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    A cryptocurrency that has a fixed peg to a stable asset, such as fiat currency or gold. Tether (USDT) is a stablecoin that is fixed to the US dollar, such that each stable coin has a value of $1.00. Theoretically, the circulating supply of the stablecoin should be back by an equivalent value of the asset, held in reserve, to which is is pegged.

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    Justin Chan
    Dr Justin Chan founded datadriveninvestor.com, a media and tech application platform designed to help fund managers, individual investors and data scientists uncover outstanding sources of alpha from data. Previously, he specialized in strategy development in a number of hedge funds and served as a senior quantitative strategist at GMO. An expert in microstructure, market liquidity, and behavioral finance, Dr. Chan holds a doctoral degree from UCLA and served as a finance professor at Singapore Management University. He can be reached at [email protected]