USD vs USDT

[zhekinsp]

Do USD and USDT have more or less or the same thing in terms of the price difference? please suggest because I am planning to buy some USDT.

Actually stable coins have no difference,but I would like to know the purpose of buying a stable coin?

It has no benefits unless you are a trader so understand that and buy the right coin.

[nasipadang]

Do USD and USDT have more or less or the same thing in terms of the price difference? please suggest because I am planning to buy some USDT.

Didn't the USDT put assets on the USD ? so I think the value won't be much different from the value of USD. It's just because USDT is a cryptocurrency that is easy to fluctuate when compared to fiat and central USD.

[TGD]

Do USD and USDT have more or less or the same thing in terms of the price difference? please suggest because I am planning to buy some USDT.

Didn't the USDT put assets on the USD ? so I think the value won't be much different from the value of USD. It's just because USDT is a cryptocurrency that is easy to fluctuate when compared to fiat and central USD.

USDT is backed by USD. Buy they really have price difference due to variance of crypto price but in normal condition. USDT must pegged to USD price so this means that USDT is a crypto version of USD so which means that they are not really different.

[pamsugas]

my question why buy USDT?
USDT and USD have the same value, USDT is supported by cash and cash equivalents
You can read more details here https://www.coindesk.com/tether-says-its-stablecoin-is-fully-backed-again

[7788bitcoin]

Do USD and USDT have more or less or the same thing in terms of the price difference? please suggest because I am planning to buy some USDT.

As many advised, it is not wise to hold USDT, if you are able to withdraw USD or planning to hold in fiat for a long time then USD is what you should look to hold rather than a shady coin like USDT which can burn down anytime, even i used to convert my holding in USDT before they started producing millions of coins before the last rally without any transparency and it was well documented in this forum and after that i never used that coin as you never know when it will vanish and now they have legal issues because of their shady practices.

[Ucy]

Do USD and USDT have more or less or the same thing in terms of the price difference? please suggest because I am planning to buy some USDT.

I guess Op wants to know the difference in order to be sure of what he's buying.
USDT is simply pegged to USD. USD is the actual currency which USDT depends on for its own price & stability. If USD rises up, USDT will likely rise up too. If USD falls, USDT will likely fall too. One follows the other... So you should always expect usdt price adjustment to tally with USD price . I don't know if this is how things are handle by Tether though.

[RussiaUkraineTranslation]

USDT is on most exchanges like binance and ecxx but eventually CBDCs will be used.

[kevinzxz]

Do USD and USDT have more or less or the same thing in terms of the price difference? please suggest because I am planning to buy some USDT.

Why do you want to buy USDT? because USDT is a stable coin, therefore I would advise you to save USD rather than USDT, because USD is real money, so I suggest you to buy another cryptocurrency to be used as an investment, so that you can get a big profit from investing in cryptocurrency.

[CarnagexD]

Why are you planning on buying USDT in the first place? When you're holding USDT, you're trusting Bitfinex that the value will stay $1, which I really don't suggest doing. They've been pretty shady for a while now so I personally wouldn't hold USDT for more than 24 hours. If holding actual USD is not possible for you, I'd trust other stablecoins like PAX and TUSD instead.

Do you due diligence as always.

This guy says smart things. The problem is that USDT is not a fiat currency, but only represents it like any stable coin of this type.
The Bitfinex exchange is responsible for USDT, however.

Although USDT is not fiat currency it mirrors the price of the USD as it peg for 1:1 ratio making it quite stable. Stable coin like this is a good safe haven for trader to avoid market high volatlity and provides a quick in and out action as the market plummets. Bitfinex and USDT has the same CEO but they are negotiating differently for payment settlements.

I've read an article addressing problem with USDT 7 months ago but noticed that the price did not dive given that the team behind USDT mistakenly type an amount while transferring to TRON chain. Ridiculous.

this exchange has a lot of attention from the law and regulators, which is not very good.

I don't go to Bitfinex very much often but yeah just look at this tweet post by them, seems like they have an ongoing lawsuit.
https://twitter.com/bitfinex/status/1195399042009841669?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet

I'll withdraw from Bitfinex as much as possible. imo.

[the rise]

the price difference between the two coins was once striking when the USD experienced market turmoil, and on the other hand bitcoin experienced a sharp decline, a gap that occurred nearly $ 1 at the time, but not an important issue because tether quickly adjusted conditions. from the security level is still questionable, but so far there is no risk, so it is still safe to buy.

[JeffBrad12]

It's basically the same thing if you still confused. USDT is a digitalized version of the USD fund reserved by the company tether the price fluctuation or gap is just because the buy and sell request kinda  massively dumped at the same time.

Do USD and USDT have more or less or the same thing in terms of the price difference? please suggest because I am planning to buy some USDT.

Why do you want to buy USDT? because USDT is a stable coin, therefore I would advise you to save USD rather than USDT, because USD is real money, so I suggest you to buy another cryptocurrency to be used as an investment, so that you can get a big profit from investing in cryptocurrency.

Well maybe because he wants to buy USDT for the sake of convenience when it comes to buying cryptos? I'm pretty sure that the existence of USDT alone is a proof that having USD is kinda hard to deal when you want to buy crypto and it's not always about investment. Sometimes people using USDT for the sake of sending money to someone they know or in other word remmitance.

[4maxzath7]

Do USD and USDT have more or less or the same thing in terms of the price difference? please suggest because I am planning to buy some USDT.

I think USD and USDT are also Stablecoin, so the option to buy one option is to make two good choices for you, best i recommend you buy USD =))

[Doell]

difference certainly exists but my advice is better to invest in bitcoin or altcoin ,myself think stablecoin is just bullshit price stability does not help make better profits just to divert funds when there is a collapse in the crypto market but it can also be allocated to fiat so what's the difference usd is better for me than usdt

[NewRanger]

Do USD and USDT have more or less or the same thing in terms of the price difference? please suggest because I am planning to buy some USDT.

Actually stable coins have no difference,but I would like to know the purpose of buying a stable coin?

It has no benefits unless you are a trader so understand that and buy the right coin.

i think so,its just a project for developers team so they could take advantages and dari money from this trend. USD or USDTD or whatever ,there is no differences and unfortunately we dont understand the reason why dev team create it.  I am sure in near future we will see new stable coins that has similarity with existing coins. Know we have several stable coins now and we see more in future.

[spadormie]

It actually does not have any difference but I'm sure that both of these are stable coins. And stable coins are by its word, stable it means that it is having only a concrete price. USDT is almost staying at 1 dollar. Its current price is 1.01 dollars via CMC. https://coinmarketcap.com/currencies/tether/

[Blackdeath]

Do USD and USDT have more or less or the same thing in terms of the price difference? please suggest because I am planning to buy some USDT.

USDT and USD are commonly the same because they are only good for making transactions and they don't make a huge movement in their price, that is why it will be better if you buy other altcoin rather USDT such as ETH, BNB, and LTC because they are more profitable and they have a more greater value, while USDT is only good for storing your funds when the market is down.

[Serco]

my question why buy USDT?
USDT and USD have the same value, USDT is supported by cash and cash equivalents
You can read more details here https://www.coindesk.com/tether-says-its-stablecoin-is-fully-backed-again

in thats article said usdt backed up by $4.56 billion in U.S. dollars, $44 million in euros and $3.3 million in Chinese renminbi . and my question for that statement was who is the developers team that behind on USDT and is it real crypto currency backed with real money as if its like official currency from any countries. I am doubt any crypto developers that have money for that amount and actually who are they? Finance institution or private investors?

[Annisa_crypto]

What is USDT: https://www.investopedia.com/terms/t/tether-usdt.asp
What is USD: https://www.investopedia.com/terms/u/usd.asp
USDT is the stablecoin backed up with USD. The price is not exactly 1.0000, but it is much more stable than the crypto market.

Thank you for sharing these links for my better understanding. I will definitely go through it and will keep all these things in mind before doing any investment.Also In that article, it has mentioned that all BTC trading is done in tether so what does that sentence mean?

[babicena14]

The price of USDT is pegged to the dollar and therefore their difference in value is almost imperceptible. You can keep your funds in USDT if you need to fix the profit in some stablecoin and then, if necessary, transfer the amount to dollars.

[TryNinja]

The price of USDT is pegged to the dollar and therefore their difference in value is almost imperceptible. You can keep your funds in USDT if you need to fix the profit in some stablecoin and then, if necessary, transfer the amount to dollars.

Keep in mind that:

1) USDT isn't necessarily pegged 1 = 1 with USD since they haven't proved their liquidity and sometimes they print USDT in an weird and shady way out of nowhere. Many people think they aren't really backed by anything.
2) It reached $0.92 once and bellow $1 several times.