Tether $USDT Wiki: Coin History, Techstack, and Crypto News
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Tether is a stablecoin cryptocurrency that offers a platform to store, send and receive local currency. The cryptocurrency platform is hosted on Bitcoin and Ethereum. The native token of Tether, known as the USDT, is designed to match 1 USDT to 1 US Dollar. Tether was never fully backed by the US dollar as they claimed initially. They were sued for the claim and had to pay off the legal damage fees though they refused to accept the claim. Research has speculated that this has caused them to participate in price manipulation.