Cryptocurrency Q&A
What is the formula for USDT?
What is the formula for USDT?
Isabella
Wed Mar 12 2025
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6
answers
1122
USDT, also known as Tether, is a stablecoin issued by Tether Limited. Its value is pegged to the US dollar at a 1:1 ratio, meaning 1 USDT is equivalent to 1 USD. This stablecoin is designed to reduce price volatility and provide a more stable means of transaction and storage in the cryptocurrency market.
6 answers
Riccardo
Fri Mar 14 2025
The calculation of the total contract value in USDT involves multiplying the quantity of each contract by its respective price.
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KimchiChic
Fri Mar 14 2025
This multiplication is done separately for each contract, ensuring that each individual transaction is accounted for.
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SakuraBlooming
Fri Mar 14 2025
Once the multiplication is complete for all contracts, the resulting values are then summed together.
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LitecoinLodestar
Fri Mar 14 2025
The summation provides the total contract value, which is expressed in USDT, a widely-used cryptocurrency.
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SakuraSmile
Thu Mar 13 2025
This method ensures that all contracts are considered and their values are accurately reflected in the total.
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