• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Stablecoin USDT

Stablecoin USDT

user avatar

by Alexandra Smirnova

2 years ago


USDT (USD Tether) is a stablecoin that is pegged to the value of the US dollar. This means that the value of USDT is supposed to be equivalent to $1 USD. USDT is issued by Tether Limited, a company that claims to hold an equivalent amount of US dollars in reserve for every USDT in circulation. The idea behind USDT is to provide a stable and reliable digital currency that can be used in place of traditional fiat currencies like the US dollar.

USDT is built on various blockchain platforms such as Ethereum, Tron, Algorand, and others. Its popularity stems from its use in cryptocurrency trading, as it allows traders to move funds quickly between exchanges without having to use traditional banking systems.

However, USDT has been subject to controversy and scrutiny in the past. Some critics have raised concerns about Tether Limited's ability to fully back every USDT in circulation with US dollars. Additionally, Tether Limited has been accused of engaging in market manipulation to artificially inflate the price of Bitcoin and other cryptocurrencies.

Despite these concerns, USDT remains a popular stablecoin in the cryptocurrency community. Its ability to maintain a stable value relative to the US dollar has made it a useful tool for traders and investors looking to minimize their exposure to market volatility.

Tether (USDT) is a stablecoin that is pegged to a fiat currency, offering price stability to traders, merchants, and funds when exiting positions in the market. Unlike other cryptocurrencies, Tether is backed by real-world assets such as fiat currency and US Treasuries, making it redeemable one-to-one with the US dollar.

Tether is the largest stablecoin in the crypto industry, facilitating swaps between the dollar-tied stablecoin and highly volatile cryptocurrencies. Tether has been compared to traditional money-market funds, but without any regulation. With more than $60 billion worth of tokens in circulation, Tether has more deposits than that of many US banks. Tether is a fiat-collateralized stablecoin that offers people the advantages of transacting with blockchain-based assets while mitigating price risk.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other articles

In-Depth Look at The NEX: A Web3 Game with NFTs, PvP, and Real Ownership

chest

Explore The NEX — a next-gen Web3 game blending NFTs, PvP combat, and decentralized ownership. Dive into its gameplay, tech stack, and earning potential in the metaverse.

user avatarElena Ryabokon

Dazzle is an exciting Telegram game with simple gameplay and vibrant graphics

chest

Telegram-bot Dazzle (@DazzleGames_bot) is an exciting puzzle game with a simple but addictive gameplay. Players have to connect identical elements, earning points and unlocking new levels.

user avatarMax Nevskyi

Valiants is a dynamic PvP battle in a fantasy world with deep tactics

chest

Valiants by Rising Thunder is a tactical PvP game with a focus on teamwork. Unlike traditional MOBA games, it emphasizes coordinated actions and the proper combination of unique hero abilities.

user avatarMax Nevskyi

Yield.xyz is an innovative protocol for passive income and digital asset management

chest

The DeFi sector is actively developing, opening up new opportunities for earning money from cryptocurrencies. Yield.xyz stands out among similar platforms by offering tools for effective digital asset management.

user avatarMax Nevskyi

Slime Scrub Review: Telegram Bot, Web3 Game, and Emerging P2E Model on TON

chest

In-depth review of Slime Scrub — a Web3 Telegram game with P2E features, TON integration, and slime-based gameplay. Explore its mechanics, architecture, and community.

user avatarElena Ryabokon

Digital Asset is a revolution in blockchain technology and digital asset management

chest

Digital Asset (DA) is a leading developer of blockchain solutions for digital asset management. Since 2014, the company has been providing financial institutions with an innovative platform and the DAML language for process automation.

user avatarMax Nevskyi
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.