What is USDT? Why do people use it?

What USDT/ USD₮ is, why people use stablecoins, and how to use USDT in My Wallet (TON and TRON).

USDT (Tether) is a stablecoin pegged to the US dollar at a 1:1 ratio. This means its value closely follows the USD exchange rate and is not subject to significant volatility.

💸 How Do You Use USDT?

USDT works just like other cryptocurrencies for:

• Storing assets

• Transferring funds

• Exchanging between different cryptocurrencies

It's essentially like holding US Dollars in digital form, but with the added benefits of blockchain technology.

💭 Why Should You Choose USDT?

Pegged to the US Dollar, USDT minimizes the risks associated with the volatility of other cryptocurrencies. This makes it ideal for:

• Savings

• Transfers

• Trading

• Other transactions

For instance, if you send 100 USDT, both parties can be confident it will always equal 100 US Dollars, regardless of market fluctuations.

💙 USD₮ in My Wallet

My Wallet supports USDT on both the TON and TRON networks, allowing you to:

• Store USDT securely

• Transfer between networks

• Trade on supported DEXs

• Use for payments and transactions

USDT is one of the most widely used stablecoins in the cryptocurrency ecosystem, making it highly liquid and easily exchangeable.

---

Related articles

• What cryptocurrencies are supported in My Wallet?

• How to receive crypto in My Wallet?

• How to make a transfer?

• Gasless transfers on TON and Solana

• What is a swap? How does it work?

• Blockchain transaction fees by network