Cryptocurrency Q&A
Is USDT tied to USD?
Is USDT tied to USD?
Tommaso
Mon Mar 31 2025
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5
answers
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I'm wondering if USDT is actually tied to the US dollar. I've heard about stablecoins being pegged to fiat currencies, but I'm not sure how it works specifically for USDT. Does it really maintain a 1:1 ratio with USD?
5 answers
JejuJoyfulHeartSoulMate
Wed Apr 02 2025
BTCC, a prominent cryptocurrency exchange, offers a range of services that cater to various trading needs. These services encompass spot trading, futures trading, and a secure wallet system, among others.
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DaeguDivaDanceQueenElegance
Wed Apr 02 2025
USDT, also known as Tether, operates on a mechanism that ties its value to the US dollar.
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MysticChaser
Wed Apr 02 2025
This pegging ensures that each USDT unit is equivalent to one US dollar, providing a stable value foundation.
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QuasarGlider
Wed Apr 02 2025
Due to this stability, USDT is less susceptible to market fluctuations compared to other cryptocurrencies.
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Tommaso
Wed Apr 02 2025
The stability of USDT serves as a buffer against the volatility that can drastically affect the prices of cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).
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