USDT (Tether) is a cryptocurrency that is pegged to the US dollar. This means that one USDT is supposed to be worth exactly one US dollar. It was created in 2014 by the company Tether Limited.

Here's a more detailed explanation:

Pegged to the US dollar: This means that the value of USDT is tied to the value of the US dollar. Unlike other cryptocurrencies, whose value can fluctuate significantly, USDT is designed to maintain a stable value.

Created in 2014: Tether was one of the earliest stablecoins, and it was created as a way to provide a more stable store of value within the volatile cryptocurrency market.

Interesting to see how USDT has maintained its stability over the years, providing a reliable store of value in the crypto market.