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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"Tether is not competing with banks; it's taking over the role of core financial infrastructure in the many places where banks gave up, leaving entire communities alone."

"Tether is not competing with banks.