What assets back USDT in the cryptocurrency market?

3 answers

• Dec 25, 2021 · 3 years ago
  USDT (Tether) is backed by a reserve of assets, including traditional currency and cash equivalents, and, from time to time, may include other assets and receivables from loans made by Tether to third parties. The goal is to maintain a 1:1 ratio between USDT in circulation and the assets held in reserve. This helps to ensure the stability and value of USDT in the cryptocurrency market.
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• Dec 25, 2021 · 3 years ago
  USDT is backed by a combination of fiat currency, such as the US dollar, and other assets. The reserve assets are held by Tether Limited, the company behind USDT. This backing provides confidence to users that each USDT token is redeemable for its equivalent value in the underlying assets, making it a stable and widely used cryptocurrency in the market.
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• Dec 25, 2021 · 3 years ago
  USDT is backed by a reserve of assets that include cash, cash equivalents, and other short-term investments. The reserve is managed by Tether Limited, which periodically releases reports to provide transparency and assurance to users. The backing of USDT with real-world assets helps to maintain its value and stability in the cryptocurrency market. However, it's important to note that USDT's value is also influenced by market demand and supply dynamics.
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