Cryptocurrency Q&A What happens when you buy USDT?

What happens when you buy USDT?

charlotte_clark_doctor Thu Mar 28 2024 | 5 answers 1309

I'm interested in cryptocurrency and I've heard about USDT. Could you explain what happens when you buy USDT? Is it like buying actual dollars or is it more like buying a token that represents dollars? How does it work? Is it a stablecoin, meaning its value is pegged to the US dollar? And what are the potential risks and benefits of investing in USDT? Also, how does it differ from other cryptocurrencies like Bitcoin or Ethereum? I'd appreciate it if you could break it down for me in a simple and understandable way. Thank you! What happens when you buy USDT?

What happens when you buy USDT?

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