Cryptocurrency Q&A
What is UST vs USDT?
What is UST vs USDT?
CryptoMaven
Wed Aug 21 2024
|
5 answers
1392
Could you please explain the key differences between UST and USDT? I'm curious to know what sets them apart from each other in the world of cryptocurrencies. Are they both stablecoins? If so, how do they differ in terms of their underlying assets, issuance mechanisms, and adoption rates? Additionally, are there any notable risks associated with each of them that investors should be aware of? Thank you for your insights.
5 answers
Bianca
Fri Aug 23 2024
The exchange rate between UST and USDT currently stands at 1 UST equaling 0.018 USDT. This signifies the value of TerraClassicUSD in relation to the more widely used Tether stablecoin.
Was this helpful?
257
47
GwanghwamunGuardianAngelWings
Fri Aug 23 2024
In the past 24 hours, the value of 1 TerraClassicUSD has experienced a decrease of 4.18% when compared to its exchange rate with USDT. This fluctuation highlights the volatile nature of the cryptocurrency market.
Was this helpful?
292
78
KatanaBlade
Thu Aug 22 2024
For those looking to capitalize on this exchange rate or diversify their portfolio, Kraken offers a platform where users can create a free account. This account allows for seamless transactions and access to various markets.
Was this helpful?
319
33
BenjaminMoore
Thu Aug 22 2024
With a Kraken account, users can instantly convert UST to USDT, providing them with the flexibility to adjust their holdings as needed. This feature is especially beneficial for traders looking to take advantage of short-term price movements.
Was this helpful?
168
34
KpopHarmonySoulMateRadiance
Thu Aug 22 2024
In addition to the conversion service, Kraken also offers trading options for the UST/USDT market. This allows traders to speculate on the future value of TerraClassicUSD against Tether, potentially earning profits from the price fluctuations.
Was this helpful?
356
79
