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Tether is a ERC20 based cryptocurrency running on the Ethereum network that is pegged to the value of the US Dollar. Tether was designed as a bridge between traditional fiat currencies and cryptocurrencies such as Bitcoin, Ethereum and others. Whereas other cryptocurrencies widely fluctuated in terms of price and value, tether aimed to be a stable store of value being pegged to an existing fiat currency.
Issue time：November 26th, 2011