Does the usdt fall in parity with the US dollar?

A. Is USDT any good?

The 1:1 exchange between USDT and USD is a stable currency. Although the price is always changing, there is nothing Big fluctuations are basically the sideways shown below

B. Does the price drop of USDT have anything to do with earnings?

USDT Also known as Tether, it is a virtual currency that links the cryptocurrency to the legal currency U.S. dollar, and undertakes the responsibilities of exchanging legal currency and paying.

In the digital currency market, USDT replaces the US dollar and becomes the actual currency for transaction, settlement and exchange. 1USDT=1 USD.

Due to changes in the price of USD, the actual exchange price of USDT will also change. Take the RMB against the US dollar as an example. This year, the appreciation of the RMB is relatively large, which makes the US dollar relatively cheaper, which also leads to a cheaper price when USDT is converted into RMB.

USDT/RMB price

C. Is USDT the same as USD?


Not the same, USDT is a virtual currency and USD is a real cash dollar.

D. What do you think about the collapse of USDT, do we need to worry about the collapse of USDT?

USDT is Tether, a digital currency pegged to the US dollar, this It is legal currency, and it is different from other digital currencies. How can it collapse?

E. What does the drop in usdt indicate

The drop in usdt indicates that the market is volatile and also It shows that investors are not very optimistic about the currency in the market. The exchange of stable currency and legal currency in the market has not established a relatively smooth mechanism, so if usdt has a credit crisis in the market, then investors may take the lead in exchanging such currencies for Ethereum and the like. Instead of the dollar, this time will lead to its sharp rise. In the face of the decline of this currency, many investors have said that the US dollar is behind Usdt, so the chances of a complete collapse are not very large.
Extended information:
1. On October 17, 2021, usdt plummeted, triggering a massive sell-off. After the drop, BTC/USD ended the day slightly up 2%. At the same time, Tether’s USDT/USD pair fell below 0.95 at the opening of the Asian market. On October 15, 2021, USDT suffered a lot of panic selling, and its price plummeted by 13% at one point. However, the pair started to gain momentum in early Asian trading, jumping to 7,800 from earlier lows near 6,300.
2. Features of Tether
1) Stable currency
Tether converts cash into digital currency, anchoring or pegging the prices of national currencies such as USD, EUR and JPY.
2) 100% backed
In our foreign exchange reserves, traditional currencies always back every currency 1 to 1. So $1_ is always equal to $1.
3) Transparent
Our foreign exchange reserves are published daily and are subject to frequent professional audits. Everything in circulation always matches our reserves.
4) Blockchain Technology
The Tether platform is built on the basis of blockchain technology, taking advantage of the security and transparency they provide.
5) Extensive Integration
Tether is the most extensive digital-fiat currency. Use tethers on Bitfinex, shapUNK, GoCoin and other exchanges.
6) Security
Tether’s blockchain technology provides world-class security while meeting international compliance standards and regulations.
The biggest feature of USDT is that it is equivalent to the same amount of US dollars, 1USDT=1 US dollar. Making it a good store of value token in the volatile cryptocurrency market.

How does F. usdt convert RMB and USD, is the method the same?

USTD (Tether) is a cryptocurrency that is pegged to the fiat currency U.S. dollar Virtual currency cannot be directly exchanged with RMB. Generally, it can be exchanged with USD 1:1, 1USDT=1 USD, and investors can exchange it at any time.

The above data is for reference only, and the official website of Tether company shall prevail.
According to the notices and announcements issued by the People’s Bank of China and other departments, virtual currency is not issued by monetary authorities, does not have currency attributes such as legal compensation and mandatory, is not currency in the true sense, and does not have legal equivalent to currency. Status, can not and should not be used as currency in the market, citizen investment and trading virtual currency are not protected by law.

Response time: 2021-01-20, please refer to the official website of Ping An Bank for the latest business changes.
[I know Ping An Bank] Want to know more? Come and see “I know Ping An Bank”~

G. Why USDT It is more expensive than the US dollar

Because many people use USDT as an intermediate currency, USDT is generally required for currency transactions on exchanges such as currency exchange, and the total issuance of USDT is only 3 billion pieces. Therefore, the price of USDT will be more expensive than the US dollar.�Point

H. Will USDT collapse, and whether USDT in hand will return to zero?

It is recommended that you do not hold a large amount of USDT for a long time. If you want to In a protracted battle, it is better to choose large-cap currencies such as Bitcoin and Ethereum. After all, it is not easy for us, and we must cherish it!

USDT is issued and traded using the Omni (original Mastercoin) protocol, and Omni coin can be said to be the first 2.0 currency on the market based on the Bitcoin blockchain.

So the parameters such as transaction confirmation of USDT are consistent with those of Bitcoin. According to Craig Sellars, CTO and co-founder of Tether, users can wire USD to a bank account provided by Tether via SWIFT, or exchange USDT via the Bitfinex exchange. When redeeming USD, the reverse operation can be done. Users can also exchange Bitcoin for USDT on the above two websites.

Tether development track:

In late November 2014, Realcoin, a company registered in the Isle of Man and Hong Kong, changed its name to Tether.

When it was released in February 2015, it had a thick leg. At that time, the largest trading platform for Bitcoin futures trading: bitfinex announced to support the trading of Tether (hereinafter referred to as USDT). Subsequently, the altcoin trading platform Poloniex exchange also supported USDT. With the strong rise of Ethereum, has a hidden leading position in the altcoin trading platform, and it has also contributed to the transaction volume of USDT.

I. The main reason for the price drop of USDT in the last two days

If the main reason for the price drop in the last two days is that its price fluctuates greatly, and then the news also Not very good, so it will drop.


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