Understanding USDT: A Stablecoin in the World of Cryptocurrencies

Understanding USDT: A Stablecoin in the World of Cryptocurrencies

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• Sep 2, 2024
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USDT, or Tether, is a type of cryptocurrency known as a stablecoin. Unlike Bitcoin or Ethereum, which can be highly volatile, USDT is pegged to a stable asset—in this case, the US dollar. For every USDT token, there is a corresponding dollar held in reserve, which aims to keep its value steady at 1:1 with the USD.

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