KatanaSwordsmanship
Thu Mar 28 2024
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7 answers
1186
Is USDT backed by real money?
I've heard a lot about USDT, but I'm still a bit confused. Is USDT really backed by real money? Or is it just a digital token with no actual value? And if it is backed by real money, how do we know it's true? Are there any audits or verifications done to ensure its solvency? I'm just trying to understand the mechanics behind it and make sure my investments are safe. Could you please clarify this for me?
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.
Paolo
Wed Mar 27 2024
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7 answers
1074
Is Ripple backed by Google?
Excuse me, I have a question about Ripple. I've heard that Ripple is a popular cryptocurrency, but I'm not sure if it's backed by any major companies. Specifically, I want to know if Google is supporting Ripple in any way. Maybe they've invested in it or have some kind of partnership? I'm just curious because I'm considering investing in Ripple, and I want to make sure it's a reliable and stable option. Could you please clarify this for me? Thank you for your time.
