What is EGLD / TetherUS (EGLDUSDT)?
EGLD / TetherUS (EGLDUSDT) is a spot trading pair on Binance that tracks the price of MultiversX's native token, EGLD (formerly Elrond), against Tether's USDT stablecoin. As a spot market, it settles trades directly in the underlying assets rather than through derivatives, quoted in USD terms. EGLD powers transactions, staking, and smart contracts on the MultiversX blockchain, while USDT serves as a widely used dollar-pegged unit for pricing. On TradeSearcher, this pair has been analyzed across more than 1,600 backtests, drawing on historical market data going all the way back to 2020 for comprehensive coverage.