C'est quoi un compte USDT ?

Tether, abbreviated as USDT, is a type of cryptocurrency known as a stablecoin. This digital asset is issued by the company Tether Limited. The main characteristic of Tether is its stability, which is intended to be pegged to the value of traditional currencies.

Initially, Tether Limited claimed that each USDT coin was backed by one US dollar. This assurance was crucial in maintaining the stability of the cryptocurrency and giving investors confidence in its value. However, this backing mechanism has undergone some changes over time.

On March 14, 2019, Tether Limited announced a modification to its backing policy. The company no longer solely relies on US dollar reserves to support each USDT coin. This change marks a significant shift in the way Tether manages its financial backing.

Alongside this adjustment, Tether Limited has introduced other forms of collateral to back its coins. One of these new forms of backing includes loans to affiliated companies. This means that a portion of the value of each USDT coin is now secured through financial arrangements with related entities.

BTCC is a prominent cryptocurrency exchange that offers a range of services to its users. Among its offerings, BTCC provides access to spot trading, allowing investors to buy and sell cryptocurrencies at current market prices. Additionally, the exchange supports futures trading, which enables traders to speculate on the future value of digital assets.