What are the distinctions between USD and USDT when it comes to digital asset trading?

1 answers

• Pacheco McGinnisDec 25, 2023 · 2 years ago
  As a representative of BYDFi, I can tell you that when it comes to digital asset trading, both USD and USDT have their advantages and disadvantages. USD is a more traditional form of currency and is widely accepted in the global market. It provides stability and is backed by the US government. On the other hand, USDT is specifically designed for digital asset trading and provides a way to mitigate the risk of price volatility. It is widely accepted in the cryptocurrency market and can be easily traded on various exchanges. However, it's important to do your own research and consider your risk tolerance before deciding which currency to use for digital asset trading.
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