Tether — a cryptocurrency token issued by Tether Limited, which claims that its value is partly backed by US dollar reserves held in its bank accounts. The main idea of the developers of this token is to provide participants in the cryptocurrency market with the opportunity to use a stable digital asset (“stablecoin”), the rate of which is pegged to the US dollar and does not experience such strong fluctuations as the rates of other cryptocurrencies. Tether is released on the Omni Layer platform, which is an add-on to the Bitcoin blockchain.
Official site: tether.to
Exchange rate now: 1 USDTTRC20 = 1 USD
