Hello
Tether (USDT) is the most popular cryptocurrency belonging to the group of stable-coins, i.e. coins linked in a 1: 1 ratio to a specific asset (similar to Dai, True USD). Tether is implicitly pegged to the US dollar (USD) rate and is always aimed at exactly $ 1. Tether is built on the bitcoin (BTC) blockchain via the Omni Layer platform (similar to e.g. MaidSafeCoin). A small part of USDT tokens also exist in the form of ERC20 contracts, based on the Ethereum blockchain (available on the Ethfinex exchange). USDT is a centralized token issued by a private company Tether Ltd. in multi-million tranches, which mainly goes to cryptocurrency exchanges. The company that issues USDT declares that its supply is fully covered in US dollars.
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