Cryptocurrency Q&A
Is USDT 1 to 1?
Is USDT 1 to 1?
Raffaele
Thu Mar 28 2024
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6 answers
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Excuse me, I'm new to the world of cryptocurrencies. I've heard a lot about USDT, but I'm not quite sure what it is. Is USDT really worth 1 US dollar? Is it a stablecoin that maintains a 1:1 peg with the US dollar? Or is it just a marketing gimmick? I'd appreciate it if you could clear up my confusion. Thank you!
6 answers
Daniela
Sat Mar 30 2024
Stablecoins are blockchain-based currencies that are tethered or tied to fiat currencies.
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CryptoGuru
Sat Mar 30 2024
This pegging mechanism aims to provide users with a digital asset that maintains a stable value.
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EthereumEliteGuard
Sat Mar 30 2024
Tether's (USDT) primary objective is to offer a digital currency that exhibits less volatility.
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EthereumLegend
Sat Mar 30 2024
It achieves this by pegging its value to the US dollar at a 1:1 ratio.
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alexander_watson_astronaut
Sat Mar 30 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services including trading, wallet storage, and more.
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