Tether ($USDT), a prominent stablecoin, plays a crucial role in the cryptocurrency ecosystem. Pegged to the US dollar at a ratio of 1:1, USDT aims to provide stability in the often-volatile crypto market. Its widespread use facilitates trading, lending, and borrowing across various exchanges and decentralized finance (DeFi) platforms. While its stability is a key feature, discussions around its reserves and transparency remain important for the broader crypto community. Currently trading at approximately ₹83.45, USDT serves as a vital bridge between fiat and digital currencies. #USDT #Tether #Stablecoin #Crypto #DeFi $USDT
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