transfer, or cash. Once your balance is funded, you’re ready to Buy USDT at any time.

Top Up Your Balance

Select the method that fits your needs:<ul><li>Direct card purchase for instant access to Tether;</li><li><a href="https://cryptal.com/ex/convert/USDT-TOUSD">Convert</a> to exchange your existing assets for USDT in one click;</li><li>Spot Exchange to trade at the current USDT Price in real time.</li></ul>

Buy USDT

How to Buy USDT on Cryptal

Tether (often called by its short code USDT) is a cryptocurrency with tokens issued by Tether Limited, which in turn is controlled by the owners of Bitfinex. Tether is the most popular stablecoin, as it was originally designed to always be worth US$1.00, maintaining $1.00 in reserves for each tether issued.

Bitcoin (BTC or ₿) is a cryptocurrency and a digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto. It was released as open-source software in 2009. The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Since the system works without a central repository or single administrator, bitcoin is called the first decentralized digital currency.&nbsp;

Litecoin (LTC or Ł) is a peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Litecoin was an early bitcoin spinoff or altcoin, starting in October 2011. In technical details, Litecoin is nearly identical to Bitcoin. It is a source code fork of the Bitcoin Core client, differing primarily by having a decreased block generation time (2.5 minutes), increased maximum number of coins, different hashing algorithm (scrypt, instead of SHA-256), and a slightly modified GUI.Litecoin was released via an open-source client on GitHub on October 7, 2011. The Litecoin network went live on October 13, 2011.&nbsp;

Ethereum is a decentralized, open-source blockchain with smart contract functionality. Ether (ETH or Ξ) is the native cryptocurrency of the platform. Among cryptocurrencies, Ether is second only to Bitcoin in market capitalization. Ethereum was conceived in 2013 by programmer Vitalik Buterin. In 2014, development work commenced and was crowdfunded. The network went live on July 30, 2015. In September 2022, Ethereum's blockchain converted to Proof-of-Stake validation.&nbsp;Additionally, many other cryptocurrencies operate as ERC-20 tokens on top of the Ethereum blockchain and have utilized the platform for initial coin offerings, as do many NFTs and other smart contract projects.

Solana launched in 2017 during the ICO boom. Its first goal was to minimize the time it took to validate transactions, leading to its novel Proof-of-History algorithm.SOL is the native currency on the Solana blockchain and was released to the public in May 2020.&nbsp;

Aave (which means “ghost” in Finnish) was originally known as ETHLend when it launched in November 2017, and was renamed Aave in September 2018. It was one of the first crypto lending platforms to appear and currently has more than $12 billion in total value locked.

Cardano is a public blockchain platform. It is open-source and decentralized, with consensus achieved using proof of stake. It can facilitate peer-to-peer transactions with its internal cryptocurrency, Ada.Cardano was founded in 2015 by Ethereum co-founder Charles Hoskinson. The development of the project is overseen and supervised by the Cardano Foundation based in Zug, Switzerland. It is the largest cryptocurrency to use a proof-of-stake blockchain, which is seen as a greener alternative to proof-of-work protocols.

AXS is the governance token of the Axie Infinity ecosystem, giving holders rights to participate in votes and decide how funds are spent. Axie Infinity is a trading and battling game that allows players to collect, breed, raise, battle, and trade creatures known as "axies" (characters based on axolotl), which are digitized as NFTs. New players need to purchase at least three axies to begin playing. The game uses a "pay-to-earn" model (also called "pay-to-play-to-earn" model) where participants can earn a token which is traded on Binance as an Ethereum-based cryptocurrency.&nbsp;&nbsp;

Bitcoin Cash is a fork of Bitcoin that aims to be a true peer-to-peer electronic cash system. Bitcoin Cash was created in 2017 and features fast payments, low fees, privacy, and high transaction capacity.

BNB is the dedicated token for Binance exchange, issued on its own blockchain. It is an integral part of the BNB ecosystem and its subprojects.

Chiliz is a popular digital currency used for sports and entertainment fan clubs operated on the Socios platform. When fans purchase CHZ, they gain access to fan tokens and can claim a stake in their club.&nbsp;

The Compound mainnet launched in September 2018, and has become extremely popular due to its open and flexible lending platform. It currently has more than $8 billion in total value locked.

Dai (or DAI) is a stablecoin cryptocurrency that aims to keep its value as close to one United States dollar (USD) as possible through an automated system of smart contracts on the Ethereum blockchain. Dai is maintained and regulated by MakerDAO, a decentralized autonomous organization (DAO), who may vote on changes to certain parameters in its smart contracts in order to ensure the stability of Dai.Together, Dai and MakerDAO are considered the first examples of decentralized finance to receive significant adoption.

Dogecoin is a cryptocurrency forked from Litecoin in 2013 and based on the popular Doge internet meme.&nbsp;

The Graph is an indexing protocol that queries blockchain data from networks such as Ethereum and the InterPlanetary File System (IPFS). Open APIs, called subgraphs, can be developed by anyone to make data from Graph-supported networks easily accessible. GRT is an ERC20 token used to allocate resources on these networks.&nbsp;

Chainlink is a decentralized blockchain oracle network built on Ethereum. The network is intended to be used to facilitate the transfer of tamper-proof data from off-chain sources to on-chain smart contracts. Its creators claim it can be used to verify whether the parameters of a smart contract are met in a manner independent from any of the contract's stakeholders by “connecting the contract directly to real-world data, events, payments, and other inputs.”LINK is an ERC677 token, an extension of ERC20. According to Chainlink, the trade value derived from these tokens is used to pay node operators for retrieving data from smart contracts, and also for deposits placed by node operators as required by contract creators. Tokens can be stored in any ERC20 wallet, as the ERC677 token retains all the functionality of an ERC20 token.

Decentraland launched its beta in 2019, following its $24 million ICO in 2017, and opened its platform publicly in February 2020. The premise of the platform is to support content creators who are looking for a new artistic medium, opportunity, or simply entertainment.

The Sandbox was launched in 2011 by Pixowl, and was an early pioneer of blockchain-based gaming. Many big-name gaming, entertainment, and sports industry brands have lent their support to the platform, including Atari, Adidas, and Snoop Dogg.

The Shiba Inu token (SHIB) is a decentralized cryptocurrency characterized as a "meme coin" and created by an anonymous person or group known as Ryoshi. It is named after the Shiba Inu (柴犬), a Japanese breed of dog originating in the Chūbu region, the same breed that is depicted in Dogecoin's symbol, itself originally a satirical cryptocurrency based on the Doge meme.&nbsp;Shiba Inu was created in August 2020, dubbing itself the “Dogecoin killer.” On May 13, 2021, Vitalik Buterin donated more than 50 trillion SHIB to the India COVID-Crypto Relief Fund.

Uniswap is a popular decentralized trading protocol that facilitates automated trading of DeFi tokens. UNI is an ERC20 token on the Ethereum blockchain that offers control over the Uniswap protocol governance, the UNI token community treasury, the protocol fee switch (0.05% of the fee would be collected by UNI token holders if activated), eth ENS, Uniswap default token list (tokens.uniswap.eth), and SOCKS liquidity tokens.

USD Coin (USDC) launched in September 2018 as a stablecoin pegged to the U.S. dollar at 1:1 basis. Every USD Coin in circulation is backed by $1 held in reserve, of both cash and short-term U.S. Treasury bonds. The Centre consortium created USDC and it is issued by regulated financial institutions.USD Coin’s mantra is “digital money for the digital age” as allows businesses to accept payments in digital assets, with a goal to create an ecosystem where USDC is accepted by as many wallets, exchanges, service providers and dApps as possible.

Stellar was released in 2014 by Jed McCaleb and Joyce Kim, and originally based on the Ripple protocol.&nbsp;

Ripple (XRP) was founded in 2012 by Jed McCaleb and Chris Larsen. Compared to other cryptocurrencies, Ripple takes much less energy and time to confirm transactions.

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Block Explorer

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Website

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White Paper

Polygon is a layer-2 scaling solution with side-chains for off-chain computation, while ensuring asset security using the Plasma framework and a decentralized network of Proof-of-Stake (PoS) validators. It aims to offer scalable and instant blockchain transactions.&nbsp;MATIC is an ERC20 token used to pay for services on the Polygon Network, but also serves as a settlement currency between users who operate within the Polygon ecosystem.

Terra started in 2018, and its mainnet was launched in 2019. The LUNA token is used to stabilize the Terra protocol's stablecoins, and its holder are able to submit and vote on governance proposals.&nbsp;The Terra blockchain officially halted at block 7607789 in May 2022. The original Terra Chain has been rebranded as Terra Classic (LUNC).&nbsp;

Binance USD (BUSD) launched in September 2019 by Binance and Paxos and is a 1:1 USD-backed stablecoin. The New York State Department of Financial Services (NYDFS) approved and regulates BUSD, and its Monthly Audit Report can be viewed on its official website.&nbsp;Paxos has indicated that 96% of the assets backing BUSD are held in cash and cash equivalents, while 4% are invested in U.S. Treasury bills, as of June 30, 2022.

Fasttoken (FTN) serves as the primary crypto asset of the Bahamut blockchain, a public, EVM-compatible layer-1 network built on a distinctive Proof of Stake and Activity (PoSA) consensus model. Within the Bahamut ecosystem, FTN is essential for powering native and liquid staking, facilitating block validation, and supporting cross-chain interactions. It is also a key asset in the broader Fastex ecosystem, with applications spanning multiple industries, including iGaming and decentralized finance (DeFi) platforms.