Tether was the first stable coin in the cryptocurrency market. Its native coin, USDT, was designed to have similar features to fiat but with a digital currency's properties, providing the crypto community with a safer alternative for holding their funds and making crypto trades. USDT gained rapid adoption in 2017 and has since become the fourth-largest cryptocurrency by market capitalization.
Tether is a type of digital currency called a stablecoin and seeks to imitate the value of the U.S. dollar. Learn about what Tether is used for & how it works. Visit our What is Tether page to learn more.