Cryptocurrency Q&A Why is my USDT fluctuating?

Why is my USDT fluctuating?

CryptoProphet CryptoProphet Thu Nov 21 2024 | 5 answers 1129
I've noticed that my USDT holdings have been fluctuating recently. I'm wondering why this stablecoin, which is supposed to maintain a stable value, is experiencing such volatility. Could there be external factors affecting its price stability? Why is my USDT fluctuating?

5 answers

KDramaLegendary KDramaLegendary Sat Nov 23 2024
Specifically, one United States dollar is equivalent to exactly one hundred cents.

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MysticEchoFirefly MysticEchoFirefly Sat Nov 23 2024
In contrast, the stability of the US dollar does not extend to all digital currencies.

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HallyuHeroLegendaryStar HallyuHeroLegendaryStar Sat Nov 23 2024
For instance, the value of USDT, a type of cryptocurrency, is not fixed.

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Lorenzo Lorenzo Sat Nov 23 2024
The value of the US dollar is consistent in its smallest denomination.

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CryptoAlchemy CryptoAlchemy Sat Nov 23 2024
BTCC, a prominent cryptocurrency exchange, offers a range of services including spot, futures, and wallet options. Like other digital currencies, the value of USDT traded on BTCC can vary.

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