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What is cryptocurrency Tether (USDT) and how does it work?
Being one of the Top-3 cryptocurrencies, Tether has emerged as a prominent player and continues enjoying trust of users all over the globe. Often referred to as USDT, this stablecoin that has become increasingly popular due to its unique characteristics. Serving as a bridge between traditional currencies and the digital realm, this digital currency aims to provide stability and liquidity within the volatile cryptocurrency market.
What is Tether?
Tether (USDT) is what's referred to as a Stablecoin — a cryptocurrency the price of which is pegged to the cost of US Dollar. Tether Limited developed USDT to serve as the internet's Digital Dollar, with each token having a value of $1 USD and being backed by $1 USD in actual assets.
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