USDT

What is USDT?

USDT, or Tether, is a stablecoin that is pegged to the value of the US dollar. It is used as a means of transferring value between cryptocurrencies and traditional currencies, and it is also used as a hedge against the volatility of other cryptocurrencies. However, USDT has been the subject of controversy due to concerns about its solvency and transparency. Tether Limited, the company behind USDT, has been criticized for its lack of transparency and the absence of regular audits to verify that it has sufficient reserves to back the USDT in circulation. In addition, there have been allegations that USDT has been used to manipulate the price of Bitcoin and other cryptocurrencies. Despite these issues, USDT remains one of the most widely used stablecoins in the cryptocurrency market.