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USDT+ is a stablecoin that generates yield at a rate of 9-12% per annum through daily rebase. It is fully backed by a portfolio of low-risk DeFi assets, such as lending protocols and stable-to-stable liquidity pools. This approach allows for avoiding losses and generating daily profits. USDT+ can be instantly minted and redeemed against USDT upon request. It serves multiple purposes including liquidity management, AMM trading, and leveraged yield farming. By using USDT+, users can benefit from capital efficiency by earning extra yield on idle stablecoins and utilizing them in major protocols. Currently available on BNB Smart Chain, USDT+ is also expanding to other chains. One of the advantages of USDT+ is its ability to maintain the peg without deploying its own capital. This is achieved through instant minting/redeeming against USDT, allowing for arbitrage using flash loans. USDT+ is equivalent to USD+ and is pegged to USDT at a 1:1 ratio. It consists of both USDT (Aave) and USD+. Designed for boosted pools on BSC, USDT+ cannot be minted separately.
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- I'm curious about the current price of USDT tether. Can you tell me what the current price is and where I can find this information?2021-11-25
- What are the benefits of using USDT tether as a stablecoin in cryptocurrency trading? How does it help traders in their transactions and investments?2021-11-25
- Can you explain the key differences between USDT tether and other stablecoins such as USDC and BUSD? What makes them unique and how do they differ in terms of their underlying technology and value proposition?2021-11-25
- Can you recommend some reliable sources where I can find information about the USDT stablecoin? I want to stay updated on its latest developments and understand how it works.2021-11-25
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- I'm located in Ontario, Canada and I'm interested in buying USDT (Tether). Can someone guide me on how to buy USDT in Ontario? What are the available options and platforms that I can use? I would appreciate any recommendations or advice on the best way to purchase USDT in my region. Thank you!2021-11-25