@Nathan6692 27 February 2021 more from that month

Tether (USDT) Tether was one of the first and most popular of a group of so-called stablecoins, cryptocurrencies that aim to peg their market value to a currency or other external reference point in order to reduce volatility. Because most digital currencies, even major ones like Bitcoin, have experienced frequent periods of dramatic volatility, Tether and other stablecoins attempt to smooth out price fluctuations in order to attract users who may otherwise be cautious. Tether’s price is tied directly to the price of the US dollar. The system allows users to more easily make transfers from other cryptocurrencies back to US dollars in a more timely manner than actually converting to normal currency. Launched in 2014, Tether describes itself as "a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner." Effectively, this cryptocurrency allows individuals to utilize a blockchain network and related technologies to transact in traditional currencies while minimizing the volatility and complexity often associated with digital currencies. In January of 2021, Tether was the third-largest cryptocurrency by market cap, with a total market cap of $24.4 billion and a per-token value of $1.00. #info #ShortStories