Welcome to another episode of Crypto Explained. In this episode, we’ll be discussing USDT, the popular cryptocurrency backed by the US Dollar.
In recent months, USDT has come under fire after it was revealed that the coin is no longer backed by USD. This means that the value of USDT is no longer tied to the US Dollar and instead is determined by the market.
This has caused some concern among users, as they worry that USDT may become more volatile and unpredictable. Additionally, there have been some reports of USDT being used to manipulate the market.
It’s important to note that USDT is still a popular and widely used cryptocurrency. However, it is important for investors to be aware of the changes in its backing and to understand the risks associated with using it.
That’s all for this episode of Crypto Explained. Thanks for watching and stay tuned for more episodes.
