- Launched: 2014
- Creator: Tether Limited
- Purpose: Tether is a stablecoin, meaning its value is pegged to the value of a traditional asset (such as the U.S. dollar) to maintain stability and avoid the volatility of other cryptocurrencies.
- Features:
- 1:1 Peg to USD: Tether’s value is always equal to $1, making it a popular choice for users who want to avoid price fluctuations.
- Widely Used: Tether is commonly used for trading and transferring value between exchanges without moving into fiat currency.
- Use Cases: Trading, remittances, and acting as a hedge against cryptocurrency volatility.
- Status: The most widely used stablecoin, often used as a bridge between fiat and cryptocurrency.
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