USDT, or Tether, is a type of stablecoin—a cryptocurrency designed to maintain a stable value. It is pegged to the US Dollar, meaning 1 USDT is usually equal to 1 USD. Tether is issued by the company Tether Limited.

USDT is widely used in the crypto market for trading, transferring value, and storing funds without the high volatility seen in other cryptocurrencies like Bitcoin or Ethereum. It operates on multiple blockchains, including Ethereum, Tron, and Binance Smart Chain.

Because of its stability and fast transaction speed, USDT is often used as a bridge between fiat and crypto, and is one of the most traded cryptocurrencies globally.

However, Tether has faced criticism and regulatory scrutiny over its claims about reserves backing the coin. Despite this, it remains one of the most important assets in the crypto ecosystem.

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