Cryptocurrency Q&A
What does Tether do?
What does Tether do?
Andrea
Mon Jan 20 2025
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6
answers
1005
I'm curious about the function and role of Tether in the cryptocurrency market. Specifically, I want to understand what Tether does and how it operates within this domain.
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6 answers
ShintoMystical
Wed Jan 22 2025
To achieve this stability, Tether holds reserves of the corresponding fiat currency or equivalents.
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Raffaele
Wed Jan 22 2025
This ensures that each Tether token is backed by an equivalent amount of the underlying currency.
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Federico
Wed Jan 22 2025
Tether is a digital currency designed to mimic the value of traditional currencies.
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CryptoLordess
Wed Jan 22 2025
By maintaining these reserves, Tether aims to provide a stable store of value in the volatile world of cryptocurrencies.
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CryptoVanguard
Wed Jan 22 2025
Its main goal is to maintain a stable peg to an underlying asset such as the US dollar or the euro.
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