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\A cryptocurrency blockchain is similar to a bank's balance sheet or ledger. Each currency has its own blockchain, which is an ongoing, constantly re-verified. Tether (USDT): Tether is a stablecoin, a type of crypto that's pegged to traditional fiat currencies like the US dollar. Launched in Cryptocurrency is digital money that doesn't require a bank or financial institution to verify transactions and can be used for purchases or as.