#BinanceHODLerPLUME Do you mean Tether (USDT)? 👀
Let me simplify:
Tether (USDT) is a type of stablecoin.
This means its value is always approximately equal to $1.
Its goal is to enable people to quickly transfer their funds within cryptocurrency exchanges without being significantly affected by price fluctuations in currencies like Bitcoin or Ethereum.
The company that prints it is called Tether Limited, and it says that every USDT is backed by a reserve of dollars or assets of equivalent value.
It is widely used in trading, international transfers, and as a temporary storage of value away from market volatility.
⚠️ Note: There is always debate and skepticism about the transparency of Tether's reserves, so some investors approach it with caution.