How can I buy or sell USDT?

How Do I Buy USDT? Tether tokens can be bought and sold on cryptocurrency exchanges including Binance, CoinSpot, Bitfinex, and Kraken. Is Tether a Stablecoin?

What is the purpose of USDT?

USDT is a service to tokenize US dollars and facilitate their use over the internet and public blockchains. It is not issued by the US government, but USDT tokens can be changed back to USD at any time. USDT is an alternative to other USD backed cryptocurrencies, such as USDC Coin ( USDC) and TrueUSD ( TUSD ).

How is USDT different from other cryptocurrencies?

USDT’s unique feature is the fact that its value is guaranteed by Tether to remain pegged to the U.S. dollar. According to Tether, whenever it issues new USDT tokens, it allocates the same amount of USD to its reserves, thus ensuring that USDT is fully backed by cash and cash equivalents.

What is the difference between USDT and USD?

USDT is a cryptocurrency stablecoin, the value of which is pegged to the US dollar (USD) at the rate of one USDT token to one USD. USDT is a service to tokenize US dollars and facilitate their use over the internet and public blockchains. It is not issued by the US government, but USDT tokens can be changed back to USD at any time.