What is Tether (USDT)?
Tether (USDT) is a stablecoin, a type of cryptocurrency that actively works to maintain the stability of its value through market mechanisms. It is used by investors who wish to hedge against the inherent volatility of their cryptocurrency investments while keeping their value in the cryptocurrency market, ready for use without any hassle.
Is USDT the same as USD?
Tether, often referred to by its currency symbols USD₮ and USDT, is a stablecoin for cryptocurrency launched by Tether Limited in 2014. It is pegged to the US dollar and differs from central bank digital currency (CBDC).