What is USDT? Understand the "stable cornerstone" of the crypto assets market in 3 minutes.
USDT (USD) is a stablecoin pegged to the US dollar at a 1:1 ratio. While the prices of Crypto Assets like Bitcoin fluctuate like a roller coaster, USDT always strives to maintain a stable value of 1 USDT equal to 1 USD.
For exchange users, it is a key bridge connecting traditional finance and the encryption world. Whether it's trading, transferring, or participating in DeFi, USDT plays an indispensable role.
01 The essence of USDT: the "digital dollar" of the Crypto Assets world
In simple terms, USDT is a stablecoin. It is issued by Tether, and its core design goal is to maintain price stability, close to 1 USD.
Unlike the vision of Bitcoin to become a decentralized digital currency, the core value of USDT lies in its stability. This stability makes it a safe haven in the crypto assets market, especially when the market is volatile.
For exchange users, it is a key bridge connecting traditional finance and the encryption world. Whether it's trading, transferring, or participating in DeFi, USDT plays an indispensable role.
01 The essence of USDT: the "digital dollar" of the Crypto Assets world
In simple terms, USDT is a stablecoin. It is issued by Tether, and its core design goal is to maintain price stability, close to 1 USD.
Unlike the vision of Bitcoin to become a decentralized digital currency, the core value of USDT lies in its stability. This stability makes it a safe haven in the crypto assets market, especially when the market is volatile.
