I've been researching Ethereum and Tether. Tether is token on Ethereum blockchain. But I cannot find any transaction with Tether on Ethereum explorer.
Can someone please clear things up for me?
You can't research that because its not, Tether is different from Ethereum though Tether uses the network of ETH just because they are good during that time but as you can see, Tether already adopt other networks just to be more effective since many wants a faster and cheaper network. Tether is doing its own name in this market, they are pretty stable and prefer by many to pair Bitcoin and other altcoins.