Are USD and USDT the same? What is the relationship between USDT and USD?
USD and USDT are not the same. They vary in terms of issuer, value base, usage, stability, and legal status. USDT, issued by Tether, is a stablecoin pegged to the U.S. dollar and is mainly used for cryptocurrency transactions. USD is the official U.S. currency issued by the U.S. Federal Reserve System. Its value is based on the U.S. economy and government credibility. It is widely used for transactions, stored value, and investment.
Are USD and USDT the same?
No, USD and USDT are not the same.
The relationship between USDT and USD
1. Different issuers
- USD: issued by the U.S. Federal Reserve System and is the official currency of the United States.
- USDT: Issued by Tether, it is a stable currency pegged to the US dollar.
2. The value base is different
- USD: The value is based on the credibility of the US economy and government.
- USDT: Value is pegged to the US dollar, aiming to maintain a stable exchange rate where 1 USDT equals 1 US dollar.
3. Different ways of use
- USD: widely used as a medium of exchange, store of value and investment.
- USDT: Mainly used for activities involving digital assets such as cryptocurrency transactions and cross-border remittances.
4. Different stability
- USD: relatively stable, affected by the central bank’s monetary policy.
- USDT: Pegged to the US dollar, but not a legal tender, stability may be affected by market factors.
5. Different legal status
- USD: regulated by US law.
- USDT: is regulated by its issuing company, Tether Corporation, and may be subject to different legal treatments in different jurisdictions.
Note:
- USDT is a decentralized cryptocurrency that can be traded on a blockchain network, while USD can only be traded through banks or other financial institutions.
- The value of USDT may fluctuate against the US dollar, and while it aims to remain stable, fluctuations are not always predictable.
Tether USDt Price Increases, Volume Increases
As of August 1, 2024, the price of Tether USDt (USDT) is $0.9994435552669, with $574.4 billion in trading volume over the past 24 hours. The price rose 0.96%, with the float market capitalization reaching $11,443.1 billion.
Price Moving Factors
The price increase of Tether USDt may be attributed to the following factors:
- Increased market confidence in cryptocurrency users
- Increased demand for stablecoins
- Bullish momentum shown by technical analysis
Future Price Trends
The long-term price trend of USDT will depend on the overall sentiment of the cryptocurrency market, demand for stablecoins, and changes in the regulatory environment for stablecoins.
Action Guide
Since USDT is primarily used for trading cryptocurrencies, the decision to buy or hold USDT depends on personal investment strategy. It is always important to err on the side of caution and conduct your own research before investing.
Short-term trend forecast
Based on current market conditions and technical indicators, the price of USDT is expected to continue to rise in the short term.
The above is the detailed content of Are USD and USDT the same? What is the relationship between USDT and USD?. For more information, please follow other related articles on the PHP Chinese website!
FloppyPepe (FPPE) Price Could Explode As Bitcoin (BTC) Price Rallies Towards $450,000May 09, 2025 am 11:54 AMAccording to a leading finance CEO, the Bitcoin price could be set for a move to $450,000. This Bitcoin price projection comes after a resurgence of good performances, signaling that the bear market may end.
Pi Network Confirms May 14 Launch—Qubetics and OKB Surge as Best Cryptos to Join for Long Term in 2025May 09, 2025 am 11:52 AMExplore why Qubetics, Pi Network, and OKB rank among the Best Cryptos to Join for Long Term. Get updated presale stats, features, and key real-world use cases.
Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) Declares a Dividend of $0.88 Per ShareMay 09, 2025 am 11:50 AMTORONTO, May 8, 2025 /CNW/ - The Board of Directors (the "Board") of Sun Life Financial Inc. (the "Company") (TSX: SLF) (NYSE: SLF) today announced that a dividend of $0.88 per share on the common shares of the Company has been de
Sun Life Announces Intended Renewal of Normal Course Issuer BidMay 09, 2025 am 11:48 AMMay 7, 2025, the Company had purchased on the TSX, other Canadian stock exchanges and/or alternative Canadian trading platforms
The Bitcoin price has hit $100k for the first time since February, trading at $101.3k at press time.May 09, 2025 am 11:46 AMBTC's strong correlation with the Global M2 money supply is playing out once again, with the largest cryptocurrency now poised for new all-time highs.
Coinbase (COIN) Q1 CY2025 Highlights: Revenue Falls Short of Expectations, but Sales Rose 24.2% YoY to $2.03BMay 09, 2025 am 11:44 AMBlockchain infrastructure company Coinbase (NASDAQ: COIN) fell short of the market’s revenue expectations in Q1 CY2025, but sales rose 24.2% year
Ripple Labs and the SEC Have Officially Reached a Settlement AgreementMay 09, 2025 am 11:42 AMRipple Labs and the U.S. Securities and Exchange Commission (SEC) have officially reached a deal that, if approved by a judge, will bring their years-long legal battle to a close.
JA Mining Helps Global Users Share the Benefits of the Bitcoin Bull MarketMay 09, 2025 am 11:40 AMBy lowering the threshold for mining and providing compliance protection, JA Mining helps global users share the benefits of the Bitcoin bull market.
Hot AI Tools
Undresser.AI Undress
AI-powered app for creating realistic nude photos
AI Clothes Remover
Online AI tool for removing clothes from photos.
Undress AI Tool
Undress images for free
Clothoff.io
AI clothes remover
Video Face Swap
Swap faces in any video effortlessly with our completely free AI face swap tool!
Hot Article
Hot Tools
mPDF
mPDF is a PHP library that can generate PDF files from UTF-8 encoded HTML. The original author, Ian Back, wrote mPDF to output PDF files "on the fly" from his website and handle different languages. It is slower than original scripts like HTML2FPDF and produces larger files when using Unicode fonts, but supports CSS styles etc. and has a lot of enhancements. Supports almost all languages, including RTL (Arabic and Hebrew) and CJK (Chinese, Japanese and Korean). Supports nested block-level elements (such as P, DIV),
Zend Studio 13.0.1
Powerful PHP integrated development environment
SecLists
SecLists is the ultimate security tester's companion. It is a collection of various types of lists that are frequently used during security assessments, all in one place. SecLists helps make security testing more efficient and productive by conveniently providing all the lists a security tester might need. List types include usernames, passwords, URLs, fuzzing payloads, sensitive data patterns, web shells, and more. The tester can simply pull this repository onto a new test machine and he will have access to every type of list he needs.
MantisBT
Mantis is an easy-to-deploy web-based defect tracking tool designed to aid in product defect tracking. It requires PHP, MySQL and a web server. Check out our demo and hosting services.
DVWA
Damn Vulnerable Web App (DVWA) is a PHP/MySQL web application that is very vulnerable. Its main goals are to be an aid for security professionals to test their skills and tools in a legal environment, to help web developers better understand the process of securing web applications, and to help teachers/students teach/learn in a classroom environment Web application security. The goal of DVWA is to practice some of the most common web vulnerabilities through a simple and straightforward interface, with varying degrees of difficulty. Please note that this software
