What Is Tether? – TheStreet

Cryptocurrencies have been dominating business news for the past few years. While Bitcoin and Ethereum and Tesla  (TSLA) – Get Tesla Inc Report CEO Elon Musk’s favorite Dogecoin are some of the popular cryptocurrencies, Tether is another cryptocurrency to look out for. 

You may be surprised to know that Tether is actually the world’s third-biggest cryptocurrency by market value. 

Launched as “Realcoin” in July 2014, trading of Tether tokens ~ under the USDT symbol ~ started in February 2015. Unlike the extremely volatile nature of cryptocurrencies like Bitcoin and Ethereum, its price is usually equivalent to $1.