USDT
USDT/Tether, a digital asset pegged 1:1 to the USD, issued by Tether Limited, widely used for trading and liquidity.
What is USDT/Tether?
USDT, issued by Tether Limited, is the largest stablecoin by market capitalization, designed to maintain a 1:1 peg with the U.S. dollar. It operates on multiple blockchains, including Ethereum and Tron, providing liquidity for digital asset trading and decentralized finance (DeFi) applications. USDT’s reserves, primarily held in U.S. Treasury bills and managed by firms like Cantor Fitzgerald, have faced scrutiny, but regular attestations aim to ensure transparency and stability. USDT is used globally for payments, remittances, and as a store of value, particularly in regions with volatile currencies.
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