What is tether coin? Why it is stable coin? | Explained

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We will talk about the cryptocurrency known as Tether coin today. Since years, traders have used the well-known cryptocurrency techer coin to leverage their trades without resorting to money. Tether is the first well-known stable coin project and trades on the stock market with the ticker U, S, D, T. A stable coin is linked to fiat money, such as the US dollar. This indicates that it is unaffected by fluctuations in the price of Bitcoin or other cryptocurrencies.