Tether reports record-breaking profit of $4.52 billion for Q1 2024.
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Tether USDt (USDT): Let's Understand With 5W1K Technique
Who: A stablecoin developed by Tether Limited.
What: A cryptocurrency pegged to the US dollar.
Where: Available on various blockchains such as Ethereum, Tron, Algorand, EOS, Solana and Avalanche.
When: First released in 2014.
Why: Designed to provide a hedge against volatility in cryptocurrency markets.
How: Each 1 USDT is backed by fiat currencies reserved by Tether Limited, equivalent to 1 US dollar.
What: A cryptocurrency pegged to the US dollar.
Where: Available on various blockchains such as Ethereum, Tron, Algorand, EOS, Solana and Avalanche.
When: First released in 2014.
Why: Designed to provide a hedge against volatility in cryptocurrency markets.
How: Each 1 USDT is backed by fiat currencies reserved by Tether Limited, equivalent to 1 US dollar.
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