$USDT
USDT (Tether) is a stablecoin in the cryptocurrency world. Here's a simple breakdown:
What is USDT?
USDT = Tether, a digital token pegged 1:1 to the U.S. dollar.
1 USDT ≈ $1 USD (it may fluctuate slightly).
It was created to give traders and investors a stable digital asset to use on crypto exchanges.
Key Features:
Stability: Pegged to USD—used to hedge against crypto volatility.
Widely used: Available on most major crypto exchanges.
Blockchain support: Issued on multiple blockchains (Ethereum as ERC-20, Tron as TRC-20, Solana, etc.).
Backed reserves: Tether claims USDT is backed by reserves (cash, equivalents, and other assets).
What is it used for?
Trading pairs on exchanges (e.g., BTC/USDT).
Transferring funds quickly across borders.
Parking funds during market uncertainty without converting back to fiat.
