Tether (USDT) is a centralized cryptocurrency meant to mirror the value of the US dollar. This cryptocurrency can be used as a “Digital Dollar”.
The primary use of Tether is to offer stability to the cryptocurrency traders and investors. Instead of having to go everytime to a KYC exchange, your favorite classic cryptocurrency exchange will provide you with USDT pairs. Those exchanges usually cannot deal with dollars and banks.
With USDT, you are able to move into a coin that will not fluctuate as much as cryptocurrencies, and then preserve your capital.