Question 1

What is a Tether (USDT)?

Accepted Answer

USDT (Tether) is the world’s largest stablecoin by market capitalization. It was founded in 2014 by the company Tether Limited.

Question 2

How Does Tether (USDT) Work?

Accepted Answer

Stablecoins are a type of cryptocurrency designed to maintain a stable market price. The goal of stablecoins is to provide an alternative to the high volatility that most crypto assets are known for.

Question 3

What Is the Market Cap of Tether (USDT)?

Accepted Answer

USDT (Tether) is deployed across a variety of blockchains, including Ethereum, EOS, Tron, Algorand, Avalanche, Celo, Cosmos, Liquid Network, Near, Polkadot, Solana, Tezos, and Ton.

Question 4

What is Tether’s Circulating Supply?

Accepted Answer

USDT (Tether) is a fiat-backed stablecoin pegged 1:1 to the U.S. dollar. To maintain this peg, the issuing company holds reserves, such as cash and cash equivalents, that match the total number of USDT tokens in circulation.

Question 5

Are USD and USDT the Same?

Accepted Answer

Tether (USDT) currently has a market capitalization of XRP 222,702,349,068.00

Question 6

Is USDT safe to buy?

Accepted Answer

The current circulating supply of Tether (USDT) is $121,953,737,784.45

Question 7

What is USDT good for?&nbsp;

Accepted Answer

USD and USDT are not the same. USD is the official currency issued by the U.S. government, while USDT is a cryptocurrency issued by Tether Limited that is designed to mirror the value of the U.S. Dollar.

Question 8

How Can I Buy Tether (USDT)?

Accepted Answer

Tether claims that every USDT token in circulation is backed 1:1 by reserves, which include a combination of cash, cash equivalents, and other assets. To provide transparency, the company publicly displays its total reserve balance on the official website.&nbsp;

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