USDT (Tether)

Tether (USDT) is a type of digital currency called a stablecoin, designed to maintain a stable value by being pegged 1:1 to the US dollar. This means that for every USDT in circulation, there is generally an equivalent amount of USD held in reserve by Tether’s issuer. USDT allows users to transfer funds quickly across cryptocurrency platforms without the volatility typical of other digital assets, making it useful for trading and transactions. While it aims to provide stability, transparency about its reserves and backing has been a topic of ongoing review and debate.