The USDT is issued by Tether. Compared to large price fluctuation, USDT serves as a hedging function that provides safe-keeping and stable price that is not subject to market fluctuations.
The USDT is a virtual currency anchored to the US dollar, and Tether claims that USDT has an equivalent of dollar reserve. Assuming Tether has issued 1 million USDTs, Tether has a $1 million reserves. As for whether Tether really has the equivalent of dollar reserves, there is still no relevant data.
- the source is from USDT website.
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