Tether ERC-20 is a stablecoin that operates on the Ethereum blockchain, utilizing its ERC-20 standard. This adaptation allows for smoother integration and compatibility within the Ethereum ecosystem, enabling users to transact and utilize Tether with Ethereum-based decentralized applications (dApps) and services. As a stablecoin, Tether ERC-20 is pegged to the value of a fiat currency, such as the US dollar, providing a stable digital currency option for traders and investors looking to avoid the volatility typical of other cryptocurrencies. Its use on the Ethereum network also benefits from faster transaction times and lower fees compared to other blockchain platforms, making it a popular choice for facilitating crypto-to-fiat or crypto-to-crypto exchanges.