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What is U Contracts (USD T Contracts)?

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What is U Contracts? According to the official website, U Contracts is a contrac

What is U Contracts (USD T Contracts)?

What is U Contracts? According to the official website, U Contracts is a contract based on Ethereum that is pegged to the US dollar. The U Contracts will be audited by the Internal Revenue Service (IRS) and will be tracked and reported. Through this technology, users can purchase virtual currencies overseas and also gain certain profits from it.

In addition, U Contracts is also a digital asset derivative service launched by the Singapore Exchange, which allows customers to buy and sell various virtual goods and services using their digital assets. At the same time, U Contracts also provide traders with a one-stop digital financial solution to improve trading efficiency and reduce risks.

USD T Contracts

According to the USD T contract, currently, there are two trading pairs available on the market: USD T/USD and USD T to Bitcoin. One is the spot trading where USD T is pegged to the US dollar (i.e., 1 U). The other is to buy Bitcoin through the OTC market from market makers to obtain cash flow. This model is more popular in traditional financial sectors, but due to higher funding costs, it cannot achieve higher returns, which has made many investors hesitate. Therefore, we recommend investors to maintain rational and cautious investment, avoid losses, and pay extra attention to risk control.

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