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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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Generating Passive Income with Fixed Income ETFs ✌️【Job Application】✌️Start investing with ₹500 and see your wealth grow rapidly every month.Tether’s history oflawsuitshas also played a part in reducing demand for the crypto asset.
Generating Passive Income with Fixed Income ETFs ✌️【Job Application】✌️₹500 is all you need to unlock fast, high returns. Start investing today!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.
Generating Passive Income with Fixed Income ETFs ✌️【Job Application】✌️Invest ₹500 and enjoy high monthly returns. Safe and reliable platform!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.Generating Passive Income with Fixed Income ETFs Blockchain Investments: Earn Up to 100% Monthly Returns