#USDT

In a recent interview, Paolo Ardoino, the CEO of Tether, talked about his company’s close relationship with the US government. But what exactly does this mean for someone who has no experience in cryptocurrencies? Let’s break it down in simple terms and with real-life examples.
What is Tether and what are Stablecoins?
First, it's important to understand that Tether is a stablecoin, meaning a cryptocurrency whose value is pegged to the US dollar. This means that unlike other cryptocurrencies like Bitcoin, whose value can rise or fall rapidly, Tether is always worth roughly one dollar. Stablecoins are useful for those who want stability in their cryptocurrency investments without the large fluctuations that other assets have.