USDT, also known as Tether, is a type of cryptocurrency called a stablecoin. Unlike regular cryptocurrencies like Bitcoin that can fluctuate wildly in price, USDT is pegged to the US dollar, meaning its value is supposed to stay around .

Here’s a breakdown of USDT:

• Stable coin: Tether is designed to minimize price volatility by being tied to a real-world asset, in this case, the US dollar.
• Value: Ideally, 1 USDT should always be worth USD.
• Uses: Traders use USDT to move in and out of cryptocurrency positions quickly without having to deal with the ups and downs of the market.
• Popularity: USDT is the largest stable coin by market capitalization, meaning it’s the most widely used one.