How does Tether USDT work?

[JocelynKim]

All say that USDT is a real currency  what does that actually mean and how does that perform

[Rose_Staw]

Tether is a stable coin whose price remains stable and equal to usd value. Most of them convert their cryptos to tether to avoid price drops. It will be useful especially when there is a bear market. The tether bitcoin is the most converted coin pair.