Tether Limited is the company behind the Tether Tokens. These tokens are supported by actual fiat currency assets that include Euros, USD, and soon will be supporting Japanese Yen too. In other words, you can say it is a digital currency which can convert digital currency into conventional currencies like Dollar, Yen and Euro. The value of one Tether is equal to one underlying unit of the currency that supports it. For instance – U.S dollar, and it is backed by 100% actual assets in the reserve account of the Tether Platform. The Tether is “tethered” or anchored, therefore provides excellent protection against the volatility of cryptocurrencies.
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