The Altcoin Label Covers Crypto With Different Roles and Uses

The altcoin label covers cryptocurrencies with different roles and uses. Ether pays Ethereum transaction fees and helps secure the network, while Tether's USD₮ is designed to track the U.S. dollar at a 1-to-1 peg. These distinct functions highlight the diversity within the altcoin category, from utility tokens to stablecoins.