Quickbit expands cryptocurrency offering with stablecoin, adding Tether (USDT)
Quickbit App, which previously supports the use of seven cryptocurrencies, now also supports the use of Tether (USDT). Tether follows the value of the US dollar and is classified as a stablecoin.Tether was launched 2014 and is the third largest cryptocurrency in the world in terms of market value*. What distinguishes Tether is that it is a stablecoin, the value of which is linked to the USD. This means that its volatility is in line with US dollars. Expanding the offering of cryptocurrencies to include Tether is an important step in Quickbit's efforts to continue to simplify the use of