Tether Dollars are used on popular cryptocurrency exchanges as a crypto version of the US$ that can be traded for coins like Bitcoin and Ethereum as if they are real dollars. The theory is that a Tether Dollar (USDT) can always be redeemed for one real fiat US dollar on a 1:1 basis. That theory seems to be in dispute. Please watch this important video if you have any crypto stored on exchanges or have been considering trading crypto.
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