Tether (USDT) is a stable digital currency designed to maintain a value of 1 US dollar.

Tether maintains reserves of assets equal to the total amount of USDT in circulation. These reserves are intended to back the value of every USDT issued, keeping its price close to 1 US dollar.

People use USDT to hold or move value in US dollars without going through a bank, and to reduce exposure to the price swings common in other cryptocurrencies. Because its value remains closely tied to the US dollar, USDT also serves as a reference point when trading other digital assets.

Tether was first issued in 2014 and has since become one of the most widely used stable digital currencies in the crypto market.

On Bitso, you can hold, buy, sell, and convert USDT like any other supported digital asset.