Cryptocurrency Q&A
Why is USDT called Tether?
Why is USDT called Tether?
WhisperInfinity
Thu Mar 13 2025
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7
answers
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USDT is called Tether because it tethers or anchors its value to the US dollar, maintaining a 1:1 ratio. This stablecoin was designed to bridge the gap between fiat currencies and blockchain assets, providing stability and transparency in cryptocurrency transactions.
7 answers
HanRiverVisionary
Sat Mar 15 2025
The value of Tether is pegged or "tethered" to the US dollar.
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Nicola
Sat Mar 15 2025
This pegging mechanism is designed to minimise price volatility.
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KpopHarmonySoul
Sat Mar 15 2025
By being linked to the US dollar, Tether aims to provide a stable store of value in the volatile cryptocurrency market.
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Federica
Sat Mar 15 2025
Tether is a type of stablecoin which aims to maintain a stable value.
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noah_stokes_photographer
Sat Mar 15 2025
The name "Tether" itself suggests a connection or link, highlighting its peg to the US dollar.
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