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Definition: tether

(1) Connected to. See tethering.

(2) (Tether) One of the first stablecoins. Tether (USDT) is tied to the U.S. dollar: 1 USDT = $1. Defined as "blockchain enabled," Tether provides a digital vehicle for making dollar transactions. Introduced in 2014, Tether allows other cryptocurrencies to be quickly converted to U.S. dollar equivalents. See cryptocurrency and stablecoin.