USDT

Tether (USDT) is a fiat‑collateralised stablecoin that aims to maintain a 1 : 1 peg with the U.S. dollar, with each token backed by reserves of cash, short‑term Treasury securities and other assets held by Tether Limited. The token does not have its own blockchain; instead it is issued as a second‑layer token on many public networks—including Ethereum (ERC‑20), Tron (TRC‑20), Solana, Polygon, Algorand and others—allowing fast, low‑cost transfers across multiple ecosystems. Its primary use is to provide a stable digital medium for payments, trading, and liquidity provision in centralized exchanges, decentralized finance protocols, and cross‑border remittances. As the most widely traded stablecoin, USDT serves as a key bridge between traditional fiat and the broader cryptocurrency market, offering high liquidity and broad adoption despite ongoing regulatory scrutiny.