Tether (USDT) is a stablecoin designed to offer a stable medium of exchange in the volatile crypto market. Each USDT token aims to be pegged to a reserve of assets to maintain a 1:1 value ratio worth one US dollar.
Key Features & Stability Measures:
Instant Transfers: Faster than traditional banking.
Low-Cost Remittances: Offers affordable, fast cross-border payments.
Global Access: Decentralized and available worldwide.
Backed by various assets: Each token is collateralized with cash, US Treasuries, commercial papers, corporate bonds and other assets.
Quarterly Reserve Reports: Efforts to improve transparency through periodic reporting.