How to write the English abbreviation of Tether
The English abbreviation of Tether is USDT, also known as stable currency. It is a cryptocurrency pegged to the U.S. dollar, and every 1 USDT is equal to 1 U.S. dollar.
The English abbreviation of Tether Coin
The English abbreviation of Tether Coin is USDT.
Detailed explanation
USDT stands for Tether USD, a stable currency pegged to the US dollar. Issued by Tether Limited, it is a stable value token used for transfers between cryptocurrency exchanges and wallets.
Due to its peg to the U.S. dollar, USDT’s value typically remains near $1, making it a popular store of value and medium of exchange. It provides cryptocurrency users with a way to reduce losses due to market fluctuations.
USDT is widely used for the following purposes:
- Transfer funds between cryptocurrency exchanges
- As a springboard for exchange with fiat currencies
- Reduce the volatility of cryptocurrency trading
- Store the value of cryptocurrency assets
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