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Tether is a cryptocurrency that is backed by the U.S. dollar. It is a digital asset that is designed to be a stable coin, meaning it is designed to hold its value at a 1:1 ratio to the U.S. dollar. It was created in 2015 and has become one of the most popular cryptocurrencies in the world. Tether is used to buy and sell cryptocurrencies on many exchanges. It is used to facilitate trading between different cryptocurrencies, and has become an important part of the cryptocurrency ecosystem.