What is USDT ?
USDT is the USD stablecoin with the largest circulating supply. USDT is the earliest stablecoin in the crypto market. USDT is issued by Tether and most widely used for user deposit and withdraw operations. USDT has a great amount of circulating supply (mainly issued on Ethereum, followed by OMNI-BTC, TRON and EOS). USDT is still in its infancy in the DeFi ecosystem, but it is expected to grow rapidly in the future due to its strong liquidity. USDT is supported on DeFi lending platforms like Aave, Compound, DDEX, etc. Since USDT is connected to Bitfinex and has less transparency compared with other regulated stablecoins, USDT is regarded as the most risky stablecoin for DeFi users.