Cryptocurrency Q&A
Is USD and USDT the same?
Is USD and USDT the same?
ZenFlow
Mon May 13 2024
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7 answers
1833
I'm a bit confused here. Could you clarify for me if USD and USDT are indeed the same? I've heard some discussions about them, but I'm still not entirely sure. USD, as I understand, is the abbreviation for the United States Dollar, the official currency of the United States. But what exactly is USDT? Is it some sort of digital representation of the US Dollar? Or is it a completely different entity with its own unique characteristics? I'd really appreciate it if you could break it down for me in a way that's easy to understand. Thank you in advance for your help!
7 answers
DaeguDivaDance
Wed May 15 2024
It does not represent actual US dollars.
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Alessandra
Wed May 15 2024
Tether is a digital representation of the US dollar.
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Pietro
Tue May 14 2024
BTCC is a cryptocurrency exchange located in the UK.
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SolitudeSeeker
Tue May 14 2024
USDT is categorized as a "stablecoin."
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emma_rose_activist
Tue May 14 2024
BTCC offers various services, including spot trading, futures trading, and wallet services.
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