What is USDT?
Have you ever seen the acronym USDT and wondered what it is in the crypto world?
USDT, also known as Tether, is:
A stablecoin — that is, a cryptocurrency pegged to the value of the US dollar.
Its value is stable: 1 USDT ≈ 1 USD.
Widely used to protect capital from the volatility of cryptocurrencies.
Why is it important?
Facilitates trading on exchanges.
Allows for fast and cheap transfers, without relying on banks.
Helps traders to 'exit risk' during market downturns.
Curiosity:
USDT is one of the most used cryptocurrencies in the world, with a daily volume that even exceeds $BTC .
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