The digital currency USDT (Tether) is also known as a stablecoin.

Indra55

USDT is a token introduced by Tether Limited, pegged to the stable value of the United States Dollar (USD) and abbreviated as Tether USD (USDT). The exchange rate is 1 USDT to 1 USD, allowing users to freely exchange USDT and USD at a 1:1 ratio. Tether Limited claims strict adherence to a 1:1 reserve guarantee, and parameters such as transaction confirmation for USDT remain consistent with Bitcoin.

The recent price of USDT has been highly stable with a concentrated distribution of chips. Additionally, various indicators show positive trends, good growth potential, and moderate utility.

In situations where cryptocurrencies like Bitcoin experience significant volatility, investors often turn to stablecoins such as USDT to mitigate risks.

In the past few days, over 1 billion USD has been deposited into two major stablecoins, USDT and USDC. Investors are waiting for a more opportune time to purchase other crypto assets.

However, from a long-term perspective, the decision by over 1 billion USD to temporarily stay in stablecoins, adopting a wait-and-see approach, is a positive sign for the eventual recovery of the crypto market. After all, keeping funds in stablecoins is more optimistic than completely exiting the market. Stablecoin data indicates that investors are prepared to reinvest in the crypto market when it stabilizes, possibly waiting for a dip in Bitcoin prices before taking action.

Iti9

Stablecoins have also become quite significant in the market.

Jiten171

Stablecoins are generally favored by many people.

Jiger955

This virtual currency is well-known to most people.