What is USDT? - also know as Tether [Stablecoins Explained]
Manage episode 294465582 series 2936986
What is USDT? What Is Tether? This is all stable coins explained simply.
Traditional cryptocurrencies are digital currencies that their value is based on supply and demand on a decentralized network.
Stablecoins, while still considered a cryptocurrency, however, are backed by Fiat currencies like dollar, pound, Euro, and Yen.
The stablecoin that we're going to discuss today is called tether. Also known as USDT.
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