Cryptocurrency Q&A
Why is USDT risky?
Why is USDT risky?
Carlo
Wed Mar 27 2024
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1 answers
100
Could you please explain why USDT is considered risky?"
I'm interested in understanding the risks associated with USDT. As a stablecoin, it's supposed to maintain a value close to that of the US dollar. However, I've heard that there are some concerns regarding its stability and potential for losses. Could you elaborate on these risks and provide some insights into why investors should be cautious when dealing with USDT?
1 answers
Bianca
Fri Mar 29 2024
Owning a stablecoin like USDT can be beneficial for investors who want to maintain their wealth in the crypto sphere but seek to avoid the associated volatility. These coins are pegged to a stable asset, such as the US dollar, providing a degree of predictability and stability.
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