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What is USDT (USDT)?

Tether (USDT) is one of the most famous stablecoins; it is a form of crypto that is pegged to the U.S. dollar, serving as a common cryptocurrency for further crypto trading. If you are new to the crypto market, getting USDT would be one of the gateways to the market.

What is Tether (USDT)?

Tether (USDT) is a cryptocurrency designed for each token to be represented by an underlying US dollar. Each USDT token is pegged to a US dollar that is held in Tether Limited’s reserve balance and can be obtained through the Tether platform. Tether has been issued on the Omni, Ethereum, Tron, EOS, Liquid and Algorand blockchains ( Source ).

Who is the centralized authority for USDT?

If you have a debit card or credit card in your wallet, the issuing bank or company is the centralized authority. For USDT, the Tether tokens are issued by Hong-Kong-based Tether Limited, which, in turn, is controlled by Bitfinex/iFinex Inc.

How do I buy USDT?

How Do I Buy USDT? Tether tokens can be bought and sold on cryptocurrency exchanges including Binance, CoinSpot, Bitfinex, and Kraken. Is Tether a Stablecoin?

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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