Cryptocurrency Q&A
What coins are USDT?
What coins are USDT?
CherryBlossomFall
Tue Nov 26 2024
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7 answers
1523
I want to know about USDT coins. What are they and how do they work in the cryptocurrency world? I'm looking for a brief explanation of USDT's background and its role in digital currency transactions.
7 answers
Carlo
Thu Nov 28 2024
Tether (USDT) is classified as a “Stablecoin”, a unique type of cryptocurrency designed to maintain a stable price.
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Silvia
Thu Nov 28 2024
The main objective of a stablecoin is to provide a price point that remains consistent over time.
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ShintoBlessed
Wed Nov 27 2024
USDT, specifically, was developed by a company called Tether Limited.
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Leonardo
Wed Nov 27 2024
This means that for every USDT in circulation, there is a corresponding $1.00 USD held in reserve.
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CoinMasterMind
Wed Nov 27 2024
The purpose of USDT is to serve as a digital equivalent of the US Dollar.
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