I came across the acronym
USDT and I'm not sure what it means. Could someone explain to me what USDT stands for and its significance in the cryptocurrency world?
7
answers
HanbokGlamourQueenElegance
Wed Mar 12 2025
Initially,
Tether Limited claimed that each USDT coin was backed by one US dollar.
Caterina
Wed Mar 12 2025
Tether, abbreviated as USDT, is a type of stablecoin cryptocurrency.
CryptoDynastyLord
Wed Mar 12 2025
It is issued by the company Tether Limited, which has been a significant player in the cryptocurrency market.
BonsaiStrength
Tue Mar 11 2025
This change has raised questions about the coin's stability and the level of backing each coin now receives.
DigitalDynasty
Tue Mar 11 2025
This claim was a key factor in the coin's stability and appeal to investors.