# What is USDT? Why do people use it?

**USDT** (Tether) is a **stablecoin** pegged to the US dollar at a 1:1 ratio. This means its value closely follows the USD exchange rate and is not subject to significant volatility.

## 💸 How Do You Use USDT?

**USDT** works just like other cryptocurrencies for:

* **Storing** assets
* **Transferring** funds
* **Exchanging** between different cryptocurrencies

It's essentially like holding US Dollars in digital form, but with the added benefits of blockchain technology.

## 💭 Why Should You Choose USDT?

Pegged to the US Dollar, **USDT** minimizes the risks associated with the volatility of other cryptocurrencies. This makes it ideal for:

* Savings
* Transfers
* Trading
* Other transactions

For instance, if you send **100 USDT**, both parties can be confident it will always equal **100 US Dollars**, regardless of market fluctuations.

## 💙 USD₮ in MyTonWallet

**MyTonWallet** supports USDT on both the TON and TRON networks, allowing you to:

* Store USDT securely
* Transfer between networks
* Trade on supported DEXs
* Use for payments and transactions

{% hint style="info" %}
USDT is one of the most widely used stablecoins in the cryptocurrency ecosystem, making it highly liquid and easily exchangeable.
{% endhint %}

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## Related articles

* [What cryptocurrencies are supported in MyTonWallet?](https://help.mytonwallet.io/intro/introduction-to-crypto-and-mytonwallet/what-cryptocurrencies-are-supported-in-mytonwallet)
* [How to receive crypto in MyTonWallet?](https://help.mytonwallet.io/intro/transfers/how-to-receive-crypto-in-mytonwallet)
* [How to make a transfer?](https://help.mytonwallet.io/intro/transfers/how-to-make-a-transfer)
* [What is Gasless Jettons? How to enable this feature?](https://help.mytonwallet.io/intro/transfers/what-is-gasless-jettons-how-to-enable-this-feature)
* [What is a swap? How does it work?](https://help.mytonwallet.io/intro/swaps/what-is-a-swap-how-does-it-work)
* [What are blockchain transaction fees? Features of TON and TRON](https://help.mytonwallet.io/intro/introduction-to-crypto-and-mytonwallet/what-are-blockchain-transaction-fees-features-of-ton-and-tron)