Share this link with your friends and earn 10% referral commission
Tether is a blockchain-based cryptocurrency whose cryptocoins in circulation are backed by an equivalent amount of traditional fiat currencies, like the dollar, the euro or the Japanese yen, which are held in a designated bank account. Tether tokens, the native tokens of the Tether network, trade under the USDT symbol. Tether specifically belongs to the category of fiat collateralized stablecoins, that is – a fiat currency like the US dollar, the euro or the yen, backs each cryptocoin in circulation.