USDT, or Tether, is a stablecoin pegged to the US dollar. It's designed to maintain a stable value, reducing the volatility often associated with other cryptocurrencies. USDT is widely used in the crypto market for various purposes, including [1][3]:

- *Trading*: USDT is often used as a base currency for trading pairs, allowing users to easily move in and out of positions without converting to fiat.

- *Hedging*: Investors use USDT to hedge against market volatility, as its value remains stable relative to the US dollar.

- *Remittances*: USDT can be$USDC