What does ETHUSDT on Huobi mean?

Ⅰ What is the concept of USDT

USDT is a virtual currency pegged to the fiat currency US dollar. , Obtain virtual currency backed by French fiat currency.

Tether (USDT) is a token TetherUSD (hereinafter referred to as USDT) based on the stable value currency U.S. dollar (USD) launched by Tether. 1 exchange.

(1) What does ETHUSDT on Huobi mean? Extended reading:

Introduction to the increase of Tether

The price of Tether is 1.04 US dollars, up 3.23% from the previous day, with a total market value of 1.69 billion US dollars. In addition to Tether, most virtual currencies, including Bitcoin, Ethereum, Litecoin, etc., have experienced sharp declines. The vast majority of them have losses in excess of double-digit percentages when measured by market capitalization.

For example, Ripple fell by 26%, Bitcoin fell by 24%, IOTA fell by 27%, and Monero fell by 22%. At the lowest point, many virtual currencies with relatively large market capitalizations shrunk by nearly 50%.

Ⅱ What does USDT, 5X mean behind the digital currency of Huobi Exchange

Tether (USDT) is a stable value currency based on the U.S. dollar (USD) launched by Tether. ) token TetherUSD (hereinafter referred to as USDT), 1USDT = 1 US dollar, users can use USDT to exchange 1:1 with USD at any time.

Tether strictly abides by the 1:1 reserve guarantee, that is, for every USDT token issued, its bank account will have a fund guarantee of 1 USD. Users can conduct fund inquiries on the Tether platform to ensure transparency.

(2) What is the meaning of ETHUSDT on Huobi? Extended reading:

The role of USDT on Huobi is as follows:

1. Avoid the overall downside risk

There are three common situations in currency trading, taking LTC/BTC trading as an example:

After buying LTC with BTC, both BTC and LTC are rising, You enjoy two benefits;

After buying LTC with BTC, one of BTC and LTC goes up and the other goes down, your benefit depends on the ups and downs of the two currencies, which is bigger. Earn only if any one rises more than the other falls. Anyway, it’s a loss. If the rise and fall are equal, there is no profit or loss;

After buying LTC with BTC, in extreme market conditions, both currencies are falling, and you need to bear two losses. This is often the worst.

But with USDT, when the price of the currency falls, you can immediately exchange the currency for USDT, so as to ensure that your assets will not shrink.

2. Reverse operation digital currency withdrawal

The recharge is very simple. The USDT company said that investors can wire US dollars to Tether’s bank account through SWIFT, or exchange USDT through Bitfinex exchange .

If you have made a lot of money and want to withdraw, you can first convert the currency in your hand to USDT, and then convert it to USD through Tether or other platforms. Here you can find that if you complete the certification of the USDT company, you can directly trade on other currency exchange platforms that do not require certification, and you do not need to re-certify other platforms.

Ⅲ Why is Huobi.com usdt and eth deposit address the same?

The most powerful digital currency should be the worst, and they are all fake Yes, a lot of hype is deceptive, be careful

IV What does USDT mean

USDT is based on the stable value currency USD USD launched by Tether. Token Tether USD (USDT for short), 1USDT=1 USD.

Users can use USDT to exchange 1:1 with USD at any time. The biggest feature is that it is equivalent to the same amount of US dollars, 1USDT=1 US dollar.

USDT is not a new currency, it has been online for trading as early as 2015, but due to the late introduction of domestic exchanges, many investors do not know it very well.

Before OKEX and Huobi Pro listed USDT, Bittrex, Poloniex, HitBTC, Binance, Kraken, Cryptopia, Liqui and other platforms can trade USDT.

After currency trading, many investors are more concerned about how to convert their tokens into fiat currency. The emergence of USDT provides a channel for everyone to exchange their tokens into fiat currency.

(4) What does ETHUSDT on Huobi mean? Extended reading

Tether features

1. Stable currency:

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Tether converts cash into digital currency, pegging or pegging the price of national currencies such as the US dollar, euro and yen.

2, 100% support:

In foreign exchange reserves, traditional currencies always back each currency 1 to 1. So $1₮ is always equal to $1.

3. Transparency:

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.

IV What is the use of usdt in Huobi.com

You can buy other currencies, and you can also buy and sell contracts

VI Three types of bitcoin blue whales What do BTC, ETH, and USDT mean

BTC is Bitcoin, ETH is Ethereum, and USDT is a token issued by the American Tether Company for the equivalent of the US dollar

Ⅶ What currency is USDT and how to convert it into RMB

USDT is Tether and cannot be converted into RMB. “Notice on Carrying out Self-Inspection and Rectification of Payment Services for Illegal Virtual Currency Transactions” “All payment institutions in the jurisdiction carry out self-inspection and rectification work, strictly prohibit the provision of services for virtual currency transactions, and take effective measures to prevent payment channels from being used for virtual currency transactions.

Tether is a combination of cryptocurrency and legal Currency U.S. dollar-linked virtual currency. Each Tether token is associated with a government-backed legal currency. Tether is a virtual currency kept in a foreign exchange reserve account and backed by legal tender. This method can effectively prevent The price of cryptocurrencies fluctuates greatly, and basically one Tether is worth 1 USD.

On January 16, 2018, among the top 50 cryptocurrencies in the world by value, most of the digital virtual cryptocurrencies All suffered a sharp drop in price, but the price of Tether rose against the trend. The price of Tether was $1.04, up 3.23% from the previous day, and the total market value was $1.69 billion. In addition to Tether, including Bitcoin, Ethereum , Litecoin and most other virtual currencies have experienced a sharp decline.

(7) What does ETHUSDT mean on Huobi? Extended reading:

2017 In 2008, the “Announcement on Preventing Token Issuance Financing Risks” issued by the regulatory authorities clearly pointed out that financial institutions and non-bank payment institutions shall not carry out business related to token issuance financing transactions. It shall not directly or indirectly provide products or services such as account opening, registration, trading, clearing, settlement, etc. for token issuance financing and “virtual currency”, and shall not underwrite insurance business related to tokens and “virtual currency” or transfer tokens and “virtual currency”. “Virtual currency” is included in the scope of insurance liability.

The China Internet Finance Association issued the “Risk Warning on Preventing Disguised ICO Activities”, calling for consumers and investors to recognize the essence of the relevant model and strengthen risk prevention Consciousness, rational investment, and don’t blindly follow the trend and hype. Previously, blockchain technology was once sought after by many listed companies and capital markets, but it also raised questions about whether it was over-hyped and “stepping on the red line”.

Ⅷ What does usdt mean in the stock market

It is a virtual currency that links the cryptocurrency to the fiat currency US dollar. A virtual currency kept in a foreign exchange reserve account and backed by fiat currency.

Tether (USDT) is a token Tether USD (hereinafter referred to as USDT) based on the stable value currency U.S. dollar (USD) launched by Tether. :1 exchange.

Tether strictly abides by the 1:1 reserve guarantee, that is, for every USDT token issued, its bank account will have 1 USD of funds guaranteed. Users can conduct fund inquiries on the Tether platform to ensure transparency

Tether is a virtual currency that links the cryptocurrency to the fiat currency US dollar. Each Tether will be symbolically tied to a government-backed fiat currency. Tether is a virtual currency kept in a foreign exchange reserve account and backed by fiat currency. This method can effectively prevent the price of cryptocurrencies from fluctuating greatly. Basically, a Tether is worth 1 USD.

(8) What does ETHUSDT on Huobi mean? Extended reading:

On January 16, 2018, among the top 50 cryptocurrencies in the world by value , Most of the digital virtual cryptocurrencies suffered a sharp drop in price, but the price of Tether rose against the trend.

The price of Tether was $1.04, up 3.23% from the previous day, with a total market capitalization of $1.69 billion. In addition to Tether, most virtual currencies, including Bitcoin, Ethereum, Litecoin, etc., have experienced sharp declines. The vast majority of them have losses in excess of double-digit percentages when measured by market capitalization.

For example, Ripple fell by 26%, Bitcoin fell by 24%, IOTA fell by 27%, and Monero fell by 22%. At the lowest point, many virtual currencies with relatively large market caps shrunk by nearly 50%.

IX What is the relationship between USDT, BTC and ETH on Huobi.com

1. The prices of BTC and ETH you see on this platform are not real The price against the US dollar, but the price in USDT currency, USDT is priced in over-the-counter legal currency transactions. Their ups and downs are calculated in USDT, and all three of them are virtual currencies, just currency transactions, not real US dollar prices.

2, USDT is completely�The domestic altcoin, formerly called realcoin, just changed its name, and realcoin is the second generation of domestic altcoins, and the first generation is called CHNcoin, both of which are in 2013 and 2014. There have been crashes and runaway events.

3. The actual value of USDT can be said to be equal to 0. The TEDA company that issued USDT stopped providing any services to American citizens, that is to say, TEDA company cannot provide USDT to USD exchange and withdrawal.

(9) What does ETHUSDT mean on Huobi? Extended reading:

1. Huobi.com is a safe and reliable bitcoin trading platform in China. ZhenFund, Dai Zhikang, Sequoia Capital (shareholders of many world-renowned companies such as Apple and Alibaba) have invested 10 million yuan in the A round of capital investment. Huobi implements strict risk control management and operates stably. As of the end of 2016, Huobi’s cumulative turnover reached 2 trillion yuan.

2. Huobi will mainly focus on overseas transactions in the future. Founder Li Lin said in an open letter that he is currently developing 5 major businesses around the world, including Huobi Global Professional Station, Huobi Korea, Huobi China, Huobi Wallet, and Huobi Global USD Station. Among them, Huobi China focuses on blockchain technology research and development and application information, while Huobi Korea and Huobi Global Dollar Station will continue to provide digital asset trading services between local fiat currencies and digital currencies.

Ⅹ How to exchange usdt for eth on Huobi.com

Hello, directly select the ETH/USDT trading pair and then use USDT to buy ETH.

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