Tether (USDT)

USDT is a USD-linked stablecoin launched in 2014 by Tether Limited Inc. Stablecoins are cryptocurrencies designed to maintain a stable value relative to a reserve asset, such as a fiat currency. In the case of USDT, each token is secured by an equivalent amount of assets held in the reserves of the company. As a result, USDT offers the advantages of cryptocurrencies by minimizing price fluctuations.