Tether USDT is a cryptocurrency stablecoin pegged to the USD and is asset backed by USD reserves. What Is Tether (USDT)? Is USDT Cash? Is USDT a Threat to Crypto? Why Is Tether So Popular? What Does Tether Do? Why Did Tether Depeg? How Do Tether Tokens Work? Why Use Tether?
Do commissions affect Tether (USDT)?
Commissions do not affect our editors' opinions or evaluations. Tether (USDT) is the largest stablecoin by market capitalization. Crypto traders use stablecoins like Tether to make transfers between different cryptocurrencies or to move their investments into or out of fiat currencies. The value of USDT is pegged to the U.S. dollar.
Is USDT tethered to the US dollar?
USDT is tethered to the US dollar, the idea in theory being that you can trade 1 Tether for 1 US dollar, regardless of market conditions. Tether faces competition from other stablecoins like USDC, which is also pegged to the US dollar.
How does USDT work?
Rather, it operates more like an IOU; when you buy USDT, you are essentially buying a promise from Tether Limited that they will honor your purchase with the equivalent amount of U.S. Dollars at any time upon request.
