Cryptocurrency Q&A
Is 1 USD equal to 1 USDT?
Is 1 USD equal to 1 USDT?
BonsaiLife
Thu Oct 03 2024
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7 answers
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Excuse me, but I'm a bit confused about something regarding cryptocurrencies. Could you clarify for me if 1 USD is indeed equal to 1 USDT? I've heard that USDT is a stablecoin meant to maintain a 1:1 peg with the US dollar, but I want to make sure I understand correctly. Is there any circumstance where this equivalence might not hold true? Or is the relationship between the two essentially fixed and unchanging? Thank you for your help in clearing this up.
7 answers
Andrea
Sat Oct 05 2024
The stability of the USD to USDT exchange rate is a testament to Tether's ability to maintain a close peg to the US Dollar, providing a reliable store of value for investors and traders alike.
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FireflySoul
Sat Oct 05 2024
The current exchange rate between USD and USDT stands at 1 USD equaling 1.00 USDT, indicating a stable parity between the two currencies.
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KDramaLegend
Sat Oct 05 2024
The slight appreciation of the USD against USDT over the past 24 hours may be attributed to various market factors, including shifts in demand and supply dynamics, as well as broader macroeconomic trends.
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MoonlitCharm
Sat Oct 05 2024
Over the past 24 hours, the value of 1 United States Dollar has appreciated by a marginal +0.04% against the Tether (USDT) exchange rate, showcasing a slight upward trend.
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HanjiArtistryCraftsmanship
Sat Oct 05 2024
As a leading cryptocurrency exchange, BTCC offers a comprehensive suite of services that cater to the diverse needs of its clients. These services include spot trading, futures trading, and a secure wallet solution, among others.
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