About Tether

Tether is a blockchain-based cryptocurrency whose tokens are backed by equivalent amounts of traditional fiat currencies like the US dollar, euro, or Japanese yen stored in a designated bank account. The native tokens of the Tether network are called USDT and are actively traded on various platforms. As a stablecoin, Tether aims to keep its value stable, unlike more volatile cryptocurrencies such as Bitcoin and Ethereum, making it useful for transactions and store of value. It belongs to the category of fiat-collateralized stablecoins, meaning each USDT is backed by a specific amount of fiat currency. Tether was created to connect the world of fiat money with cryptocurrencies, offering transparency, stability, and low transaction fees. While USDT is pegged to the US dollar at a 1:1 ratio, ...