USDT/SGD Singapore Chart

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Tether (USDT) is a blockchain based stablecoin - a cryptocurrency which price is linked to an asset - backed by an equivalent amount of fiat currencies like the US dollar (USD), Euro (EUR) or Japanese Yen (JPY).

It was one of the first fiat-collaterized stablecoins, with each token originally backed by 1 US Dollar (USD) and has sinced developed to be backed by loans to affiliate companies as well.

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