#USDT is a cryptocurrency issued by#TetherLimited and pegged to the US dollar. Tether is a subsidiary of Bitfinex, one of the world's largest cryptocurrency exchanges, founded in 2014. (It can be said that it was claimed that they were not together in the beginning.)
The launch of USDT comes at a time when the cryptocurrency market is increasingly unstable. Cryptocurrencies were considered risky by traditional investors due to their high volatility. The peg of USDT to the US dollar was aimed at bringing more reliability to the cryptocurrency market. Hence, it has rapidly gained popularity since its release.