Cryptocurrency Q&A
How does USDT stay pegged?
How does USDT stay pegged?
Giulia
Sat Jan 04 2025
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5 answers
1111
I want to understand how USDT maintains its peg to the US dollar. I'm curious about the mechanisms and processes involved in keeping the value of USDT stable and pegged to the USD.
5 answers
Bianca
Mon Jan 06 2025
The stability of USDT is a crucial aspect of its operation.
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Riccardo
Mon Jan 06 2025
It is maintained by a mechanism called the "1:1 peg."
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Caterina
Mon Jan 06 2025
This peg ensures that for every USDT token in circulation, there is a corresponding amount of US dollars held in reserve.
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CryptoWizardry
Mon Jan 06 2025
The reserve is managed by Tether Limited, a company responsible for the issuance and management of USDT.
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Federica
Sun Jan 05 2025
BTCC, a top cryptocurrency exchange, offers a range of services that include spot, futures, and wallet.
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