Tether (USDT) is a stablecoin pegged to the U.S. dollar, with its value always remaining around $1. Key features include stability, broad applicability, and can be used for stablecoin transactions, safe-haven assets, and cross-border payments. However, its stability depends on Tether Limited’s U.S. dollar reserves.
Tether coin abbreviation: USDT
Tether coin is a stable currency pegged to the US dollar, referred to as USDT . It is issued by Tether Limited, a company whose purpose is to provide a digital currency pegged to the value of fiat currencies, thereby reducing the volatility of the cryptocurrency market.
USDT main features:
USDT usage scenarios:
It should be noted that the stability of USDT depends on Tether Limited’s US dollar reserves. If Tether Limited fails to maintain sufficient U.S. dollar reserves, it could cause the USDT value to decouple.
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