Is USDT and Bitcoin same?

Tether (often called by its symbol USDT) is a cryptocurrency that is hosted on the Ethereum and Bitcoin blockchains , among others. Its tokens are issued by the Hong Kong company Tether Limited, which in turn is controlled by the owners of Bitfinex.

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What is ETH and USDT?

Tether (USDT) is an Ethereum token that is pegged to the value of a U.S. dollar (also known as a stablecoin). Tether’s issuer claims that USDT is backed by bank reserves and loans which match or exceed the value of USDT in circulation.

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