The ICP/USDT trading pair represents the exchange rate between Internet Computer (ICP) and Tether (USDT). ICP is the native token of the Internet Computer blockchain, a project that aims to extend the functionality of the public internet to enable fully decentralized applications to run entirely on-chain. USDT, or Tether, is a stablecoin pegged to the value of the US Dollar, making it a common trading pair for measuring the value of other cryptocurrencies.
The ICP/USDT pair fluctuates based on market forces like supply and demand, investor sentiment, and overall market trends. While the Internet Computer seeks to revolutionize the internet, investors trade ICP/USDT to potentially profit from its volatility or use ICP within the Internet Computer ecosystem for activities like participating in governance or fueling dApps.
