USDT is Tether yes.

They can issue on any chain they have integrated with.

The chain, L1, is called Tron and has been around for a while. Native token is TRX I believe. Probably has many “use cases” but I think most of the volume is stablecoin transfer.

Many people in Argentina for example, use it from what I’ve seen on the YouTubes.

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very interesting - thanks for the info!