#USDT USDT (Tether) is a stablecoin — a type of cryptocurrency that is pegged to the value of a traditional currency, most commonly the US Dollar. This means 1 USDT = 1 USD, providing a reliable store of value without the price volatility seen in Bitcoin, Ethereum, or other cryptocurrencies.
Launched in 2014 by Tether Ltd., #USDT was among the first stablecoins and remains the most dominant one by market capitalization and daily trading volume.
How Does USDT Work?
USDT operates on multiple blockchain networks, including:
Ethereum (as an ERC-20 token)
Tron (as a TRC-20 token)
Binance Smart Chain (as a BEP-20 token)
Solana, Avalanche, Algorand, and others
Tether claims that each USDT token is backed 1:1 by reserves, including cash, commercial paper, and other assets.
