What is Tether?
Tether (USDT) is the largest stablecoin in the cryptocurrency market, designed to provide the benefits of digital currencies while offering the stability of fiat currency. Each USDT token is pegged 1-to-1 with a corresponding fiat currency, primarily the US dollar, and is fully backed by Tether's reserves, which include traditional currency, cash equivalents, and other assets. This ensures that for every USDT in circulation, there is an equivalent amount of fiat currency held in reserve, maintaining its value stability.
USDT tokens operate on multiple major blockchains, including Ethereum, Tron, Solana, Algorand, and more, facilitating seamless transactions across various blockchain ecosystems. This multi-chain support enhances the token's liquidity and accessibility, making Tether the most actively traded stablecoin by volume in the digital asset market.