Cryptocurrency Q&A
What is Tether in trading?
What is Tether in trading?
Fri Jan 10 2025
|
7 answers
1454
I heard about Tether in trading but I'm not sure what it is. I want to understand what Tether means in the context of trading and how it works.
7 answers
Sun Jan 12 2025
BTCC is a prominent cryptocurrency exchange that offers a range of services related to digital assets.
Was this helpful?
66
61
Sun Jan 12 2025
The cryptocurrency aims to maintain a stable price by anchoring its value to a specific fiat currency.
Was this helpful?
329
95
Sun Jan 12 2025
This is achieved by ensuring that Tether holds sufficient reserves of the underlying currency.
Was this helpful?
49
56
Sun Jan 12 2025
By doing so, the value of Tether is theoretically kept in line with the value of the fiat currency it is pegged to.
Was this helpful?
394
47
Sun Jan 12 2025
Tether is a digital asset designed to mimic the value of traditional currencies.
Was this helpful?
65
81
Load 5 more related questions
