From Cointelegraph

February 9, 2025 11:27 am:

Tether (USDt) is a stablecoin pegged to the US dollar. It’s popular for its stability and liquidity in the cryptocurrency market. Tether works by maintaining a 1:1 reserve of US dollars to back its value. Compared to other stablecoins, Tether is widely used in trading and offers quick transactions with low fees.

Read more at Cointelegraph: What is Tether (USDt), and how does it work?