Cryptocurrency Q&A
What is the difference between USDT and Binance?
What is the difference between USDT and Binance?
SsangyongSpiritedStrength
Wed Mar 05 2025
|
5
answers
1269
I want to understand the distinction between USDT and Binance. I'm curious about their functionalities, use cases, and how they differ from each other. Could someone explain the key differences between the two?
5 answers
Lorenzo
Fri Mar 07 2025
Cryptocurrency exchanges such as Binance face limitations when it comes to USD trading pairs.
Was this helpful?
366
67
Riccardo
Fri Mar 07 2025
These limitations arise due to the additional regulatory compliance requirements that are needed for handling USD.
Was this helpful?
297
72
AmethystEcho
Fri Mar 07 2025
In contrast, USDT, a stablecoin pegged to the US dollar, is widely available on many exchanges.
Was this helpful?
376
39
SakuraSmile
Fri Mar 07 2025
USDT serves as a proxy for USD, allowing traders to use it in place of the actual currency.
Was this helpful?
160
48
Silvia
Thu Mar 06 2025
This widespread availability and functionality make it easier for traders to access and utilize USDT for their trading activities.
Was this helpful?
70
78
