Tether (USDT), is a stablecoin cryptocurrency pegged to fiat currencies like the US Dollar, launched by Tether Limited in 2014. Utilizing blockchain technology, it operates on various blockchain networks like Ethereum, Bitcoin, and TRON, providing stability and interoperability. Backed by fiat currency reserves, it serves as a hedge against cryptocurrency volatility and is widely used in transactions and as a store of value in the cryptocurrency market.
