Cryptocurrency Q&A
What is the digital currency Usdt?
What is the digital currency Usdt?
Riccardo
Thu Dec 05 2024
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6 answers
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I recently heard about a digital currency called Usdt, but I'm not very familiar with it. Could someone please explain what USDT is, its background, and how it works? I'm curious to know more about this digital asset.
6 answers
MysticStar
Sat Dec 07 2024
Initially, Tether's value was pegged to the U.S. dollar at a 1:1 exchange rate.
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noah_stokes_photographer
Sat Dec 07 2024
This meant that one Tether was equivalent to one U.S. dollar.
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Martino
Sat Dec 07 2024
Tether (USDT) is a unique type of cryptocurrency known as a stablecoin.
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Giulia
Sat Dec 07 2024
However, in March 2019, Tether made a significant change to its collateral.
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Bianca
Sat Dec 07 2024
The cryptocurrency exchange BTCC offers a range of services, including spot, futures, and wallet options. Among other things, Tether altered its collateral from being 100% backed by U.S. dollars to a combination of U.S. dollars and other assets. These other assets include accounts receivable from loans that Tether has made to third parties.
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