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-USDT is a cryptocurrency that is pegged to the U.S. dollar and backed by reserves held by Tether Limited, the company that issues it. USDT stands for United States Dollar Tether, and it is also known as Tether. USDT is a type of stablecoin, which means it aims to maintain a stable value of one U.S. dollar per token. USDT is used by crypto traders and investors who want to avoid the volatility of other cryptocurrencies while keeping their funds within the crypto ecosystem.
-USDT was launched in 2014 as RealCoin, and rebranded as Tether in 2014. It was originally based on the Bitcoin blockchain, but now supports several other blockchains, such as Ethereum, TRON, EOS, and more. USDT is the third-largest cryptocurrency by market capitalization, after Bitcoin and Ethereum, and the largest stablecoin. USDT has faced some controversies and investigations regarding its reserves and transparency, but it has also expanded to other regions and currencies, such as the euro, the yuan, and gold.
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