CryptoVisionary
Fri Jun 07 2024
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5 answers
1062
Is it safe to leave money in USDT?｜Sufficient Reserves: . This means that for every USDT in circulation, Tether holds a corresponding amount of traditional currency or equivalent assets, ensuring the token's value is grounded in real-world assets.The cornerstone of USDT's safety is Tether's ability to back each token with equivalent reserves
Is it advisable to entrust our funds to USDT? | Could you elaborate on the sufficiency of its reserves? It seems that for each USDT token in circulation, Tether maintains a matching amount of traditional currency or comparable assets. Does this practice truly anchor the value of the token to real-world assets? Furthermore, what is the underlying foundation of USDT's purported safety? Is it solely reliant on Tether's capability to back each token with corresponding reserves?
