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by anonymouz 2953 days ago
I don't understand why you are getting downvoted, because this is indeed what Tether claims. From their homepage

"100% Backed

Every tether is always backed 1-to-1, by traditional currency held in our reserves. So 1 USDâ‚® is always equivalent to 1 USD."

Whether Tether's claim is actually true is at best unclear, of course.