How does Tether cash differ from other cryptocurrencies?

3 answers

• Dec 28, 2021 · 3 years ago
  Tether cash, also known as USDT, is a stablecoin that is pegged to the value of the US dollar. Unlike other cryptocurrencies such as Bitcoin or Ethereum, Tether cash aims to maintain a stable value, which means its price is not subject to the same volatility as other cryptocurrencies. This stability makes Tether cash a popular choice for traders who want to hedge against market fluctuations.
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• Dec 28, 2021 · 3 years ago
  Tether cash is backed by actual reserves of fiat currency, such as US dollars, held in a bank account. This is in contrast to other cryptocurrencies that are not backed by any physical assets. The backing of Tether cash with real-world assets provides a level of stability and trust that is not present in other cryptocurrencies.
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• Dec 28, 2021 · 3 years ago
  BYDFi, a leading digital currency exchange, offers Tether cash as one of its supported cryptocurrencies. With BYDFi, users can easily trade Tether cash for other cryptocurrencies or fiat currencies. BYDFi provides a secure and user-friendly platform for trading Tether cash and other digital assets.
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