Why do I need ETH to send USDT?

USDT is either ERC 20 (ethereum) based or TRC 20 (Tron) based token for its practical implementation. When USDT is ERC 20 token, it means such USDT is running on ethereum blockchain and it needs gas fees in eth (ethers) to some extent to transfer from one ERC wallet to another ERC wallet.

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What is USDT and ETH?

Tether (USDT) is an Ethereum token that is pegged to the value of a U.S. dollar (also known as a stablecoin). Tether’s issuer claims that USDT is backed by bank reserves and loans which match or exceed the value of USDT in circulation.

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Can Ethereum reach 50k?

Can ethereum reach 50k? With Ethereum’s surge, a panel of cryptocurrency experts interviewed by Finder forecasted that ETH could top $5,000 per coin by the end of 2021, and could peak at over $50,000 by 2030 . … It is then expected to soar to $15,364 by 2025, and then triple its worth to $50,788 in 2030.

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Can I get rich with Ethereum?

Ethereum may be a strong cryptocurrency, but there are no guarantees that it will succeed. However, if you have a high tolerance for risk and are willing to hold your investment for years despite short-term volatility, you could potentially make a lot of money over time .

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