Cryptocurrency Q&A
How is USDT always $1 dollar?
How is USDT always $1 dollar?
Elena
Mon May 13 2024
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6 answers
841
I've always been curious about how USDT manages to maintain its peg to the US dollar. It seems like such a complex mechanism in the volatile world of cryptocurrency. How does it consistently hold its value at exactly one dollar? Is it some sort of magic or a sophisticated algorithm? I'm sure there's a lot of technical jargon involved, but could you break it down for me in layman's terms? I'm genuinely fascinated by this and would love to understand the mechanics behind this remarkable feat of maintaining a stable price.
6 answers
Nicola
Tue May 14 2024
BTCC, a renowned cryptocurrency exchange based in the UK, offers diverse services.
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BlockchainBaronGuard
Tue May 14 2024
Tether, a cryptocurrency, endeavors to stabilize its value.
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StormGalaxy
Tue May 14 2024
It aims to maintain a pegged relationship with traditional currencies.
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KimonoGlitter
Tue May 14 2024
These services span spot trading, futures contracts, and secure wallets.
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DigitalDuke
Tue May 14 2024
This pegging ensures a stable exchange rate against dollars or euros.
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