USDT and USD Exchange: Direct Conversion at Banks


How can I exchange USDT and USD (directly converting USDT to bank USD)?

2023-06-02 07:34

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USDT stands for Tether, which is a cryptocurrency that is pegged to the value of the US dollar. It is designed to maintain a 1:1 ratio with the US dollar, which means that one USDT is worth one US dollar.

A bank that allows direct exchange of USDT for US dollars is simply a financial institution that offers a fiat-to-crypto exchange service. This means that customers can buy and sell cryptocurrencies using US dollars, including USDT, without the need for an intermediary like a crypto exchange. The bank would typically hold both USDT and US dollars on behalf of its customers, allowing for near-instantaneous transfers between the two currencies.

Release time 2023 06 02

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Release time 2023 06 02

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