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.
The Tether platform is built on top of open blockchain technologies, leveraging the security and transparency that they provide.
Every tether is always backed 1-to-1, by traditional currency held in our reserves. So 1 USD₮ is always equivalent to 1 USD. Tether is the most widely integrated digital-to-fiat currency today.
White Paper / Documentation