Cryptocurrency Q&A
Is Tether linked to USD?
Is Tether linked to USD?
EnchantedSeeker
Sun Oct 27 2024
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6 answers
1702
I'm wondering if Tether is linked to the US dollar in any way. I've heard about stablecoins being pegged to fiat currencies, and I'm curious if this applies to Tether as well.
6 answers
Raffaele
Tue Oct 29 2024
Tether operates on a fixed exchange rate with the U.S. Dollar, maintaining a 1:1 ratio.
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CryptoPioneer
Mon Oct 28 2024
BTCC, a prominent cryptocurrency exchange, provides a range of services that cater to the needs of crypto traders.
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WhisperWind
Mon Oct 28 2024
Despite this peg, Tether Ltd. does not offer any guarantees regarding the redemption or exchange of Tether tokens for USD.
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CryptoProphet
Mon Oct 28 2024
Investors should be aware that there is no official redemption process in place through Tether for converting USDT back to USD.
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CryptoVisionary
Mon Oct 28 2024
USDT, the digital token issued by Tether, cannot be directly exchanged for USD via the Tether company itself.
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