Definition, Meaning & Synonyms

usdt

noun

/juːˌesˈdiːˈtiː/

Definition

USDT is a type of cryptocurrency known as Tether, which is designed to maintain a stable value by pegging it to a reserve of real-world assets, typically the U.S. dollar.

Examples

Many traders prefer to hold their profits in USDT to avoid market fluctuations.
When the market is volatile, investors often convert their cryptos to USDT for stability.
USDT can be used on various exchanges for trading purposes.

Meaning

USDT stands for Tether USD, and it operates as a stablecoin, meaning its value is designed to always be equivalent to $1. It enables users to trade cryptocurrencies while minimizing the volatility typically associated with other digital currencies.