Cryptocurrency Q&A
What is the difference between USD and USDT in Binance?
What is the difference between USD and USDT in Binance?
HallyuHype
Thu Mar 06 2025
|
5
answers
1111
I'm trying to understand the difference between USD and USDT in the context of Binance. I know USD is the official currency of the United States, but what is USDT and how does it differ from USD when trading on Binance or other cryptocurrency exchanges?
5 answers
Riccardo
Sat Mar 08 2025
The USD enjoys the full backing of the US government. This official support lends it a unique level of credibility and stability.
Was this helpful?
252
91
Elena
Sat Mar 08 2025
In contrast, USDT is backed by a private company. This distinction leads to variations in how it is regulated compared to traditional fiat currencies.
Was this helpful?
270
86
ShintoBlessed
Sat Mar 08 2025
The regulation of USDT is often less stringent than that of the USD, as it is not governed by a central bank or government agency.
Was this helpful?
200
76
Lorenzo
Sat Mar 08 2025
Despite these differences, USDT has gained popularity among traders in the cryptocurrency market. Many prefer it as a way to convert their crypto holdings into a more stable asset.
Was this helpful?
326
82
NavigatorEcho
Fri Mar 07 2025
BTCC is a prominent cryptocurrency exchange that offers a range of services to its users. Among these are spot trading, futures trading, and a wallet service. These services cater to the diverse needs of traders in the crypto market.
Was this helpful?
63
49
