Passive
USDT is a blockchain-based currency that’s pegged to the USD at a 1:1 ratio. This means that each USDT token is worth $1.00 USD and is backed by $1.00 USD. USDT can be used as a store of value, a payment method, and a transaction currency on some platforms. Millions of blockchain users use USDT each day to trade, hedge, and transact on various blockchain networks. Tether Limited launched USDT in 2014. The goal of USDT is to provide a less volatile digital currency by reducing the volatility of traditional cryptocurrencies.
Passive USDT
USDT is available on hundreds of different exchanges and has billions of dollars in transactions around the world. Tether (USDT) is a stable coin, which is a type of cryptocurrency that actively works to keep its valuation stable through market mechanisms.
Tether (USDT) is a stablecoin, essentially a digital version of the US dollar. Each Tether issued is backed one-to-one by the equivalent amount in US currency held by Tether Limited in Hong Kong, meaning every USDT is meant to be worth exactly one dollar.