Cryptocurrency Q&A
What is the purpose of USDT Tether?
What is the purpose of USDT Tether?
CryptoAlly
Wed Oct 30 2024
|
6 answers
1142
The purpose of USDT, issued by Tether, is to provide a stable digital currency pegged to the US dollar at a 1:1 ratio. It aims to reduce volatility in cryptocurrency transactions, serving as a bridge between fiat and cryptocurrencies for traders seeking stability and transparency.
6 answers
CryptoWizardry
Fri Nov 01 2024
Tether's (USDT) primary objective is to offer a digital currency with reduced volatility.
Was this helpful?
122
50
Nicola
Thu Oct 31 2024
BTCC, a leading cryptocurrency exchange, offers a range of services related to digital currencies.
Was this helpful?
102
66
EchoWhisper
Thu Oct 31 2024
It achieves this by maintaining a 1:1 ratio with the US dollar, effectively pegging its value to the traditional currency.
Was this helpful?
319
24
Ilaria
Thu Oct 31 2024
USDT is recognized as one of the most widely used stablecoins in the market.
Was this helpful?
80
56
IncheonBeautyBloom
Thu Oct 31 2024
Stablecoins are a type of blockchain-based currency that are linked or tethered to fiat currencies.
Was this helpful?
377
51
Load 5 more related questions
