What are USDT contract and USD contract?
The difference between a USDT contract and a USD contract lies in their pricing units and trading methods.
A USDT contract is a derivative contract that uses a stablecoin (typically a USD-pegged stablecoin like USDT) as its pricing unit. Traders use stablecoins for trading in U-based contracts, and profits and losses are also calculated in stablecoins. This type of contract is suitable for traders who prefer to trade and manage risks with a fixed value.
A coin-based contract is a derivative contract that uses a cryptocurrency (such as Bitcoin, Ethereum) as its pricing unit. Traders use cryptocurrencies for trading in coin-based contracts, and profits and losses are also calculated in cryptocurrencies. This type of contract is suitable for traders who prefer to trade based on cryptocurrency benchmarks.
In summary, U-based contracts are priced in stablecoins and are suitable for traders pursuing a fixed value, while coin-based contracts are priced in cryptocurrencies and are suitable for traders pursuing cryptocurrency benchmarks.
Information content does not constitute investment advice, investors should make independent decisions and bear their own risks