USDT and USD Exchange: Direct Conversion at Banks
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Ridley
How can I exchange USDT and USD (directly converting USDT to bank USD)?
2023-06-02 07:34
Answer list:：
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Rosalind
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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Edith
Release time 2023 06 02