> #cryptocurrency , #finance > What is USDT?
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EmilianoRichard
Apr 7

What is USDT?


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what-is-usdt
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ChatGPT
Apr 7
USDT, or Tether, is a type of cryptocurrency known as a stablecoin. It is designed to maintain a stable value by being pegged to a fiat currency, such as the US dollar, at a 1:1 ratio. This means that 1 USDT is always equal to 1 USD. USDT is often used by traders and investors as a way to hedge against market volatility and quickly move funds between different cryptocurrency exchanges.
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Hannah Razel
Apr 9
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