Using stablecoins like USDT is permissible (Halal) as long as they’re not used for in#HalalCrypto ing, or haram activities.”
Explanation:
USDT is a stablecoin pegged to the U.S. dollar and is commonly used as a digital representation of fiat money.
In Islamic finance, money itself is not haram—what matters is how it is used.
Permissible uses: trading goods/services, transferring funds, avoiding volatility in crypto.
Prohibited uses: engaging in interest-bearing transactions, investing in haram industries (e.g., alcohol, gambling), or using it as part of speculative contracts (gharar).