Tether (USDT) is a type of cryptocurrency known as a stablecoin, which means it’s designed to maintain a stable value by its price being matched to the US dollar. This means that each USDT token is meant to be equivalent to one US dollar, providing stability in the often volatile cryptocurrency market. Tether is widely used for trading and transactions because it combines the stability of traditional currency with the flexibility of digital assets. Many people use Tether to store their money while still being able to trade other cryptocurrencies quickly and easily.