#SaylorBTCPurchase
USDT (Tether) is a stablecoin, a type of cryptocurrency that is designed to maintain a stable value by being pegged to the U.S. dollar. That means 1 USDT is intended to always equal 1 USD.
Key Facts:
Issued by: Tether Limited.
Backed by: Reserves (cash, cash equivalents, and other assets).
Used for:
Trading crypto without converting to fiat currency.
Transferring money globally, quickly and with low fees.
Holding value during volatile crypto markets.
Blockchains Supported:
USDT exists on multiple networks, such as:
Ethereum (ERC-20)
Tron (TRC-20)
BNB Smart Chain (BEP-20)
Others (Solana, Algorand, etc.)
Always double-check the network when sending or receiving USDT to avoid loss of funds.