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
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.