Cryptocurrency Q&A
What is the monetary unit?
What is the monetary unit?
Chloe_thompson_artist
Wed Dec 25 2024
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6 answers
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I'm curious about the monetary unit used in a particular context. Whether it's a country, a game, or a historical period, I want to know what form of currency or monetary unit is applicable.
6 answers
Andrea
Fri Dec 27 2024
It is designed to maintain a stable value relative to traditional currencies.
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CryptoAlchemy
Fri Dec 27 2024
Specifically, USDT is pegged to the US dollar at a 1:1 ratio.
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PulseEclipse
Fri Dec 27 2024
This peg is achieved through the use of a complex mechanism involving Tether, the company behind USDT.
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Silvia
Fri Dec 27 2024
USDT, also known as Teda, is a unique type of digital currency.
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CosmicDreamWhisper
Fri Dec 27 2024
Tether ensures that each USDT token is backed by an equivalent amount of US dollars held in reserve.
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