what is tether usd
Weâve combined the best of both worlds. Tether converts cash into digital currency, to anchor or tether the value to the price of national currencies like the US dollar, the Euro, and the Yen. Every tether is always backed 1-to-1, by traditional currency held in our reserves. So 1 USDâ® is always equivalent to 1 USD. Our reserve holdings are published daily and subject to frequent professional audits. All tethers in circulation always match our reserves.