Tether: meaning, definitions and examples

When used as a proper noun, it usually refers to a specific stablecoin called Tether (USDT), which aims to maintain a 1:1 value with the US dollar.

• Investors often park their funds in Tether during uncertain market conditions.
• Tether is one of the most well-known stablecoins in the cryptocurrency market.

Used in the realm of cryptocurrencies and digital finance. It describes a type of cryptocurrency designed to have a stable value by being backed by assets like traditional currencies or commodities.

• Many traders use stablecoins to reduce risk during market volatility.
• The stablecoin is linked to the value of the euro to ensure minimal fluctuation.

Used specifically in finance and economics to describe a currency that is tied to the value of another currency. This term is often used in discussions about exchange rates and monetary policy.

• Hong Kong maintains a pegged currency with the US dollar.
• Countries with pegged currencies can face challenges during economic fluctuations.

Used when you need to fasten an animal to a fixed object so that it can't move freely. It is often used in the context of livestock or pets.

• She tethered the goat to the fence.
• Make sure to tether the horse securely before you leave.

Commonly used when you need to bind something with a rope or string. Can be used for objects as well as people or animals, sometimes having a negative context if implying restriction or arrest.

• She tied up the package with a string.
• The robbers tied up the hostages.

Best for situations where you need to make sure something is safe or won't move. It has a broader application and can be used for people, objects, or situations.

• He secured the boat to the dock.
• They secured the documents in a safe place.