What is the current Tether price?
What is Tether?
Such fiat-pegged stablecoins can always be redeemed on-demand for a currency they’re backed by. In this case, it is US dollars.
Companies utilize stablecoins like USDT in many ways but they are mainly used for fast, risk-free global transactions, where the assistance of banks or any other 3rd party middlemen is not needed.