Cryptocurrency Q&A
Why do people buy USDT?
Why do people buy USDT?
CryptoPioneer
Wed Mar 27 2024
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5 answers
1374
I'm somewhat puzzled. Why do people choose to buy USDT? It's just a digital token, isn't it? It doesn't offer any returns or dividends, unlike stocks or bonds. And it's not even backed by any physical asset, like gold or silver. So what's the appeal? Is it just the speculation that its value will go up? Or is there something deeper that I'm missing here?
5 answers
NebulaNavigator
Fri Mar 29 2024
Tether (USDT) is a widely recognized stablecoin in the crypto industry.
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Nicola
Thu Mar 28 2024
It maintains a pegged ratio of 1:1 with the US dollar, ensuring stability in volatile crypto markets.
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KimonoGlory
Thu Mar 28 2024
USDT serves as a digital representation of fiat currency, bridging the gap between traditional finance and the crypto world.
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SsangyongSpiritedStrengthCourage
Thu Mar 28 2024
This allows users to seamlessly trade and store value in cryptocurrencies, without worrying about market fluctuations.
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Margherita
Thu Mar 28 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services to cater to the needs of crypto enthusiasts.
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