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What is Tether (USDT)?

What is the Cryptocurrency Tether or USDT?

Matthew Ginn avatar
Written by Matthew Ginn
Updated over a week ago

Tether or USDT is a cryptocurrency that is pegged to the United Stated Dollar or commonly referred to as a "Stable Coin". This means that the price of 1 USDT is the same price as 1 US Dollar. USDT or stable coins that are pegged to the US Dollar can be used as a store of value on a blockchain cryptocurrency network that allows you to keep crypto currency funds readily available without exposing yourself to market fluctuations commonly seen in other cryptocurrency such as Bitcoin, Ethereum, Polygon, or Solana.

File:Tether Logo.svg - Wikimedia Commons

Tether is primarily operated on the ERC-20 (Ethereum Mainnet) however it can be bridged to other networks such as Polygon, BNB, Solana, AVAX, etc.

Tether on the Polygon network will be the way you fund your Phenom Poker Wallet. We will have videos showing you how to acquire Tether as well as how to properly and safely fund your wallet.

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