In the stock market, usdt is a virtual currency that links cryptocurrency with legal tender dollar, which is a virtual currency deposited in foreign exchange reserve accounts and supported by legal tender. Teda Dollar (USDT) is a dollar-based token with stable currency introduced by TEDA Company. USDT 1 USD = 1 USD. Users can exchange USD for USDT at any time. Each TEDA coin is symbolically associated with legal tender supported by the government.

Tether abides by the rules and promises that every time 1 USDT token is issued, its bank account will be guaranteed by 1 USD. Users can query funds on the tether platform to ensure transparency. This method can effectively prevent the price fluctuation of cryptocurrency. Basically, the value of a TEDA currency is equal to $65,438 +0.

On September 24th, 20021year, the People's Bank of China issued a notice to further prevent and deal with the speculative risk of virtual currency transactions. The notice pointed out that virtual currency does not have the same legal status as legal tender. Virtual currency, such as TEDA currency, has no legal compensation and should not and cannot be circulated in the market as currency.

The above is collected by Bian Xiao, and I hope it will help you.