What is the difference between Tether and USDT?

3 answers

• May 09, 2022 · 3 years ago
  Tether and USDT are actually the same thing. Tether is a cryptocurrency that is pegged to the value of the US dollar. USDT is simply the ticker symbol for Tether. So when people talk about Tether or USDT, they are referring to the same digital currency.
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• May 09, 2022 · 3 years ago
  Tether and USDT are stablecoins that are designed to maintain a 1:1 ratio with the US dollar. This means that for every Tether or USDT in circulation, there should be an equivalent amount of US dollars held in reserve. The goal of Tether and USDT is to provide a stable and reliable digital currency that can be used for transactions and trading without the volatility often associated with other cryptocurrencies.
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• May 09, 2022 · 3 years ago
  Tether and USDT have gained popularity in the cryptocurrency world due to their stability and ease of use. Many exchanges, including BYDFi, support Tether and USDT as a trading pair. This allows traders to easily move in and out of Tether or USDT, providing a convenient way to hedge against market volatility. Tether and USDT have also been used as a bridge currency for transferring funds between different exchanges and platforms.
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