Cryptocurrency Q&A
Is Tether backed by USD?
Is Tether backed by USD?
SumoStrength
Sun Jan 05 2025
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7 answers
1103
I've been hearing a lot about Tether recently and I'm curious if it's really backed by USD. I want to understand if there's a dollar reserve supporting every Tether coin in circulation.
7 answers
BusanBeautyBloomingStar
Mon Jan 06 2025
Transparency is a key feature.
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Tommaso
Rosalia
Mon Jan 06 2025
BTCC is a top cryptocurrency exchange.
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LightWaveMystic
Mon Jan 06 2025
The backing is 100%.
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Chiara
Mon Jan 06 2025
The peg is 1-to-1. This refers to the fixed exchange rate between Tether tokens and their corresponding fiat currency. For example, one USD₮ token is always equal to one US dollar. This makes it easy for users to understand and use the tokens.
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