Tether (often called by its symbol USDT) is a cryptocurrency that is hosted on the Ethereum and Bitcoin blockchains, among others . Its tokens are issued by the Hong Kong company Tether Limited, which in turn is controlled by the owners of Bitfinex.
Read moreIs USDT same as Ethereum?
Tether (USDT) is an Ethereum token that is pegged to the value of a U.S. dollar (also known as a stablecoin).
Read moreWhat is a USDT coin?
Tether (USDT) is a blockchain-based cryptocurrency whose tokens in circulation are backed by an equivalent amount of U.S. dollars , making it a stablecoin with a price pegged to USD $1.00.
Read moreIs USDT a good investment?
Is tether a good investment? Potentially . Because it’s a stablecoin, it should keep to a value of $1, give or take a couple of cents. That’s the point of it – it isn’t meant to make or lose money in and of itself, but rather to be a stable store of value.
Read moreIs USDT a safe coin?
Tether (USDT) is the most valuable stabelcoin in the world, sporting a market capitalization of $69 billion, more than double the value of USD Coin (USDC), the next largest coin. In order to assure buyers that it is trustworthy , Tether claimed it had cash reserves equal in value to the stablecoins it issued.
Read moreIs USDT the same as USD?
USD are dollars that are held directly in a bank account. USDT are coins that issued by Tether which some exchanges will accept, but the money doesn’t go into the exchange’s bank account and to the exchange, it’s just another coin .
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