Tether

What is Thther?

Long used as leverage in trades by cryptocurrency investors, Tether (USDT) is a well-known stablecoin. Tether aims to provide a stable digital asset with security. Stablecoins that compete with Tether include USD Coin (USDC), Dai (DAI), and Pax Dollar (USDP), to name a few.

Tether makes it easier for cryptocurrency traders to enter and exit other cryptocurrency transactions. You don't have to worry about unpredictable losses (or gains) resulting from sharp price changes.

At the time of this writing, Tether had an $89 billion 24-hour trading volume. That makes Tether the most liquid cryptocurrency, surpassing even Bitcoin (BTC) and Ethereum, two mainstays of the cryptocurrency industry (ETH). Additionally, according to market capitalization, it is among the top three cryptos.