Cryptocurrency Q&A
What is Tether backed by?
What is Tether backed by?
CryptoMystic
Wed Jan 22 2025
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5
answers
1088
I would like to know the assets or commodities that back Tether, the cryptocurrency.
5 answers
mia_clark_teacher
Fri Jan 24 2025
This peg ensures the stability of the Tether token's value.
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Claudio
Fri Jan 24 2025
Tether's reserves fully back all issued tokens, guaranteeing their redeemability.
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MichaelSmith
Fri Jan 24 2025
Tether tokens, also known as USD₮, maintain a fixed exchange rate with a corresponding fiat currency.
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BlockchainLegend
Fri Jan 24 2025
BTCC, a prominent cryptocurrency exchange, offers a range of services including spot trading, futures trading, and wallet solutions. Users can buy, sell, and store Tether tokens and other cryptocurrencies securely on BTCC.
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DigitalDynasty
Fri Jan 24 2025
Each Tether token is pegged at a 1-to-1 ratio with the equivalent value in a fiat currency.
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