• 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

Share

Other articles

AMMO: Blockchain Platform for Symbiotic Interaction Between AI and Humans

AMMO is a blockchain platform that unites AI agents and users in a secure and transparent ecosystem, ensuring effective interaction and innovative solutions.

user avatarElena Ryabokon

18 hours ago

BattleRise: An exciting RPG with epic battles and deep tactics

An ancient evil has awakened in the world of Eos, threatening to destroy all life. In BattleRise: Kingdom of Champions, players will assemble a squad of heroes and engage in epic campaign battles, raids, and territory capture.

user avatarAlexandra Smirnova

2 days ago

Infinity Ground — A Cutting-Edge Web3 Platform for Building Decentralized Applications

Infinity Ground is a Web3 platform for developing decentralized applications with high blockchain compatibility, innovative architecture, and powerful development tools.

user avatarElena Ryabokon

2 days ago

GAMEE: Diving into the world of blockchain games and earning opportunities

The GAMEE platform combines mobile games and blockchain, allowing users not only to play, but also to earn. Since 2015, the project has attracted millions of players, and in 2020 it entered the Animoca Brands ecosystem.

user avatarAlexandra Smirnova

2 days ago

Plasma Technology: Solving Ethereum’s Scalability and Transaction Speed Issues

Plasma is a second-layer solution for Ethereum's scalability issues, offering high-speed transactions, low fees, and secure decentralized applications by using child chains.

user avatarElena Ryabokon

3 days ago

Universal: An Innovative Protocol for Trading Any Tokens on Any Blockchains

The Universal project solves the problem of liquidity fragmentation in DeFi by allowing any tokens to be traded on any blockchains through the wrapped asset protocol, simplifying user access and interaction.

user avatarAlexandra Smirnova

3 days ago

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.