In other words, if Tether is pegged to the US dollar, 1 USDT will be worth $1. So, is USDT a stablecoin? Yes, and as such, it acts as a bridge between fiat and digital currencies. On that note ...

Tether’s stablecoins run on blockchain technology. A long-standing player in the crypto space, the entity is most known for its stablecoin USDT, which is sometimes referred to simply as Tether.