What is USDT?
Have you 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 cryptos.
Why is it important?
It facilitates trading on exchanges.
Allows fast and cheap transfers, without depending on banks.
Helps traders to 'exit risk' during market downturns.
Curiosity:
USDT is one of the most used cryptos in the world, with daily volume exceeding even $BTC.
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