Questions tagged [work]

EnchantedDreams Wed Apr 09 2025 | 6 answers 1004

I want to understand how USDT perpetual contracts operate. What are the mechanisms behind it and how does it work?

Leonardo Wed Apr 09 2025 | 7 answers 1651

I'm wondering if USDT, the cryptocurrency token, is compatible with the Solana blockchain. Can it be used or transferred on the Solana network?

GeishaCharm Tue Apr 08 2025 | 5 answers 1186

USDT, a stablecoin backed by the US dollar, works by maintaining a 1:1 ratio with USD. It allows users to store and transfer value with the stability of fiat currency and the benefits of blockchain technology. USDT is issued by Tether, which claims to hold corresponding USD reserves for each USDT issued, ensuring its price stability.

TaekwondoPower Tue Apr 08 2025 | 6 answers 991

USDT minting works through a process where users deposit US dollars into Tether Limited's accounts. In response, Tether issues an equivalent amount of USDT on the blockchain. This mechanism ensures a 1:1 peg to the US dollar, maintaining stability. When users want to redeem USDT for US dollars, they can exchange it back, and Tether burns the corresponding USDT from circulation.

Chiara Tue Apr 08 2025 | 6 answers 1168

I'm wondering if Bybit operates or is accessible in New York. I'm specifically interested in whether I can use Bybit's services while in New York due to regulatory or geographical restrictions.