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About USDT
Tether (USDT) is a digital token and cryptocurrency that's designed to be a stable alternative to traditional fiat currencies like the US dollar:
What it is
USDT is a stablecoin, which means it's a type of cryptocurrency that's pegged to a fiat currency and aims to maintain a stable value. Each USDT token is backed by an equivalent amount of dollars held in reserves.
USDT - How it works
USDT is built on various blockchains, including Ethereum and Tron. It can be used as a store of value, a payment method, or a transaction currency.
Why it's useful
USDT's stability makes it appealing to investors who want to hedge against the volatility of other cryptocurrencies. It can also be attractive to beginners who want to enter the cryptocurrency world.