Tether

Tether (USDT) is a type of digital currency called a stablecoin, designed to maintain a consistent value by being pegged to a traditional currency, such as the US dollar. Each Tether token is backed by an equivalent amount of real-world assets held in reserve, aiming to ensure price stability amidst the volatility typical of cryptocurrencies. This makes Tether useful for transferring value quickly across borders, avoiding some risks of regular crypto assets, while providing a familiar valuation tied to the US dollar. It functions within the cryptocurrency ecosystem as a bridge between digital assets and traditional money.