Tether is a cryptocurrency backed by USD and loans to affiliate companies. Tether is a stablecoin, which means it was designed to have a value of 1.00 no matter what happens. Tether sparked a lot of controversy during the years, with accusations noting that Tether is used to manipulate the price of Bitcoin. Still, Tether is a popular coin with one of the highest trading volumes of all coins.
A whitepaper was published online in January 2012 by J.R. Willet, and it contained information on how to create new currencies with the Bitcoin Protocol. Before Tether, there was Realcoin, released on October 6, 2014, using the Bitcoin blockchain. It was renamed to Tether, and the founders claimed that a single token is 100% backed by the USD.
Today, Tether runs on the Ethereum blockchain. It has the third market cap out of all cryptocurrencies, and it seems the future is bright, despite all allegations in the past.
Check out some of the businesses already accepting Tether payments