Dhanush MaddineniDec 27, 2021 · 3 years ago2 answers How many Tether tokens are needed to make a ton of stablecoins?
In the world of cryptocurrencies, Tether is a popular stablecoin that is often used as a benchmark. Stablecoins are designed to maintain a stable value, usually pegged to a fiat currency like the US dollar. Tether tokens are issued by Tether Limited, and they are backed by reserves of fiat currency. However, how many Tether tokens are actually needed to make a ton of stablecoins? What is the conversion rate between Tether tokens and stablecoins?