• Tether (USDT) is a stablecoin, a type of cryptocurrency that has a stable valuation.
  • Tether is used by investors who want to avoid the volatility of cryptocurrencies while keeping funds in the cryptosystem.
  • In 2021, Tether’s parent company paid nearly $60 million in fines to settle two regulatory investigations alleging it mishandled and misrepresented its reserves.