Tether (USDT) is a stablecoin pegged to the U.S. dollar, designed to maintain a 1:1 value ratio. It operates on blockchain technology, primarily the Omni Layer, and claims full backing by USD reserves held by Tether Limited. The token provides stability in the volatile crypto market and facilitates liquidity for exchanges.

USDT is widely used for trading cryptocurrencies, enabling faster and cheaper fiat conversions. It is supported by major exchanges and can be stored in Omni Layer-compatible wallets. While Tether itself has no transaction fees, third-party platforms may impose charges for conversions or transfers.