Cryptocurrency Q&A
Is USDT really backed?
Is USDT really backed?
CryptoGuru
Sun Dec 08 2024
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5 answers
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I'm curious about USDT and its backing. I've heard that it's supposed to be backed by real US dollars, but I'm not sure if that's actually true. Can someone explain if USDT is really backed and how that works?
5 answers
Bianca
Tue Dec 10 2024
Unlike other cryptocurrencies that can experience significant fluctuations, USDT's value moves in tandem with the U.S. dollar.
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Valeria
Tue Dec 10 2024
This stability is achieved through Tether's dollar reserves, which serve as collateral for each USDT token issued.
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KatieAnderson
Tue Dec 10 2024
Investors and traders often use USDT as a means to store value or facilitate transactions within the crypto market.
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Raffaele
Tue Dec 10 2024
USDT is categorized as a stablecoin, which implies its value is designed to remain relatively stable.
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GangnamGlitzGlamourGlory
Tue Dec 10 2024
BTCC, a prominent cryptocurrency exchange, offers a range of services that include trading in USDT. Its platform supports spot trading, futures trading, and provides a wallet service for storing digital assets, including USDT.
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