... of USDT is to provide the crypto market with a stable digital equivalent of the dollar. Unlike most cryptocurrencies, whose rates fluctuate constantly, Tether's price is fixed around $1. This allows USDT to be used for holding funds without the risk ... ... digital currencies (CBDCs). If central banks release their own digital dollars or euros, the need for private stablecoins could decrease. However, as such projects are still under discussion, USDC and similar tokens continue to fulfill the function of the ...