Cryptocurrency Q&A
Does tether run on Ethereum?
Does tether run on Ethereum?
MountFujiMystic
Fri Jan 03 2025
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5 answers
1158
I heard that tether is a cryptocurrency, and I know Ethereum is a popular blockchain platform. I'm wondering if tether runs on the Ethereum blockchain or if it has its own independent blockchain.
5 answers
InfinityRider
Sun Jan 05 2025
The issuer of Tether asserts that every USDT token in circulation is supported by corresponding bank reserves and loans. This mechanism aims to ensure that the value of USDT remains consistently tethered to the U.S. dollar.
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Giuseppe
Sun Jan 05 2025
By maintaining this peg, Tether provides a level of stability and predictability that many investors find appealing in the otherwise volatile cryptocurrency market.
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Davide
Sun Jan 05 2025
BTCC, a prominent cryptocurrency exchange, offers a range of services that cater to the needs of both casual and advanced traders. Among these services are spot trading, futures trading, and a secure wallet solution. With BTCC, users can buy, sell, and manage their Tether holdings seamlessly.
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SsamziegangSerenadeMelody
Sun Jan 05 2025
Tether (USDT) represents a unique concept in the cryptocurrency world.
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CryptoEnthusiast
Sun Jan 05 2025
It is an Ethereum token specifically designed to maintain a stable value, equivalent to that of a U.S. dollar. This characteristic earns it the classification of a stablecoin.
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