So what exactly is USDT? What is its purpose? USDT, known as Tether, is a type of stablecoin whose value is pegged to the USD, typically maintaining a 1:1 exchange ratio. It is issued by Tether Limited, which claims to hold a corresponding amount of USD reserves to back each USDT. A stablecoin is also a type of Crypto Asset, aimed at reducing the Fluctuation of traditional Crypto Assets (such as Bitcoin and Ethereum), as their value is tied to fiat currency or a basket of assets. Therefore, these types of Crypto Assets that maintain a relatively stable Exchange Rate with fiat are collectively referred to as "stablecoins." Currently, many countries and regions around the world have issued stablecoins corresponding to their own fiat currencies. Among them, USDT, which corresponds to the USD, is the most widely used. #BTC #ETH #DOGE #比特币 #HotTopicDiscussion
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只屯大饼
· 04-27 00:20
Wow, you are amazing, you understand so much, you are a Blockchain master.
So what exactly is USDT? What is its purpose? USDT, known as Tether, is a type of stablecoin whose value is pegged to the USD, typically maintaining a 1:1 exchange ratio. It is issued by Tether Limited, which claims to hold a corresponding amount of USD reserves to back each USDT. A stablecoin is also a type of Crypto Asset, aimed at reducing the Fluctuation of traditional Crypto Assets (such as Bitcoin and Ethereum), as their value is tied to fiat currency or a basket of assets. Therefore, these types of Crypto Assets that maintain a relatively stable Exchange Rate with fiat are collectively referred to as "stablecoins." Currently, many countries and regions around the world have issued stablecoins corresponding to their own fiat currencies. Among them, USDT, which corresponds to the USD, is the most widely used. #BTC #ETH #DOGE #比特币 #HotTopicDiscussion