What does it mean that USDT is locked out (USDT is locked out when buying coins)
<img src='https://img.doulai.com/pic/enpic.php?k=usdt Locked What does it mean? Imgalt=usdt Locked What does it mean? Images}
usdt Locked What does it mean? Usdt Locked What does it mean? Why is USDT locked in
According to the Bitcoin white paper, a Stablecoin can be converted into US dollars at a ratio of 1:1. Generally, there are two currencies: USDT, BTC, and ETH. For example, 1 USDT=1 RMB, 2 Bitcoins=0.1 USD or 10 USD. If USDT wants to redeem 100U, it needs to deposit the funds into it, but when USDT wants to redeem it back in the market, it must start depositing again. At this time, only holding 1 unit of Bitcoin is considered an asset, as Bitcoin can be purchased without value support. Therefore, when the price of Bitcoin drops, investments cannot be made anymore
The usdt coin is locked
Recently, the usdt coin is locked on Ethereum, which is an anchored Stablecoin. Users can use usdt to purchase Cryptocurrency such as bitcoin and Litecoin, and convert them into Fiat money or use other tokens issued by them for settlement; The digital assets held can also be traded through swap or directly deposited into the exchange to obtain interest income According to statistics, there are currently 100 million Bitcoins locked in USDT accounts. At current prices, the value is approximately $200 million, and if we add USDT holdings, it is approximately RMB 1 billion (approximately $900 million).
This article and pictures are from the Internet and do not represent 96Coin's position. If you infringe, please contact us to delete:https://www.96coin.com/59113.html
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.