Tether (USDT) is a stablecoin that aims to maintain a peg to the US dollar. As a stablecoin, Tether provides the benefits of cryptocurrencies––faster, cheaper, permissionless transactions––without the price volatility. Tether's issuer claims to have backing in the form of bank reserves and loans that match or exceed the value of USDT in circulation.
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Tether (USDT) is a stablecoin that aims to maintain a peg to the US dollar. As a stablecoin, Tether provides the benefits of cryptocurrencies––faster, cheaper, permissionless transactions––without the price volatility. Tether's issuer claims to have backing in the form of bank reserves and loans that match or exceed the value of USDT in circulation.