$USDC USDT is widely used in the cryptocurrency ecosystem to facilitate trading, provide liquidity, and as a stable store of value. Its adoption is due to its relative stability compared to the volatility of other cryptocurrencies, such as Bitcoin or Ethereum.

Although USDT is marketed as fully backed by reserves, the composition and transparency of those reserves have undergone regulatory scrutiny in the past. However, Tether has published periodic reports on its reserves to increase transparency.