USDT (USDT) is a cryptocurrency designed for each token to be represented by an underlying US dollar. Each USDT token is pegged to a US dollar that is held in Tether Limited’s reserve balance and can be obtained through the Tether platform. Over 50% of USDT tokens exist as ERC-20 (Ethereum) tokens, which affects liquidity pools, wallet storage, trading volume, and ease of exit from USDT. The majority of Tether lives on the Ethereum, Omni, Tron, EOS, Liquid and Algorand blockchains.
Bybit is one of the fastest growing cryptocurrency derivatives exchanges, with more than a million registered users.
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