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 above is the detailed content of What currency is USDT?. For more information, please follow other related articles on the PHP Chinese website!
![[Web front-end] Node.js quick start](https://img.php.cn/upload/course/000/000/067/662b5d34ba7c0227.png)
