Is Bitcoin Tethered? | https://www.themorganreport.com
Bitcoin itself is said to not be “tethered” in the sense of being directly tied to any asset or currency. Bitcoin’s premise is that it operates as a decentralized cryptocurrency on its blockchain and derives its value from market demand and supply. Its price fluctuates freely based on market activity, investor sentiment, and macroeconomic factors.
However, the term “tethered” might relate to Tether (USDT), a stablecoin that is pegged to the value of the US dollar. Tether is often used in cryptocurrency trading to move funds without converting to fiat currency, providing stability during volatile periods.
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