Tether (USDT) is the world’s most traded cryptocurrency—and one of the most controversial. Backed by the promise of a 1:1 peg to the US dollar, USDT has become the backbone of global crypto liquidity, powering billions in daily transactions. But how stable is the ‘stablecoin’? In this episode, we uncover the rise of Tether, its critical role in exchanges and DeFi, the debates around transparency and audits, and the regulatory storm surrounding it. Whether you’re a crypto trader, investor, or simply curious about the backbone of digital finance, this deep dive into USDT reveals both the strength and the fragility of the most influential stablecoin on the market.