Tether is a cryptocurrency pegged to traditional fiat currencies and backed 1:1 by reserves of these traditional currencies held in accounts by Tether.
Stablecoins and currency pegs. Projects are racing to bring these products into crypto. But what can history teach us about creating fixed exchange rates?
Learn about the three different types of stablecoins: centralized IOU stablecoins, crypto-collateralized stablecoins, and non-collateralized stablecoins.
A financial review by the law firm Freeh, Sporkin & Sullivan LLP (FSS) claims that each USDT is fully-backed by an equivalent USD reserve.