Tether, or as it’s known by its ticker “USDT” is one of the very first stable coins. Each Tether token (USDT) is supposed to be “tethered” to one U.S. Dollar -- and thus offer a stable spot for traders to park their money when exiting a trade in BTC, ETH, or other paired cryptocurrencies. USDT, or Tether Limited, was conceived of in January 2012. Back then the whitepaper referred to it as Mastercoin. The name changed to Realcoin when it was published in 2014. And in January 2015 it was launched as Tether by Bitfinex -- one of the biggest behemoths in the crypto exchange business.

According to Coinmarketcap -- it’s currently the 7th most traded coin -- and by far the most traded stable coin. No surprise, either, since it is offered by dozens of the absolute largest exchanges as well as myriad middle sized exchanges. Thanks to this, investors and traders can send USDT between exchanges, between themselves, and of course trade between crypto pairs with more ease. USDT With this type of momentum, it continues its dominance -- despite several concerning ‘hiccups’ in recent years...

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