The world of cryptocurrency is becoming as diverse as the forms of fiat currency that have dominated global economics for the last several centuries. With each passing year, there are more forms of cryptocurrency added to the mix for users to consider using instead of traditional US Dollars, British Pounds, and Euros.

Introduced in2017, Tether is a form of cryptocurrency hosted on the Ethereum blockchain network. This form of virtual currency is often referred to as either Tether, USDT, or USDT Tether. This particular cryptocurrency is one of the more unique forms of virtual currency because it is what has become known as a stablecoin. It has a fixed value, while other currencies like Bitcoin, Litecoin, and Ethereum have floating values that ebb and flow with market factors.