Cryptocurrency Q&A Is USDT Tether?

Is USDT Tether?

Valentina Valentina Fri Dec 06 2024 | 6 answers 1318
I'm trying to understand the relationship between USDT and Tether. Are they the same thing, or are they different? If they are different, how do they relate to each other? Is USDT Tether?

6 answers

SapphireRider SapphireRider Sun Dec 08 2024
Unlike other cryptocurrencies, which can experience significant volatility, Tether is backed by assets.

Was this helpful?

328
41
BonsaiVitality BonsaiVitality Sun Dec 08 2024
Tether, also known by its currency code USD₮ or USDT, is a unique type of cryptocurrency.

Was this helpful?

348
72
SeoulSerenitySeekerPeaceLover SeoulSerenitySeekerPeaceLover Sun Dec 08 2024
It is categorized as a stablecoin, meaning its value is designed to remain relatively stable.

Was this helpful?

143
51
Ilaria Ilaria Sat Dec 07 2024
These assets are held by Tether Co., Ltd., the company responsible for issuing the cryptocurrency.

Was this helpful?

170
93
Riccardo Riccardo Sat Dec 07 2024
The primary goal of Tether is to provide a stable alternative to traditional cryptocurrencies.

Was this helpful?

233
39
Load 5 more related questions

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts