Tether (USDT) is a stablecoin that mirrors the value of the U.S. dollar, offering a bridge between fiat currencies and the digital currency world. It operates on several blockchains, including Ethereum, Tron, and many others.

USDT is primarily used for trading and investment purposes, acting as a stable medium of exchange on crypto platforms. It allows users to transact and settle in a currency that maintains consistent value, mitigating the risk of price fluctuations. Additionally, Tether facilitates faster, more cost-effective transactions compared to traditional banking systems, making it a preferred choice for moving funds between exchanges or into other cryptocurrencies.