USDT

Tether (USDT) is a fiat‑backed stablecoin that aims to maintain a one‑to‑one peg with the US dollar, issuing digital tokens on multiple blockchains such as Ethereum (ERC‑20), Tron (TRC‑20), Solana and others, which allows it to be transferred like any other cryptocurrency. Its primary use is to provide a stable medium of exchange for payments, trading, and liquidity provision across cryptocurrency exchanges and decentralized finance platforms, enabling users to move value without exposure to the price volatility of typical crypto assets. As the longest‑running and most widely adopted stablecoin, USDT plays a central role in the crypto ecosystem, facilitating price discovery, arbitrage and serving as a bridge between traditional fiat and blockchain‑based financial services, while being issued by the centralized company Tether Ltd., which claims to hold reserves to back each token.