HashKey Global to List Tether
Date: 2025-01-28 Author: Oliver Abernathy Categories: BUSINESS
Tether (USDT) is one of the most popular stablecoins, pegged to the value of the US dollar. This means that each issued unit of USDT must be backed by an equivalent amount of dollars held in Tether's reserves.
Despite its ease of use and popularity among traders, this stablecoin regularly becomes the subject of controversy. The main issue raised in the crypto community concerns the transparency of the company's reserves. Although Tether insists that it fully backs USDT with its assets, there has been no independent and complete verification of this data so far.
Nevertheless, Tether's role in the crypto ecosystem remains significant. Due to its stability and peg to the dollar, it is actively used as a hedging tool and a universal exchange tool on various exchanges.
For more information on HashKey Global's plans and USDT listing, please refer to the company's official publications.
