The promise of Tether, the digital currency pegged 1:1 to the US dollar, was that it could provide the benefits of a cryptocurrency while providing a fiat ...
source https://www.google.com/url?rct=j&sa=t&url=https://techcrunch.com/2018/10/25/as-tether-flails-cryptocurrency-exchanges-launch-rival-stablecoins/&ct=ga&cd=CAIyGmM2Nzk3ODA2ZWViNjVjODI6Y29tOmVuOlVT&usg=AFQjCNH-A5t2fFxP25h8kmKmvkUKS6l59A