Tether (USDT) is a stablecoin pegged to the U.S. dollar, designed to maintain a 1:1 value ratio with USD. It operates on blockchain technology and claims to be fully backed 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 charge for conversions or transfers.