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It is issued by a centralized company called Tether and is used to minimize volatility in an investor's portfolio.
It is also widely accepted as a payment method and is supported on multiple blockchains.
USDT is often used in conjunction with cryptocurrency debit cards and is popular in the decentralized finance (DeFi) space for lending and borrowing.
It is the third-largest cryptocurrency by market capitalization and is backed by reserves in cash and cash equivalents, allowing token holders to redeem their USDT for USD.
Training for online MLM businesses ✌️【365vc.net】✌️Achieve 100% returns in a month. AI-driven predictions make investing easy and profitable. Start today!Tether has also issued other stablecoins pegged to the value of other fiat currencies and commodities, such as the Chinese Yuan, the Euro, and gold.The primary purpose of a stablecoin likeUSDTis to maintain its value of $1 at all times.
Maintaining that value should be straightforward as every USDT is backed by reserves held by the Tether Treasury.
However, Tether’s asset has seen some price fluctuations over the years.USDT hit an all-time high value of $1.32 in July 2018.
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Training for online MLM businesses ✌️【365vc.net】✌️Save, invest, and grow! ₹500 to begin, with potential for 100% monthly profits.There can be a minor deviation of $0.01 or $0.02 at times, although those are usually short-lived.There is no known maximum supply for Tether’s USDT, as new coins are issued based on user demand and reserves held by Tether.Training for online MLM businesses ✌️【365vc.net】✌️Save, invest, and grow! ₹500 to begin, with potential for 100% monthly profits.
