USDT (Tether)
Quick Answer
USDT is the largest stablecoin by market cap, pegged to USD and available on virtually every blockchain. The most traded cryptocurrency by volume globally.
Full Definition
USDT (Tether) is the largest stablecoin by market capitalisation, pegged to the US dollar and issued by Tether Limited. USDT is available on virtually every major blockchain and is the most traded cryptocurrency by volume globally. It is extensively used in crypto payment processing, OTC trading, and cross-border remittances.
Related Terms
USDC
USDC is a fiat-backed stablecoin issued by Circle, pegged 1:1 to USD and backed by cash and US Treasury securities. Widely used for crypto payment settlement.
Unbanked
Unbanked refers to 1.4 billion adults without access to traditional banking. Crypto payments provide financial inclusion — a smartphone and internet connection is all that's needed.