USDT or Tether (USDT) is a decentralized digital currency whose value is pegged to the US dollar at 1:1. It is the most widely accepted stablecoin in the world, enjoying the largest market cap and liquidity in its category. Tether, the company that issues and manages the USDT stablecoin, maintains its peg to the USD with matching fiat currency and company reserves.
You can use Tether's USDT to send and receive digital payments via blockchain technology, as a base currency to trade cryptocurrencies on centralized exchanges (CEXs) and decentralized exchanges (DEXs), and even to earn passive income via staking and lending on exchanges and DeFi platforms.
The USDT token was originally launched as an ERC-20 token on the Ethereum blockchain in 2014 and was initially known as Realcoin. Since then, it has expanded to run on other leading blockchain networks such as TRON, Algorand, Solana, Avalanche, and Polygon.