Tether is (as their website states) a "digital currency" or "digital token."
I guess the main distinction to draw there is that cryptocurrencies fit all the qualities of money, whereas fiat currencies do not (particularly store of value).
Tether is (as their website states) a "digital currency" or "digital token."
I guess the main distinction to draw there is that cryptocurrencies fit all the qualities of money, whereas fiat currencies do not (particularly store of value).