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Tether is a cryptocurrency that is labelled as the stable coin. Although the two terms aren’t usually used in the same sentence, Tether brings them together with its framework. Tether is pegged to real-world fiat currencies like USD and EUR. The 1:1 pegging to the Tether reserves means users can use it as fiat currencies in the crypto world. A Japanese Yen version of Tether is on the way as well. The amount of Tether is controlled by the reserve, with tokens created and destroyed as per the funds added or subtracted from the Tether funds.
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