What's the Meaning of USDT? Why Not Just Use Regular USD?
USDT: Why This Stablecoin Is Vital in the Crypto Ecosystem
If you’re new to cryptocurrency, you might be wondering what USDT is all about. It’s called a stablecoin, and its value is pegged to the US dollar. In other words, 1 USDT is designed to always be worth $1. But why does this exist in the crypto world? Why not just stick with regular dollars? To understand why USDT matters, you need to look at the limitations of traditional money in a digital space and the unique role stablecoins play in crypto ecosystems.
What Is USDT and Why Does It Exist?
USDT is a digital currency issued by Tether Limited. Unlike Bitcoin or Ethereum, which can swing wildly in value, USDT is stable. It’s built to mirror the US dollar, combining the familiarity of traditional money with the speed and flexibility of cryptocurrency.
To Know More- USDT stablecoin benefits