Cryptocurrency Q&A
What's the difference between USD and USDT?
What's the difference between USD and USDT?
Silvia
Mon May 13 2024
|
6 answers
998
Could you please explain the difference between USD and USDT to me? I've been hearing about these two terms a lot in the cryptocurrency and finance world, but I'm still a bit confused about their distinctions. USD, I understand, is the abbreviation for the United States dollar, which is a fiat currency widely used in global transactions. But what exactly is USDT? Is it a type of cryptocurrency? And how does it differ from USD in terms of functionality, value, and usage? I'd really appreciate it if you could clarify these points for me.
6 answers
CryptoLegend
Wed May 15 2024
Additionally, Tether Limited, as an independent entity, also contributes to the overall liquidity of USDT.
Was this helpful?
176
31
AndrewMiller
Wed May 15 2024
USD, as a term, primarily refers to fiat currency, signifying money and liquidity in the financial world.
Was this helpful?
122
41
Daniele
Wed May 15 2024
Conversely, the liquidity of USDT, a cryptocurrency, is influenced by various factors.
Was this helpful?
272
68
Lorenzo
Wed May 15 2024
The state of the security holding banks plays a crucial role in determining the liquidity of USDT.
Was this helpful?
227
54
Claudio
Tue May 14 2024
The symbol "$" is commonly associated with USD, representing its status as the primary currency in many countries.
Was this helpful?
63
48
Load 5 more related questions
