A stablecoin in plain words
Ordinary cryptocurrency changes in price every day, and sending money in it means taking on currency risk for the duration of the transfer. A stablecoin solves exactly that: its price is pegged to the dollar, and one coin is always worth roughly one dollar.
USDT is the most widespread of such tokens. It is not made for earning on it: its value is in predictability rather than in growth.
What backs it
The issuing company is responsible for putting USDT into circulation and states that every coin is backed by reserves — cash and short-term obligations. Reports on the composition of the reserves are published, and they are regularly disputed.
For a transfer this is background rather than a practical question: the coin is with you for minutes or hours. Keeping savings in it for years is a decision of a different order and has to be judged separately.
Which task it solves
-
It bypasses the banking chain
The transfer goes directly between wallets: there are no intermediary banks, each with its own fee, on the route.
-
It knows no schedule
It works at night, on weekends and on holidays — unlike bank transfers.
-
The fee does not grow with the amount
The charge is taken by the network and depends on the load rather than on the size of the transfer.
-
A dollar equivalent
It lets you hold an amount pegged to the dollar without a currency account at a bank.
Where its weak spots are
An honest conversation about USDT is impossible without the other half. There are three weak spots, and all of them are practical.
- Two conversions — rubles into coins and coins into the recipient's currency — the rate applies twice, and that is where money is lost
- Irreversibility — a mistake in the address or the network means a loss: a transaction cannot be cancelled
- The other end is needed — the recipient either has to be able to handle coins or to have someone who will exchange them for them
USDT and an ordinary dollar
| Feature | A dollar in an account | USDT |
|---|---|---|
| Who guarantees it | The bank and the deposit insurance system | The issuing company |
| Transfer speed | Business days | Minutes, around the clock |
| The transfer fee | Depends on the banks in the chain | A network fee, independent of the amount |
| Can it be cancelled | Sometimes before execution | No |
| The price in rubles | The official Central Bank rate | An exchange quote, usually higher |
How it works with us
For us USDT is a working tool for transfers rather than an investment. We exchange rubles and currency for coins and back, take the rate from an exchange and lock it before payment, and the fee is 1%.
If the recipient does not want to deal with wallets, the coin step stays on our side: the person gets local currency in cash or to an account.
-
The rate from an exchange
The one the coin trades at, not derived from the Central Bank dollar.
-
A wallet is not required
The recipient can take the money in currency — the exchange stays on our side.
-
From 15 minutes
The route does not depend on a banking schedule.
