Tether (USDT)

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Tether is a stablecoin that aims to maintain a 1:1 peg with the US dollar, providing a stable digital currency that can be used in the cryptocurrency ecosystem. Tether is often used by traders to hedge against market volatility, enabling them to move in and out of different cryptocurrencies without converting back to fiat currency. Tether operates on multiple blockchain platforms, including Bitcoin (via the Omni Layer), Ethereum (as an ERC-20 token), and others.