Here are some key points about Tether :
- Tether is a stablecoin pegged to the U.S. dollar.
- Tether is the biggest stablecoin and the third-largest cryptocurrency after Bitcoin and Ethereum.
- Tether is owned by iFinex, the same company that owns the crypto exchange BitFinex.
- Tether can be bought through a crypto exchange or app using Kraken or Coinbase, among other cryptocurrency exchanges.
- Tether is used to avoid the extreme volatility of untethered cryptocurrencies.