What is Tether (USDT)?
Tether (USDT) is money built for the internet.
by US dollars
For every Tether (USDT) that exists, US$1 is held in a bank account. The token was launched with this 1:1 USD/USDT ratio, however the USD reserve has since decreased. The popularity and number of transactions makes the price of USD/USDT constant at 1:1.
between fiat and crypto
Tether (USDT) combines the efficiency, security, and transparency of the blockchain with the usability and value of fiat currencies.
Tether also offers euro, yuan, and gold stablecoins, allowing holders to diversify their holdings across currencies and commodities.
Tether (USDT), as with all stablecoins, carries significant counterparty risk because its price stability is achieved by the issuer maintaining credibility through sufficient reserves. If anything were to happen to this credibility, the value of the stablecoin could be called into question.