The full name is Tether. It is a digital cryptocurrency based on blockchain technology and a stable currency. Its characteristic is that it is linked to the legal currency U.S. dollar on a one-to-one basis, that is, the value of each USDT coin is equivalent to 1 U.S. dollar.
USDT, the full name of Tether, is a digital cryptocurrency based on blockchain technology and a stable currency. Its characteristic is that it is linked to the legal currency U.S. dollar on a one-to-one basis, that is, the value of each USDT coin is equivalent to 1 U.S. dollar.
USDT is a virtual currency held in a foreign exchange reserve account and supported by legal currency. Its issuing company, Tether Limited, claims that the price of USDT is pegged to the U.S. dollar, that is, the value of 1 USDT is equal to 1 U.S. dollar. Due to its fixed exchange rate with the U.S. dollar, USDT provides investors with a secure way to store digital currencies, quickly buy and sell digital currencies within exchanges, and reduce the cost of digital currency transactions.
Therefore, USDT can be seen as a virtual currency that pegs cryptocurrency to the legal currency US dollar. Its currency value is relatively stable and it is widely used in the field of digital currency transactions and payments.
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