"What is USDT and what are its futures?"

Willa

What is USDT and how do I use it for futures trading?

2023-06-02 06:26

Luciana

USDT is a stablecoin that is pegged to the value of the US dollar. It is designed to have a 1:1 ratio with the dollar, meaning that for every USDT token issued, there is an equivalent US dollar held in reserve. This ensures that USDT maintains a stable value and is not as volatile as other cryptocurrencies. USDT is often used in the world of cryptocurrencies as a means of exchanging value between different cryptocurrencies without having to convert back to fiat currency. It is also used in futures trading as a means of settling trades in stable value without the need for fiat currency.

Release time 2023 06 02

Sherwin

USDT, also known as Tether, is a stablecoin cryptocurrency that is pegged to the U.S. dollar. It is designed to maintain a 1-to-1 value with the U.S. dollar, with each USDT token being backed by a corresponding U.S. dollar held in reserve by the issuer. USDT is commonly used as a stable digital asset in cryptocurrency trading and investing, as well as for cross-border payments and remittances. It is not a futures contract or any other derivative financial instrument.

Release time 2023 06 02

Kingsley

USDT is a digital currency that is commonly referred to as a stablecoin, as its value is pegged to that of the US dollar. It is used as a means of payment and store of value, and can be traded on various cryptocurrency exchanges. USDT can also be used as collateral for futures contracts on certain exchanges, allowing users to trade derivatives based on the price of the digital currency.

Release time 2023 06 02

Stacy

USDT, which stands for USD Tether, is a cryptocurrency that is pegged to the value of the US dollar. It is often referred to as a stablecoin, as its value is designed to remain relatively stable compared to other cryptocurrencies that can experience volatile price swings. USDT is used on many cryptocurrency exchanges as a means of trading and storing value without having to convert to US dollars. However, it should be noted that USDT is not backed by physical US dollars; instead, it is backed by reserves held by the company behind USDT, Tether Limited. USDT can also be used in futures trading, allowing traders to speculate on its price movements.

Release time 2023 06 02

Ruby

Release time 2023 06 02