Tether is a pioneer in the digital use of traditional currencies and provides participants in the cryptocurrency market with the opportunity to use a stable digital asset ("stablecoin"), the rate of which is tied to the US dollar and does not experience such strong fluctuations as the rates of other cryptocurrencies.

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Assurance Opinion Once Again Re-affirms Tether’s Reserves Fully Backed; Reveals Significant Reductions in Commercial Paper and Increase in U.S. Treasury Bills https://tether.to/en/assurance-opinion-once-again-re-affirms-tethers-reserves-fully-backed-reveals-significant-reductions-in-commercial-paper-and-increase-in-us-treasury-bills/

Assurance Opinion Once Again Re-affirms Tether's Reserves Fully Backed.