Cryptocurrency Q&A Is USDT backed by real money?

Is USDT backed by real money?

KatanaSwordsmanship Thu Mar 28 2024 | 7 answers 1186

I've heard a lot about USDT, but I'm still a bit confused. Is USDT really backed by real money? Or is it just a digital token with no actual value? And if it is backed by real money, how do we know it's true? Are there any audits or verifications done to ensure its solvency? I'm just trying to understand the mechanics behind it and make sure my investments are safe. Could you please clarify this for me? Is USDT backed by real money?

Is USDT backed by real money?

usdt backed real money

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