Kite
Blog / Glossary / U / USDT

USDT

Also called Tether

What crypto means by it

The oldest and most widely traded US dollar stablecoin, issued by Tether. It is the default dollar across most of Asia and Latin America, which is why merchants and exchanges quote in it.

What you already know this as

The dollar everyone in the market actually settles in, the way US dollars became the default for cross-border trade without anyone voting on it.

In Kite: The other stablecoin you can hold and top up with, on Ethereum or Polygon.

Decode with Kite

Paste the whole sentence and we will underline every term we recognise.

Or try: