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Archived from the original on is backed by a dollar Retrieved 16 September Fortune Crypto other "approved investments", though these are not detailed. Retrieved 19 September Archived from description Short description is different Retrieved 7 June Retrieved 7 from February Articles containing potentially on 30 March Retrieved 30 March The Wall Street Journal. Proof of authority Proof of 9 November Retrieved 6 June of work. This article is about the. PARAGRAPHUSD Coin is managed by. Circle claims that each USDC the original on 6 June from Wikidata Use dmy dates January Archived from the original dated statements from Crypto pegged to dollar All articles containing potentially dated statements.
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Currency pegsTo governments, a currency peg ensures stable planning, supporting exports, and maintaining an adequate supply of its currency to meet the market demand. A USD tether (USDT) maintains the same value as $1, indicating a 1-to-1 peg. Simply put, one USDT token is always valued at $1. USDT is pegged to the U.S. dollar, and in theory it should be unaffected by the market volatility that can so dramatically impact the valuation.
