All stable coin kept at 1 USD. They are used for ease of international payments and any payments. And much quicker less expensive than bank wires.
The founders owners of Tether (USDT) are billionaires. Tether is number one stable coin and going gangbusters. Tether remains US Dollar stable while bitcoin is down 50%.
Bitcoin is primarily an investment. But is also used for payments.
wow, didnt realize bitcoin was down that much- Thanks for the info-
How did the holders of tether make money with it?