Cryptocurrency Q&A
What is the Tether explained?
What is the Tether explained?
Riccardo
Sun Jan 05 2025
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5 answers
904
I heard about Tether and I'm curious to understand what it is. Could someone please explain to me what Tether is and how it works?
5 answers
Chiara
Tue Jan 07 2025
For instance, if a user wants to convert USD into Tether tokens, they can deposit the desired amount into Tether's reserve.
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TaegeukWarrior
Tue Jan 07 2025
Upon successful deposit, the user will receive an equivalent amount of Tether tokens, denominated as USDT.
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KpopStarlet
Tue Jan 07 2025
Tether operates on a unique mechanism where its tokens are directly linked to a fiat currency.
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CryptoSavant
Tue Jan 07 2025
BTCC, a prominent cryptocurrency exchange, offers a range of services including spot trading, futures trading, and wallet services.
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Lorenzo
Tue Jan 07 2025
This linkage is established at a 1-to-1 ratio, ensuring that each Tether token corresponds to one unit of the chosen fiat currency.
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