What is Tether (USDT)?


What is Tether (USDT)?

The stablecoin Tether, known by USDT, uses blockchain like all other digital coins and tokens. Unlike Bitcoin and some other altcoins such as Litecoin and Ethereum, Tether is stable in value and inherently addresses and eliminates the volatility factor of cryptocurrencies. Tether is backed by a legal reserve. On USDT, each token is backed at $1.

 

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