A stable crypto coin with a value pegged or “tethered”one-to-one to the US dollar and cleverly named US Dollar Tether – USDT. Ostensibly it is fully backed by dollar reserves. Second only to China as the greatest source of FUD in the crypto space, there are numerous audits, investigations and ad hominems against USDT. So far it has weathered them all, but rest assured there will be plenty more. It is valued and can be considered the same as a US dollar but can be transacted on crypto exchanges and on the Ethereum and other blockchains.
Degen 1: “Did you see the market crash?”
Degen 2: “Not bothered, I’m sitting comfy in stables, mainly USDT farmed in Yearn.”« Dictionary Menu