Tether News

Tether is a stablecoin, a cryptocurrency whose value is pegged to the US Dollar and backed by reserves held by its parent company (in 2019, Tether admitted in court documents that it was only 74% backed by cash and cash equivalents). Most cryptocurrencies are extremely volatile; Tether markets itself as a relief from crypto speculation. In terms of trading volume, Tether is the most widely used cryptocurrency in the world.