Tether is a blockchain-enabled platform designed to facilitate the digital use of fiat currencies with stability. It has a digital currency called Tether (USDT) that is pegged 1:1 to the US dollar and can be used for trading, payments, and transfers across blockchains. Tether enables users to bridge traditional finance and crypto, offering price stability in volatile markets with low fees and transparency.

Tether aims to be the leading stablecoin for global finance, providing a reliable digital dollar for merchants, traders, and funds without the risks of price fluctuations.

USDT is a valuable and widely used cryptocurrency because it is the most traded stablecoin, backed by reserves, and essential for liquidity in crypto markets, holding the majority share among stablecoins.