FAQ / General Questions

What is Tether (USDT)?

Last updated: November 23, 2018

Tether is a cryptocurrency that was created with the intent of mirroring the US Dollar. It is meant to be traded at a fixed price of USD$1. Each Tether is allegedly backed by 1 real Dollar, that’s held in the company’s reserve.

There is also a form of Tether that is backed by the Euro, even though it has an extremely low trading volume.