Cryptocurrency Q&A
Which blockchain is USDT?
Which blockchain is USDT?
Giulia
Mon Aug 12 2024
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7 answers
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Excuse me, could you please clarify something for me? I'm a bit confused about the relationship between blockchains and cryptocurrencies. Specifically, I've heard of USDT, which is a stablecoin pegged to the US dollar. But I'm wondering, which blockchain does USDT actually run on? Is it Ethereum? Bitcoin? Or perhaps it's built on a completely different blockchain altogether? I'd appreciate it if you could help me understand this better.
7 answers
Rosalia
Tue Aug 13 2024
Tether (USDT) is a cryptocurrency that operates on the principle of being fully backed by traditional fiat currency, specifically the US dollar.
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Davide
Tue Aug 13 2024
The Omni Layer is a secondary protocol built on top of the Bitcoin blockchain, allowing for the creation and trading of various digital assets, including Tether.
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Maria
Tue Aug 13 2024
However, with the growth and diversification of the cryptocurrency ecosystem, Tether has expanded its reach and can now be issued on various blockchain networks that it supports.
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TaekwondoMasterStrengthHonor
Tue Aug 13 2024
Every single Tether token in circulation is guaranteed to be backed by an equivalent value of US dollars held in reserve.
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KDramaLegendaryStar
Tue Aug 13 2024
BTCC, a UK-based cryptocurrency exchange, offers a wide range of services to its users, including trading in Tether and other cryptocurrencies.
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