Cryptocurrency Q&A
Is USDT built on Ethereum?
Is USDT built on Ethereum?
Daniela
Sat Dec 28 2024
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6 answers
1247
I'm curious about the technical background of USDT. Specifically, I want to know if USDT is built on the Ethereum platform. Is there a direct connection or association between these two technologies?
6 answers
ethan_harrison_chef
Mon Dec 30 2024
Tether (USDT) operates as an Ethereum token specifically designed to maintain a stable value.
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GeishaCharming
Mon Dec 30 2024
This stability is achieved by pegging the token's value to the U.S. dollar, earning it the classification of a stablecoin.
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Giulia
Mon Dec 30 2024
The issuer of Tether asserts that each USDT token is supported by corresponding reserves and loans held in banks.
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SolitudeSerenade
Mon Dec 30 2024
These reserves are intended to match or even surpass the total value of USDT tokens in circulation.
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emma_grayson_journalist
Sun Dec 29 2024
This approach aims to ensure that the value of USDT remains relatively consistent and predictable.
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