
How does USDT crypto work?
USDT, a stablecoin backed by the US dollar, works by maintaining a 1:1 ratio with USD. It allows users to store and transfer value with the stability of fiat currency and the benefits of blockchain technology. USDT is issued by Tether, which claims to hold corresponding USD reserves for each USDT issued, ensuring its price stability.


How does USDT minting work?
USDT minting works through a process where users deposit US dollars into Tether Limited's accounts. In response, Tether issues an equivalent amount of USDT on the blockchain. This mechanism ensures a 1:1 peg to the US dollar, maintaining stability. When users want to redeem USDT for US dollars, they can exchange it back, and Tether burns the corresponding USDT from circulation.


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