Is USDT same as USD?

[SohyunPark]

What is the difference? They look the same.

[MrSpasybo]

1 USDT  = 1 USD, but USDT is not USD. USDT is saved on blockchain, you can buy or sell it.

[Redix]

The value of USDT is the same as USD but USDT is a digital coin. It should be clear enough the difference between them. USDT is created to make people easier to use it in crypto investment and maybe for the online payment for purposes. While USD is a national and international currency. IMO 

[tranduong123]

The value of the USD is supported by the US government, most cryptocurrencies are tied to the USD, which makes trading in cryptocurrencies easier for users. This is why there are currencies like USDT.
Tether, the company responsible for issuing USDT in circulation, maintains USD equivalent to USDT value in reserves at all times. Otherwise, the value of a USDT cannot be guaranteed to be equal to one USD. Although this concept has many meanings on paper, things have not been easy for Tether and USDT to date because of the transparency issues.

[jenica]

They are different, because USDT is made using a decentralized blockchain, whereas for USD it is fiat currency. But they have the same exchange rate

[U-92]

The value of the USD is supported by the US government, most cryptocurrencies are tied to the USD, which makes trading in cryptocurrencies easier for users. This is why there are currencies like USDT.
Tether, the company responsible for issuing USDT in circulation, maintains USD equivalent to USDT value in reserves at all times. Otherwise, the value of a USDT cannot be guaranteed to be equal to one USD. Although this concept has many meanings on paper, things have not been easy for Tether and USDT to date because of the transparency issues.

It is also worth adding that the USDT is still trading below $1, when the rate should be strictly 1:1.

[Vani]

It is not always possibel to exchange back to USD when the price falls or raises suddenly thus people use tether bitcoin or vis versa to enter and exit the trade.

[vanjava]

What is the difference? They look the same.

obviously very different between usdt and usd. value is almost the same, but usdt uses blockchain technology and can be traded. while the usd dollar is the money reference for many countries.