What does usdt mean?

usdtWhat does it mean? What currency is usdt? This is an issue that many netizens are concerned about. Next, the PHP editor will bring you a detailed introduction to the usdt currency. Interested netizens should follow the editor to take a look!

detailed introduction to usdt currency

1. USDT is a stable cryptocurrency issued by Tether and is designed to be pegged to the value of the U.S. dollar.

2. Its main purpose is to provide a stable value store for exchanging and settling transactions in the cryptocurrency market.

3. The supply of USDT is supported by one-to-one U.S. dollar reserves held by Tether, which means that each USDT token represents one U.S. dollar held by Tether in its bank account.

4. USDT is widely used for value transfers between exchanges, payment platforms and individuals, providing liquidity and anchoring value for the cryptocurrency market.

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