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CryptoKing CryptoKing Fri Jun 07 2024 | 7 answers 1585

Why is USDT so expensive?|1. : During periods of high market volatility, traders may prefer to hold their funds in a stablecoin like USDT rather than a volatile cryptocurrency like Bitcoin. This can lead to increased demand for USDT, as traders seek to protect their funds from potential losses.Market volatility

Why exactly is USDT priced so high? Could you please elaborate? Firstly, it seems that during times of intense market fluctuations, traders tend to favor holding their assets in stablecoins like USDT instead of volatile cryptocurrencies like Bitcoin. This behavior presumably spikes the demand for USDT as traders strive to safeguard their capital from potential losses. Could market volatility be a significant factor driving up the price of USDT?

Why is USDT so expensive?|1. : During periods of high market volatility, traders may prefer to hold their funds in a stablecoin like USDT rather than a volatile cryptocurrency like Bitcoin. This can lead to increased demand for USDT, as traders seek to protect their funds from potential losses.Market volatility

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