Cryptocurrency Q&A
What is the max supply of Tether coins?
What is the max supply of Tether coins?
Stefano
Mon Oct 14 2024
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5 answers
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Tether coins, also known as USDT, are stablecoins pegged to the value of the US dollar. The maximum supply of Tether coins is not fixed as it can be increased or decreased based on market demand and the company's reserve holdings. However, the circulating supply of USDT can be tracked on various cryptocurrency platforms to get a real-time estimate of the current supply in the market.
5 answers
Luca
Wed Oct 16 2024
USDT's stability has made it a popular choice among traders and investors who are looking to hedge against the volatility of traditional cryptocurrencies. By using USDT, traders can maintain a stable value for their holdings while still participating in the cryptocurrency market.
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Martina
Wed Oct 16 2024
USDT, or Tether, is a stablecoin that aims to maintain a 1:1 peg with the US dollar. This means that each USDT token is designed to have a value equivalent to one US dollar. Consequently, it offers a stable and reliable alternative to traditional cryptocurrencies that are subject to high volatility.
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Giuseppe
Wed Oct 16 2024
BTCC, a top cryptocurrency exchange, offers a range of services that cater to traders and investors looking to use USDT. Among these services are spot trading, which allows users to buy and sell USDT directly, and futures trading, which allows users to speculate on the future price of USDT. BTCC also provides a secure wallet service for storing USDT and other cryptocurrencies.
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CryptoAlly
Wed Oct 16 2024
One of the key factors contributing to USDT's stability is its large circulating supply. Currently, there are 119.74 billion USDT coins in circulation, ensuring that there is sufficient liquidity to meet market demand. This large supply also helps to prevent price manipulation and maintain the stability of the token's value.
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CryptoMystic
Wed Oct 16 2024
In addition to its circulating supply, USDT also has a max supply that is equal to its current circulating supply. This means that there will be no new USDT tokens created in the future, further contributing to the token's stability. This fixed supply also helps to prevent inflation, which can negatively impact the value of traditional fiat currencies.
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