USDT
USDT/Tether, a digital asset pegged 1:1 to the USD, issued by Tether Limited, widely used for trading and liquidity.
What is USDT/Tether?
USDT, issued by Tether Limited, is the largest stablecoin by market capitalization, designed to maintain a 1:1 peg with the U.S. dollar. It operates on multiple blockchains, including Ethereum and Tron, providing liquidity for digital asset trading and decentralized finance (DeFi) applications. USDT’s reserves, primarily held in U.S. Treasury bills and managed by firms like Cantor Fitzgerald, have faced scrutiny, but regular attestations aim to ensure transparency and stability. USDT is used globally for payments, remittances, and as a store of value, particularly in regions with volatile currencies.
Related Terms
Genius Act
Genius Act 2025, an U.S. legislation to regulate stablecoins, focusing on reserves and compliance.
Dual-Offline Payment
A feature allowing transactions without internet for both parties, using NFC or similar tech.
DLT
Distributed Ledger Technology - a decentralized digital system for recording transactions across multiple computers, ensuring security and immutability.
ECDSA
A cryptographic algorithm used to create digital signatures for securing and verifying transactions in blockchain networks like Ethereum.
DYOR
Do Your Own Research (DYOR) is a widely used acronym in the digital asset space, urging investors to independently verify information before committing funds to any project or token.
ETH ETF
An exchange-traded fund providing investors with exposure to the price of Ether, Ethereum's native digital asset, without direct ownership.