Is Tether (USDT) built on Ethereum blockchain?

In the initial years of its launch, Tether was often confused with Ether, which is the native and primary cryptocurrency of Ethereum’s blockchain. Tether is a token pegged to a fiat currency, and when issued on a blockchain, it falls in the stablecoin category within cryptocurrencies. Multiple blockchains are used by Tether as a transport vehicle for the movement of tokens from one party to another.

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