Key metricsKey metrics
PricePrice$1.0000
Asset TypeAsset TypeStablecoin
StructureStructureFor Profit Company
Project StatusProject StatusWorking Product
OwnershipOwnershipFree
SectorSectorCurrency
IndustryIndustryBlockchain
FoundedFounded20-Nov-2014
CountryCountryUnited States
Key personKey personBitfinex

Tether (USDT) Information{coin_name} ({symbol}) Information

Digital money for a digital age. Global, fast, and secure

Tether (USDT) is a cryptocurrency with reference to fiat currencies that is issued by Tether Limited Company. Using the technology of Blockchain, Tether allows the users to keep, send and receive digital tokens pegged to dollars, euros and yens*. *1USDT =/= 1USD - according to ToS (Terms-of-service) of Tether Limited Company - Tether tokens are not money, although they are backed by the currency used to purchase them at issuance. Tether is a blockchain-based cryptocurrency whose cryptocoins in circulation are backed by an equivalent amount of traditional fiat currencies, like the dollar, the euro or the Japanese yen, which are held in a designated bank account.
Bad Press
Tether has been criticised for not providing a proper audit of the funds backing USDT. In May 2019 Tether's general counsel acknowledged USDT is only 74% backed by cash and equivalents. Tether and Bitfinex are currently being investigated by the New York Attorney General.

OrganizationsOrganizations

Tether Limited

Questions and AnswersQuestions and Answers

What is Tether?
Launched in 2014, Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner. Tether works to disrupt the conventional financial system via a more modern approach to money. Tether has made headway by giving customers the ability to transact with traditional currencies across the blockchain, without the inherent volatility and complexity typically associated with a digital currency. As the first blockchain-enabled platform to facilitate the digital use of traditional currencies (a familiar, stable accounting unit), Tether has democratised cross-border transactions across the blockchain.
How does Tether work?
Tethers exists on blockchains using the Omni Protocol and as ERC20 tokens. These transport protocols consist of open source software that interface with blockchains to allow for the issuance and redemption of cryptocurrency tokens, in our case, “tethers” Tether Platform currencies are 100% backed by actual fiat currency assets in our reserve account. Tethers are redeemable and exchangeable pursuant to Tether Limited’s terms of service. The conversion rate is 1 tether USD₮ equals 1 USD.
What real-world currencies does Tether support?
Tether initially supports US Dollars (USD), Euros (EUR). Represented by ₮, tether platform currencies are denoted as USD₮, EUR₮.
Who can use Tether?
ether enables businesses – including exchanges, wallets, payment processors, financial services and ATMs – to easily use fiat currencies on blockchains. Some of the largest businesses in the digital currency ecosystem have integrated tether.
How does Tether protect me from cryptocurrency volatility?
Because they are anchored or ‘tethered’ to real-world currencies. Tethers are new assets that move across blockchain just as easily as other digital currencies. Tether currencies are not money, but are digital tokens formatted to work on blockchains. Tethers hold their value at 1:1 to the underlying assets.
How do I know my Tether is secure?
Tether is built on top of the revolutionary and cryptographically secure open blockchain technologies and adheres to strict security and global government laws and regulations. All tethers are pegged at one-to-one with matching fiat currency (e.g., 1 USD₮ = 1 USD) and are backed 100% by actual assets in our reserve account. As a fully transparent company, we publish a real-time record of all value held and transferred in and out of our reserve account.
Where can I use Tether?
We want to make Tether usable everywhere where you can use digital currency and in many places where digital currencies is not currently accepted.
Is Tether transparent?
Yes. Tether’s platform is built to be fully transparent at all times. Every tether is backed 100% by its original currency.
Do I have to go through the KYC process?
Going through our know your customer (KYC) form and approval process is required to issue and redeem USD₮ and EUR₮.

TechnicalTechnical

Key metricsKey metrics
Token InformationToken Information
Tether is a token on the OMNI platform using the OMNI Layer standard. The address of the token contract is 31.

EconomicsEconomics

Tradeable CoinsTradeable Coins
1,856,421,736 (46% of total) ({tradeable_of_total} of total)

Exchange Markets

ExchangeExchange MarketMarket PricePrice DiffDiff Volume 24hVolume 24h SpreadSpread Spread $1kSpread $1k
Binance BTC/USDT $1.0000 0% $455,781,811 0% 0%
Binance ETH/USDT $1.0000 0% $53,462,391 0.05% 0.06%
Binance BNB/USDT $1.0000 0% $35,459,126 0.05% 0.05%
Binance LTC/USDT $1.0000 0% $23,876,811 0.06% 0.08%
Binance EOS/USDT $1.0000 0% $19,820,111 0.07% 0.08%
Gate.io BTC/USDT $1.0000 0% $19,735,436 0.14% 0.14%
Binance XRP/USDT $1.0000 0% $19,242,026 0.05% 0.08%
Binance TRX/USDT $1.0000 0% $10,955,312 0.1% 0.1%
Gate.io EOS/USDT $1.0000 0% $9,303,605 0.15% 0.21%
Gate.io ETH/USDT $1.0000 0% $8,308,087 0.17% 0.19%
Binance USDC/USDT $1.0000 0% $7,951,326 0.02% 0.05%
Binance PAX/USDT $1.0000 0% $5,786,137 0.03% 0.04%
Binance ADA/USDT $1.0000 0% $5,393,193 0.12% 0.12%
Poloniex BTC/USDT $1.0000 0% $5,105,530 0.08% 0.08%
Binance LINK/USDT $1.0000 0% $4,747,304 0.19% 0.25%
Binance TUSD/USDT $1.0000 0% $4,563,664 0.02% 0.03%
Binance BTT/USDT $0.9994 -0.06% $3,240,137 0.12% 0.19%
Gate.io BCH/USDT $1.0000 0% $3,110,597 0.2% 0.36%
Binance HOT/USDT $1.0003 0.03% $2,991,219 0.42% 0.54%
Gate.io LTC/USDT $1.0000 0% $2,684,649 0.12% 0.16%
Kraken USDT/USD $1.0004 0.04% $2,611,881 0.01% 0.06%
Bittrex BTC/USDT $1.0000 0% $2,550,158 0% 0%
Binance NEO/USDT $1.0000 0% $2,337,725 0.21% 0.25%
Gate.io HT/USDT $1.0000 0% $2,276,667 0.09% 0.13%
Binance XLM/USDT $1.0000 0% $2,165,905 0.1% 0.14%
Binance IOST/USDT $1.0000 0% $1,905,361 0.48% 1.6%
Binance ONT/USDT $1.0000 0% $1,551,557 0.14% 0.16%
Gate.io BNB/USDT $1.0000 0% $1,435,830 0.05% 0.17%
Poloniex ETH/USDT $1.0000 0% $1,429,359 0.23% 0.23%
Binance ETC/USDT $1.0000 0% $1,379,739 0.1% 0.11%
Gate.io XTZ/USDT $1.0000 0% $1,321,014 0.29% 0.95%
Binance VET/USDT $1.0000 0% $1,282,354 0.3% 0.4%
Binance ATOM/USDT $1.0000 0% $1,201,501 0.09% 0.16%
Binance MIOTA/USDT $1.0000 0% $1,077,808 0.27% 0.78%
Binance ICX/USDT $1.0000 0% $966,960 0.2% 0.55%
Bittrex ETH/USDT $1.0000 0% $904,053 0.1% 0.1%
Binance QTUM/USDT $1.0000 0% $886,254 0.19% 0.3%
Binance FET/USDT $1.0000 0% $881,250 0.54% 0.68%
Binance ZEC/USDT $1.0000 0% $823,076 0.26% 0.36%
Gate.io ONT/USDT $1.0000 0% $808,297 0.23% 0.46%
Binance CELR/USDT $1.0000 0% $756,431 0.63% 1.1%
Gate.io XRP/USDT $1.0000 0% $727,399 0.07% 0.17%
Binance XMR/USDT $1.0000 0% $722,736 0.21% 0.28%
Gate.io TRX/USDT $1.0000 0% $675,506 0.15% 0.2%
Gate.io GRIN/USDT $1.0000 0% $671,828 0.1% 1.4%
Bittrex USDT/USD $0.9984 -0.15% $656,895 0.05% 0.05%
Binance NANO/USDT $1.0000 0% $635,367 0.35% 0.96%
Binance ZIL/USDT $1.0000 0% $633,935 0.5% 0.75%
Poloniex XRP/USDT $1.0000 0% $627,412 0.2% 0.46%
Binance BAT/USDT $1.0000 0% $602,147 0.2% 0.68%

Latest Tether NewsLatest Tether News

Tether on Twitter

Tether is moving 275m Tether USDt as part of its Omni authorized but not issue pool to the issuance address in order to burn/revoke them, tx: 8d03ecdaab51bd0a4d4cc78920f1d512f1f559e2095ab72aa271915d8f5dc571

Tether on Twitter ReadRead 

Bittrex on Twitter

Update: We are swapping our implementation of Tether from the Omni network to the Ethereum network, resulting in movement of funds from our USDT wallet. There is no need to be worried.

Tether on Twitter ReadRead 

Paolo Ardoino on Twitter

. @Tether_to is working with an exchange to perform a swap from Omni to ERC20 of part of its USDt cold wallet.

Tether on Twitter ReadRead 

NYAG Pushes Back on Bitfinex’s Claim That State’s Investigation Is Burdensome

Quit whining, Bitfinex. That’s the message of the latest court filing by the New York Attorney General’s office (NYAG) in its ongoing case against the cryptocurrency exchange and affiliated stablecoin issuer Tether. Earlier this week, Bitfinex and Tether’s lawyers complained to New York State Supreme Court Judge Joel...

Coindesk ReadRead 

NYAG Case Has Cost Bitfinex $500K Just to Dig Up Documents, Filing Says

Bitfinex and Tether have spent half a million dollars just on finding documents for the New York Attorney General’s (NYAG) office, a new letter by its lawyers says. In the letter filed with the New York Supreme Court Tuesday, attorneys Jason Weinstein and Charles Michael of Steptoe and Johnson LLP, and David Miller...

Coindesk ReadRead 

Bittrex on Twitter

Support for ERC20-based Tether [USDT] Deposits and Withdrawals. Details: https://t.co/hNHcXm1SnS

Tether on Twitter ReadRead 

Bitfinex on Twitter

We now have full support for EOS-based USDt deposits and withdrawals on Bitfinex! The launch of EOS-based Tether on Bitfinex follows today’s launch of @eosfinexproject - a fully on-chain EOS based trading platform. https://t.co/y3zOoG3GO7

Tether on Twitter ReadRead 

Bitfinex on Twitter

Bitfinex has enabled full support for Tron-based USDt deposits and withdrawals. Announced in March 2019, TRC20 USDt seamlessly facilitates the movement of fiat-pegged tokens across the Tron network. To learn more, visit https://t.co/AnUrtfK1OC… https://t.co/Wcvtt19oCo

Tether on Twitter ReadRead 

Tether on Twitter

On a quest towards improved interoperability, it is with great pleasure that we announce support for Tether on the Liquid Network. @Blockstream https://t.co/8ONZZmbo0j… https://t.co/EDzJrlgpRo

Tether on Twitter ReadRead 

Paolo Ardoino on Twitter

You can see Tether USDt registered on Liquid here: https://t.co/Na0tQ7S1iu A JSON is better than 1000 words :-)…

Tether on Twitter ReadRead 
This information is provided AS IS and is not adviceThis information is provided AS IS and is not advice. May contain errors or omissions. Please always do your own research before trading.May contain errors or omissions. Please always do your own research before trading.
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