HanRiverWave
Fri Jun 07 2024
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5 answers
906
Is USDT a cryptocurrency?｜Tether (USDT) is what's known as a “Stablecoin” – designed to provide a stable price point at all times. The USDT cryptocurrency was created by Tether Limited to function as the internet's Digital Dollar, with each token worth $1.00 USD and backed by $1.00 USD in physical reserves.a cryptocurrency
Is USDT really a cryptocurrency? I've heard that Tether, or USDT, is actually categorized as a "Stablecoin". Could you elaborate on what that means? Is it designed to maintain a constant price? Also, who created USDT and what's the purpose behind it? I've heard that it's meant to serve as a digital equivalent of the US dollar. Does that mean each USDT token is worth exactly $1.00? And is this value backed by actual physical reserves?
