Tether

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Tether is a stablecoin app that issues tokens maintaining a pegged value of US$1.00, backed by reserves held by Tether Limited.

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Tether is a cryptocurrency with tokens issued by Tether Limited, which in turn is controlled by the owners of Bitfinex. Tether is called a stablecoin because it was originally designed to always be worth US$1.00, maintaining $1.00 in reserves for each tether issued.

Website: tether.to

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