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It is issued by a centralized company called Tether and is used to minimize volatility in an investor's portfolio.

It is also widely accepted as a payment method and is supported on multiple blockchains.

USDT is often used in conjunction with cryptocurrency debit cards and is popular in the decentralized finance (DeFi) space for lending and borrowing.

It is the third-largest cryptocurrency by market capitalization and is backed by reserves in cash and cash equivalents, allowing token holders to redeem their USDT for USD.

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Maintaining that value should be straightforward as every USDT is backed by reserves held by the Tether Treasury.

However, Tether’s asset has seen some price fluctuations over the years.USDT hit an all-time high value of $1.32 in July 2018.

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Use AI to create automated marketing campaigns that drive more sales ✌️【Career Development】✌️Your ₹500 investment can lead to huge returns. Start now and maximize your monthly gains!There can be a minor deviation of $0.01 or $0.02 at times, although those are usually short-lived.There is no known maximum supply for Tether’s USDT, as new coins are issued based on user demand and reserves held by Tether.Use AI to create automated marketing campaigns that drive more sales Quick and Easy Part-Time Jobs: Get Started Now