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Tether is a cryptocurrency with reference to fiat currencies that is issued by Tether Limited Company. Using the technology of Blockchain, Tether allows the users to keep, send and receive digital tokens pegged to dollars. Tether uses blockchain via the Omni Layer protocol. Theoretically, USDT can be exchanged for dollars at any moment at the Tether platform itself. However, in the platform’s rules it is stated that Tether is not money and not financial tools and Tether Limited is not obliged to carry out the exchange of its tokens for fiat currencies as well as it doesn’t guarantee such exchange and protection from losses when buying, selling or buying out of Tethers.