Tether tokens are assets that can be easily transferred on the blockchain like other digital currencies, but are pegged 1 to 1 to real-world currency.
Tether tokens are called stablecoins because they are pegged to fiat currencies and are stable in price. This provides users with a low-volatility solution when using digital currencies.
All Tether tokens are pegged 1 to 1 to the corresponding fiat currency (e.g., 1 USDT = 1 USD) and are 100% backed by Tether's reserves.
As a fully transparent company, we routinely publish information on the daily number of Tether tokens in circulation and quarterly reserves on our transparency page.
