I've been hearing a lot about
Tether recently and I'm curious to know more about it. Specifically, I want to understand what a Tether account is and how it works. Can someone explain this to me in simple terms?
7 answers
Alessandra
Thu Jan 16 2025
It maintains a 1:1 peg to the US dollar.
StormGalaxy
Thu Jan 16 2025
This peg ensures stability in the volatile crypto market.
Tommaso
Thu Jan 16 2025
USDT serves as a digital representation of fiat currency.
Elena
Thu Jan 16 2025
Tether (USDT) enjoys widespread popularity as a stablecoin.
Daniela
Thu Jan 16 2025
It offers users a convenient way to trade in cryptocurrency.