What currency is USDT?

usdt is Tether, which is the world's first stable currency. It is a virtual currency that links cryptocurrency to the legal currency US dollar. It is a virtual currency that is stored in a foreign exchange reserve account and supported by legal currency. currency.

#usdt is Tether.

Tether is the world's first stable currency. It is a virtual currency that links cryptocurrency to the legal currency US dollar. It is a virtual currency that is stored in a foreign exchange reserve account and supported by legal currency.

Currency Introduction of Tether

Each Tether is symbolically linked to a government-backed fiat currency. Tether is a virtual currency held in a foreign exchange reserve account and backed by legal currency. This method can effectively prevent large price fluctuations in cryptocurrency. Basically, one Tether is worth 1 US dollar.

Characteristics of Tether

1. It is equivalent to the same amount of US dollars, 1USDT=1 US dollar

2. Stability: Users can still trade in the blockchain asset market without being affected by price fluctuations of most blockchain assets.

#3. Transparency: The storage account status is public and can be queried at any time. All Tether transaction records will be published on the public chain.

4. Small transaction fees: A transaction service fee is required when converting Tether to legal currency.

##The role of Tether

1. Quickly gain market stability.

#2. Easily transfer funds between trading platforms.

#3. Trade on a trading platform that only supports digital currencies.

#4. You can conduct foreign exchange transactions.

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