Understanding Tether: A Beginner’s Guide to USDT

What is Tether (USDT)? Tether, commonly known by its symbol USDT, is a type of cryptocurrency classified as a stablecoin. Its primary purpose is to offer stability within the often volatile crypto market by pegging its value directly to the US Dollar. For every USDT issued, there is an equivalent US Dollar held in reserve, ensuring that the value of Tether remains relatively constant. This…