Tether is a cryptocurrency asset launched in 2014. It is owned by Tether limited in Hong Kong-based Ifinex Company. The name "Tether" is because it "tethers" itself to the value of the USD. It is backed by traditional currency, gold, and cash equivalents. Tether is renowned for its security and easy interaction with platforms that convert cryptocurrency into fiat. As such, Tether is one of the most used stablecoins, having been among the forerunner of the digital concept space.


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What is Tether?

Tether is one of the pioneer cryptocurrencies that allows the use of fiat currencies in a digital world.

Is Tether the same as real-world currencies?

Tether is a decentralized digital currency that are tied to real-world currencies.

What are the examples of currencies that support Tether?

Tether is a cryptocurrency that is tied to real-world currencies like Mexican pesos, US dollars (USD), Euros, British Pound Sterling, Gold, Chinese Yuan, and Tether tokens.

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