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What is USDT? What is the cheapest way to buy USDT in Saudi Arabia?
What is USDT?
USDT, or Tether, is a type of stablecoin that aims to maintain a parity with the US dollar, meaning it seeks to maintain a 1:1 ratio with the dollar. This is achieved by backing each USDT with a US dollar or other escrowed asset. This stability makes USDT a popular choice for crypto traders and investors, making it easier for them to trade between more volatile cryptocurrencies without having to convert back to traditional currencies.
USDT, or Tether, is a type of stablecoin that aims to maintain a parity with the US dollar, meaning it seeks to maintain a 1:1 ratio with the dollar. This is achieved by backing each USDT with a US dollar or other escrowed asset. This stability makes USDT a popular choice for crypto traders and investors, making it easier for them to trade between more volatile cryptocurrencies without having to convert back to traditional currencies.
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