Stablecoins
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Concept
Stablecoin
Stablecoins are cryptocurrencies designed to maintain a stable value, typically pegged to the US dollar. They exist in three main types: fiat-backed (USDT, USDC), crypto-backed (DAI), and algorithmic — the latter having a catastrophic track record including the $40B Terra collapse.
Tether (USDT)
USDT
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Token
Stablecoin
Tether (USDT) is the world's largest stablecoin by market capitalisation and trading volume. It is issued by Tether Limited and claims to be fully backed by US dollar reserves. USDT is the primary trading pair on most cryptocurrency exchanges globally.