What is USDT ?

USDT is a stablecoin that is pegged to the US dollar, meaning that its value is tied to the value of the US dollar. The goal of USDT is to provide a stable and secure digital asset that can be used as a store of value and as a means of payment.

USDT is issued by Tether, a company that aims to provide a stable alternative to other cryptocurrencies that are subject to significant price volatility. By tying the value of USDT to the US dollar, Tether aims to provide a stable and secure digital asset that can be used for a variety of purposes, including as a store of value, for international transfers, and for online payments.

USDT is supported by a reserve of US dollars held by Tether, and the company regularly audits its reserves to ensure that they are sufficient to support the total supply of USDT in circulation. This makes USDT a reliable and secure digital asset, which can be used for a variety of purposes, even in countries where traditional banking services are unavailable.

In summary, USDT is a stablecoin that is pegged to the US dollar. It is issued by Tether, with the goal of providing a stable and secure digital asset that can be used as a store of value and as a means of payment.