Tether
First dollar-backed stablecoin, crypto market leader by volume.
Beginner-friendly explanation
Tether (USDT) is a special cryptocurrency designed to always be worth 1 dollar. It’s the most used stablecoin for trading cryptos without leaving the crypto ecosystem.
Example: When you want to sell Bitcoin without converting back to euros, you can swap it for Tether.
Intermediate-level insight
Tether is a centralized stablecoin backed by financial asset reserves. It is omnipresent on exchanges to facilitate liquidity and reduce market fluctuation exposure.
Example: USDT is the most liquid pair on Binance, enabling billions in daily trading volume.
Advanced perspective
Tether plays a systemic role in global crypto market liquidity.
Example: A massive loss of confidence in Tether could trigger cascading liquidations across crypto markets.
Cryptocurrencies & Tokens
tether, usdt, stablecoin, dollar, crypto liquidity, transparency, controversy, audit, financial reserves