USDT, or Tether, is the most popular stablecoin. It's designed to have a stable value by being pegged to a reserve of real-world assets, typically the US dollar, in a 1:1 ratio. This stability makes it a popular choice for traders and investors looking to hedge against the volatility of other cryptocurrencies while still enjoying the benefits of digital currencies. It's widely used for transferring value across different cryptocurrency exchanges and as a store of value within the crypto ecosystem.
21 Sep 2023
2 min read
Discover the latest strides in Cardano's blockchain ecosystem as the integration of USDT, the world's largest stablecoin, revolutionizes on-chain lending and borrowing dynamics.