The Pros and Cons of USDT and Its Role in Crypto Payroll
What is USDT and what role does it serve?
USDT, or Tether, is a stablecoin designed to maintain a value that closely tracks the U.S. dollar. Its primary role in the cryptocurrency ecosystem is to provide a means of liquidity and stability, facilitating transactions and trading without the need to revert to fiat currency. As the largest stablecoin by market capitalization, it has become a critical component of many crypto operations.
Why is USDT often viewed with skepticism?
Despite its utility, USDT has faced skepticism due to questions about its backing and transparency. The lack of full independent audits raises concerns for many potential users, particularly businesses looking for reliable payment solutions.
