Tether is more like USD in crypto world. Most traders in the crypto currency market have noticed that tether is not a coin to invest in but rather a coin that could be used as a back up when the market is in its dip. By dip I mean when most coins are losing their value. This is because tether price never falls below $0.9 and also not above $1.2 or 1.5
As a trader if I have BTC in my wallet and the price of BTC is dropping (remember price is the purchase power), I will only do myself good by saving my BTC in tether (i.e. buying USDT) which have only slight change in price. when the price is at its deepest price (from your experience as a trader you should know this), you buy BTC again; now you will be getting more BTC coin because you bought at a cheap rate and when the price (purchasing power) grows back to normal you can use it to continue your trading.
In other words USDT is a backup coin in the market and also used when supposed to pulse in trading to save and also get even more gain.
I hope this helps? If you have any more or want to add to this (anyone at all) please do we are all here to learn and earn.
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Thanks RichardGerald
got it! this is the answer i'm looking for.
it makes sense to use USDT as a hedge and to park your earnings to buy low. but why not park it into USD instead of USDT? it seems like it would serve the same purpose. if you're concerned that the market will go down then sell off your btc for fiat USD, then buy back at the dip. is there a reason why USDT is favored over USD?
thanks. followed.