What it means
Tether's dollar stablecoin, the largest by supply.
Tether isn't authorised under MiCA, and many EU exchanges have stopped offering USDT to Europeans.
How it works
Defied uses USDC for dollars.
Related terms
| Term | What it means |
|---|---|
| USDC | A dollar stablecoin issued by Circle: one USDC is meant to be worth one US dollar, backed by dollar reserves. |
| Stablecoin | A token on a blockchain designed to keep a steady value, usually one dollar or one euro, backed by reserves. |
| MiCA | Markets in Crypto-Assets: the EU's rulebook for crypto-assets and the companies that issue or handle them, in force since 2024. |
This glossary explains terms in general. It isn't investment, tax or legal advice.