> For the complete documentation index, see [llms.txt](https://help.mywallet.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://help.mywallet.io/intro/introduction-to-crypto-and-my-wallet/what-is-usdt-why-do-people-use-it.md).

# What is USDT? Why do people use it?

**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.

## 💙 USDT 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

{% hint style="info" %}
USDT is one of the most widely used stablecoins in the cryptocurrency ecosystem, making it highly liquid and easily exchangeable.
{% endhint %}

***

## Related articles

* [What cryptocurrencies are supported in My Wallet?](/intro/introduction-to-crypto-and-my-wallet/what-cryptocurrencies-are-supported-in-my-wallet.md)
* [How to receive crypto in My Wallet?](/intro/transfers/how-to-receive-crypto-in-my-wallet.md)
* [How to make a transfer?](/intro/transfers/how-to-make-a-transfer.md)
* [Gasless transfers on TON and Solana](/intro/transfers/what-is-gasless-jettons-how-to-enable-this-feature.md)
* [What is a swap? How does it work?](/intro/swaps/what-is-a-swap-how-does-it-work.md)
* [Blockchain transaction fees by network](/intro/introduction-to-crypto-and-my-wallet/what-are-blockchain-transaction-fees-features-of-ton-and-tron.md)