Tether is a digital token supported by fiat currency that provides individuals and organizations while using a family accounting unit, a robust and decentralized method of exchanging values. Tether proposes a way of maintaining a single-to-one reserve ratio between a token known as the crypto-monetary token with its real-world asset, a fiat currency, to maintain accountability and guarantee exchange-rate stability.

After being rebranded from the original Realcoin project, Tether (USDT) was initiated in November 2014. The project was first founded in cooperation with the software engineer Craig Sellars and the entrepreneur Reeve Collins by Bitcoin Foundation director Brock Pierce. Before the name change came, the RealCoin starter laid the foundation for Tether 's operation. The crypto-currency was built and operated on the OmniLayer platform, a Bitcoin-based software layer. Thus, each time new Tether tokens are issued, they can be monitored on the platform to allow the wider community to maintain tabs on how often new Tethers have been released.

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