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Is Usdt same as USD?

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USDT is a stable coin that's pegged to the United States Dollar (USD). It has a 1:1 ratio with USD. This means that 1 USDT is approximately 1 USD at all times. This also means that if the value of 1 dollar is 480 Naira, the value of 1 USDT would be 480 Naira as well.
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