GeishaCharming
Wed Mar 27 2024
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6 answers
1660
Is USDT safe to trade?
As a trader interested in cryptocurrency, I've been hearing a lot about USDT lately. I understand it's a stablecoin pegged to the value of the US dollar, but I'm still a bit confused about its safety. With so many cryptocurrencies and exchanges being hacked these days, I'm worried about the security of my investments. So, my question is, is USDT safe to trade? Are there any known security vulnerabilities or hacks involving USDT that I should be aware of? And what measures can I take to ensure the safety of my USDT holdings? I'd appreciate it if you could provide some insights into this matter. After all, as a trader, it's crucial for me to understand the risks involved and take necessary precautions to protect my investments.
Alessandro
Wed Mar 27 2024
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6 answers
1771
Why do people trade USDT?
I'm curious, why do people choose to trade USDT? It seems like a stablecoin, meant to maintain a relatively fixed value relative to the US dollar. Isn't that the case? If so, what's the attraction of trading it instead of just holding onto regular dollars? Is it the convenience of using it across different blockchains or the speed of transactions? Or is there something else that makes USDT an appealing option for traders?
