Bianca
Sun Mar 31 2024
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9 answers
1743
Will Dogecoin be worth anything?
So, tell me, is Dogecoin really worth anything? I've heard so much buzz about it lately, but I'm still not sure if it's just a passing fad or if it has real potential. I know the crypto market is volatile, but is there any reason to believe that Dogecoin could actually have some long-term value? Maybe you could explain it to me like I'm a five-year-old? I'm just trying to wrap my head around this whole concept and figure out if it's worth investing in.
SakuraSpirit
Thu Mar 28 2024
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5 answers
1365
Is USDT backed by anything?
Good afternoon, I am relatively new to the world of cryptocurrencies and I am trying to wrap my head around the concept of stablecoins. One particular stablecoin that has caught my attention is USDT. I understand that it is pegged to the value of the US dollar, but what exactly backs it? Is it fully collateralized? If so, what assets are being used as collateral? And how do we ensure the collateral is sufficient to back the issued USDT? Thank you for your time and assistance.
