Tether (often referred to by its currency codes, USD₮ and USDT, among others) is a cryptocurrency stablecoin launched by Tether Limited Inc. in 2014. [3] [4] As of August 1, 2024, Tether reported having $118.4 billion in reserves, including $5.3 billion in excess reserves.

Tether Tokens are assets that move across a blockchain just as easily as other digital currencies but that are pegged to real-world currencies on a 1-to-1 basis. Tether Tokens are referred to as stablecoins because they offer price stability as they are pegged to a fiat currency.

Aug 15, 2023 · Tether (USDT) is the largest stablecoin by market capitalization. Crypto traders use stablecoins like Tether to make transfers between different cryptocurrencies or to move their...

Feb 7, 2023 · Tether’s USDT is the most popular stablecoin and widely used by traders, although it is not without controversies. Here’s what you need to know about it.

Sep 22, 2023 · USDT, also known as Tether, is a type of cryptocurrency known as a stablecoin. Stablecoins aim to mitigate the volatility often seen in the cryptocurrency market by anchoring each token to an underlying asset, such as fiat currency or a commodity like precious metals.

Sep 7, 2024 · Tether (USDT): Tether is one of the most widely used stablecoins and is designed to maintain a 1:1 value with the US dollar. It’s commonly used in crypto trading and transfers, offering a stable asset for traders who want to exit volatile assets quickly.

Mar 10, 2024 · USDT is the symbol for Tether, a cryptocurrency that is pegged to the U.S. dollar. This means USDT is a stablecoin, fluctuating in value with the U.S. dollar and backed by Tether's dollar...

Tether tokens are referred to as stablecoins because they offer price stability as they are pegged to a fiat currency. This offers traders, merchants and funds a low volatility solution when exiting positions in the market.

Tether is a stablecoin designed to mitigate crypto market volatility by pegging its value to the US dollar. It serves as a link between cryptocurrencies and traditional fiat by being a static, reliable, digital store of value.