• 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

Decentralized Technologies of the Future: An Overview of The Open Platform

chest

In the era of decentralization, The Open Platform (TOP) stands out as a promising solution in the TON ecosystem, offering developers fast and cheap transactions with convenient tools for creating dApps.

user avatarMax Nevskyi

In-Depth Review of Makina Finance — A DeFi Platform for AI Funds and Pro Traders

chest

A detailed overview of Makina Finance — a non-custodial DeFi engine for AI-powered funds and traders, offering tokenized vaults, yield strategies, and risk controls.

user avatarElena Ryabokon

In-Depth Review of Blackhole DEX: Advanced Liquidity Platform on Avalanche

chest

Comprehensive review of Blackhole — a DEX on Avalanche with veNFT tokenomics, modular AMMs, governance voting, Genesis Pools, and support for Web3 and GameFi startups.

user avatarElena Ryabokon

Squid Fighter — Web3 Fighting Game with PvP Battles, Tokens, and NFT Gear

chest

Squid Fighter is a Web3 fighting game where players earn tokens through PvP battles. A detailed look at gameplay, tokenomics, security, and Telegram integration.

user avatarElena Ryabokon

AutoHero Tezos Review — Web3 NFT Shooter Powered by Tezos Blockchain

chest

In-depth review of AutoHero Tezos — a Web3 shooter on the Tezos blockchain. Explore gameplay, NFT economy, AHT token, roadmap, and technical features.

user avatarElena Ryabokon

Magic Eden: An Overview of the NFT Marketplace with a Detailed Analysis of Its Features

chest

Magic Eden has quickly become a leader among NFT marketplaces. Supporting Solana and Ethereum, the platform offers an intuitive interface, competitive fees, and a vast collection of digital assets.

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.