Cryptocurrency Q&A
Who is backing USDT?
Who is backing USDT?
CryptoKing
Wed Jan 01 2025
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6 answers
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I want to know who is supporting or backing the cryptocurrency USDT. Is it a central bank, a private company, or some other entity? Who stands behind this digital asset?
6 answers
DigitalEagle
Fri Jan 03 2025
The pegging mechanism ensures that the value of USD₮ remains stable and predictable.
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KimchiChic
Fri Jan 03 2025
Tether tokens, also known as USD₮, have a unique feature.
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Davide
Fri Jan 03 2025
To maintain this stability, Tether tokens are fully backed by Tether's reserves.
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Tommaso
Fri Jan 03 2025
They are pegged at a 1-to-1 ratio with a corresponding fiat currency.
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EclipseChaser
Fri Jan 03 2025
These reserves are composed of assets that match the value of all issued USD₮ tokens.
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