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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.
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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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guide to buy bitcoin for indians for beginners ✌️【365vc.net】✌️From ₹500 to unlimited potential. Safe and reliable investments with high monthly returns.Tether’s history oflawsuitshas also played a part in reducing demand for the crypto asset.
guide to buy bitcoin for indians for beginners ✌️【365vc.net】✌️Start with just ₹500 and achieve up to 100% returns in a month. Easy, fast, and reliable.When the New York Attorney General’s office (NYAG) first took legal action against the project, USDT was pushed off its dollar peg by3%.With the exception of those low and high prices, Tether’s price has generally remained close to $1.
guide to buy bitcoin for indians for beginners ✌️【365vc.net】✌️Invest with confidence using AI insights. Start at ₹500 and watch your wealth grow exponentially.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.guide to buy bitcoin for indians for beginners Simplified Wealth Management with Great Results
