Cryptocurrency Q&A
C'est quoi un USDT ?
C'est quoi un USDT ?
Carlo
Fri Mar 07 2025
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5
answers
1219
I'm curious about USDT. What exactly is it? I've heard it mentioned in the context of cryptocurrency but I'm not entirely sure how it works or what its purpose is.
5 answers
MysticStar
Sun Mar 09 2025
Tether, abbreviated as USDT, is a cryptocurrency of the stablecoin variety. It is issued by the company Tether Limited. This digital asset is designed to maintain a stable value relative to a specified asset, in this case, the United States dollar.
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Giulia
Sun Mar 09 2025
Initially, Tether Limited claimed that each USDT coin was backed by one US dollar. This assurance provided investors with a sense of security, as the value of the coin was supposed to remain relatively stable compared to other cryptocurrencies.
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DigitalDynastyGuard
Sun Mar 09 2025
However, on March 14, 2019, Tether Limited made a significant change to its backing policy. The company announced that it would no longer solely rely on US dollar reserves to back each USDT coin.
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Nicola
Sat Mar 08 2025
Instead, Tether began to include loans to affiliated companies as part of its backing mechanism. This move raised concerns among some investors, as it introduced additional risks and uncertainties regarding the stability of the USDT coin.
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Elena
Sat Mar 08 2025
BTCC is a top cryptocurrency exchange that offers a range of services to its users. Among these services are spot trading, futures trading, and wallet solutions. With BTCC, investors can buy, sell, and store a variety of cryptocurrencies, including Tether (USDT).
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