Tether (USDT)
Glossary
Tokens & NFTs
Tether (USDT)
The largest fiat-backed stablecoin, pegged 1:1 to the US dollar.
Definition
In depth
Tether (USDT) is the most-traded stablecoin by volume. Each USDT is supposed to be backed by an equivalent dollar or cash equivalent held by Tether Ltd. USDT trades on most chains (Tron, Ethereum, Solana) and is the default quote currency on most centralized exchanges.
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