Tether is a cryptocurrency token issued by Tether Limited in 2014, blockchain-based digital currency that is pegged to the U.S. dollar.
Pioneered the stablecoin model and are the most widely traded. Tether tokens (USD₮) claims its value is backed by 20 percent of its US dollar reserves held in its bank accounts.
Stablecoins typically have a 1:1 relationship with USD and experience far less volatility than cryptocurrency counterparts like bitcoin (BTC) and ethereum (ETH).
100% backed by Tether’s reserves
available in different currencies - USD₮, EUR₮, MXN₮ CNH₮.
The main idea - to provide participants in the cryptocurrency market with the opportunity to use a stable digital asset (“stablecoin”), the rate of which is pegged to the US dollar and does not fluctuate as much as the rates of other cryptocurrencies.