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What role does Tether play in the crypto world?

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Tether (USDT) has an important role in the crypto world as the most widely used stablecoin. USDT dominates crypto trading volumes due to its ability to maintain a stable value by being pegged to the US dollar. This stability is crucial for traders and investors who want to protect the value of their assets from the extreme volatility that often occurs with other cryptocurrencies, such as Bitcoin or Ethereum. Furthermore, it is also worth noting that Tether is a licensed member of the Blockchain Alliance, a coalition working to promote the development of blockchain and its legal use.

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