Tether (USDT) Price Statistics

Tether (USDT), a so-called stablecoin, is a cryptocurrency with a value intended to mirror the value of one U.S. dollar. The idea behind Tether is to create a stable cryptocurrency that can be used like digital dollars.

Tether, similar to other cryptocurrencies, uses blockchain technology but is fully backed by FIAT currencies such as U.S. dollar deposits. The main benefit of Tether is that it adds some stability to the otherwise volatile crypto space and provides liquidity to exchanges that cannot trade in U.S. dollars and with banks.

The digital USDT coins are issued by a company called Tether Limited. Tether has no transaction fees, although external wallets and exchanges may charge one. In order to convert USDT to USD and vice versa through the Tether.to platform, users must pay a small fee.