Tether (USDT)

By: WEEX|2024/11/06 04:18:56

Tether (USDT) is a stablecoin that is pegged 1:1 to the U.S. dollar, designed to maintain a stable value. USDT is issued by Tether Limited and is widely used in the cryptocurrency ecosystem to facilitate trading and transfers without the volatility of other cryptocurrencies. Traders often use USDT to move in and out of positions without converting back to fiat currency. Tether is backed by reserves of fiat currency and other assets, and it operates across multiple blockchain networks, including Ethereum, Tron, and Solana. For example, USDT can be used on exchanges like Binance and Kraken for trading against Bitcoin or other altcoins.

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