Tether is a stablecoin pegged to the U.S. dollar, facilitating seamless cryptocurrency transactions by maintaining a 1:1 value ratio.
Tether is a stablecoin designed to maintain a stable value by pegging its price to the U.S. dollar. It operates on multiple blockchains,and is widely used for trading, remittances, and as a hedge against volatility.
Tether provides stability in the volatile cryptocurrency market by offering a digital asset that mirrors the value of the U.S. dollar. This stability enables users to trade cryptocurrencies without the need to convert to fiat currencies, facilitates cross-border transactions, and serves as a reliable store of value within the digital economy.
In March 2024, Tether's USDT was launched on Celo. This integration aimed to enhance financial inclusion by enabling fast, low-cost payments, particularly in developing regions, and expanded the use cases for stable assets on Celo, including remittances, savings, lending, and cross-border payments.
In 2019, Tether surpassed Bitcoin in trading volume, becoming the most traded cryptocurrency globally. This milestone highlighted Tether's essential role in providing liquidity and stability within the crypto market.
