Questions tagged [usdt]

Chiara Thu Oct 03 2024 | 5 answers 1336

I understand that Coinbase is a popular cryptocurrency exchange platform, and that USDT, or Tether, is a stablecoin pegged to the value of the US dollar. However, I'm curious if Coinbase actually supports USDT deposits. Could you clarify if it's possible to deposit USDT into a Coinbase account? I'm looking to diversify my portfolio and USDT seems like a good option, but I want to make sure I can use it on Coinbase before I make any decisions. Thanks for your help!

BonsaiLife Thu Oct 03 2024 | 7 answers 1269

Excuse me, but I'm a bit confused about something regarding cryptocurrencies. Could you clarify for me if 1 USD is indeed equal to 1 USDT? I've heard that USDT is a stablecoin meant to maintain a 1:1 peg with the US dollar, but I want to make sure I understand correctly. Is there any circumstance where this equivalence might not hold true? Or is the relationship between the two essentially fixed and unchanging? Thank you for your help in clearing this up.

Lorenzo Thu Oct 03 2024 | 6 answers 1398

I'm curious about the safety of leaving USDT, a stablecoin pegged to the US dollar, in Binance, a popular cryptocurrency exchange. With the ever-evolving landscape of digital assets, security breaches, and hacks, I want to ensure that my funds are protected. So, is it indeed safe to keep my USDT in Binance, considering their security measures, reputation, and the risks associated with cryptocurrency storage in general?

KDramaCharm Thu Oct 03 2024 | 0 answers 0

I'm curious, how does one actually convert USDT, the popular stablecoin, into cash? I understand it's pegged to the US dollar, but what's the process like for someone who wants to cash out their USDT holdings? Is it a straightforward process, or are there any potential hurdles or fees that one should be aware of? Any insights you can provide would be greatly appreciated.

Carlo Thu Oct 03 2024 | 0 answers 0

I'm curious about the capabilities of the Coinbase wallet when it comes to receiving USDT on the TRC20 network. Could you please clarify if it's possible to receive USDT tokens via the TRC20 protocol on the Coinbase wallet? Additionally, if it's indeed supported, could you elaborate on any specific steps or considerations one should take when sending or receiving USDT on this network through the Coinbase wallet? It would be greatly appreciated if you could provide a concise yet informative answer to this query.