Key metricsKey metrics
PricePrice$0.9956
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 (51% of total) ({tradeable_of_total} of total)

Exchange Markets

ExchangeExchange MarketMarket PricePrice DiffDiff Volume 24hVolume 24h SpreadSpread Spread $1kSpread $1k
Binance BTC/USDT $0.9956 0% $626,034,245 0.02% 0.03%
Binance ETH/USDT $0.9956 0% $130,493,957 0.04% 0.06%
Binance BNB/USDT $0.9956 0% $103,085,770 0.01% 0.01%
Binance XRP/USDT $0.9956 0% $71,101,531 0.04% 0.1%
Binance TRX/USDT $0.9956 0% $46,547,912 0.03% 0.08%
Binance EOS/USDT $0.9956 0% $41,503,643 0.05% 0.06%
Binance LTC/USDT $0.9956 0% $39,037,500 0.05% 0.06%
Gate.io BTC/USDT $0.9956 0% $36,300,634 0.14% 0.14%
Binance ADA/USDT $0.9956 0% $29,318,599 0.11% 0.14%
Binance NEO/USDT $0.9956 0% $24,611,303 0.01% 0.1%
Gate.io ETH/USDT $0.9956 0% $22,396,926 0.12% 0.12%
Gate.io EOS/USDT $0.9956 0% $20,044,849 0.07% 0.1%
Binance FET/USDT $0.9956 0% $12,683,839 0.11% 0.28%
Gate.io AE/USDT $0.9956 0% $11,363,473 0.41% 0.43%
Binance TUSD/USDT $0.9956 0% $10,986,614 0.03% 0.04%
Poloniex BTC/USDT $0.9956 0% $9,743,258 0.06% 0.12%
Gate.io BEAM/USDT $0.9956 0% $8,923,076 0.74% 1.2%
Binance ETC/USDT $0.9956 0% $7,950,317 0.17% 0.22%
Binance USDC/USDT $0.9956 0% $7,888,593 0.06% 0.09%
Binance BTT/USDT $0.9954 -0.02% $7,583,207 0.12% 0.28%
Binance LINK/USDT $0.9956 0% $7,366,861 0.15% 0.31%
Binance PAX/USDT $0.9956 0% $6,926,658 0.02% 0.04%
Gate.io GRIN/USDT $0.9956 0% $6,711,518 0.02% 0.23%
Gate.io LTC/USDT $0.9956 0% $6,352,530 0.01% 0.02%
Binance XLM/USDT $0.9956 0% $6,068,926 0.11% 0.14%
Gate.io BCH/USDT $0.9956 0% $5,638,350 0.18% 0.22%
Binance ONT/USDT $0.9956 0% $5,307,645 0.1% 0.17%
Gate.io XRP/USDT $0.9956 0% $4,578,705 0.11% 0.11%
Gate.io TRX/USDT $0.9956 0% $4,520,968 0.15% 0.18%
Bittrex BTC/USDT $0.9956 0% $4,125,264 0.07% 0.07%
Gate.io NAS/USDT $0.9956 0% $3,556,665 0.48% 0.72%
Gate.io HT/USDT $0.9956 0% $3,194,161 0.2% 0.25%
Binance VET/USDT $0.9956 0% $3,160,837 0.21% 0.54%
Binance ZEC/USDT $0.9956 0% $3,135,143 0.03% 0.32%
Binance MIOTA/USDT $0.9956 0% $3,039,912 0.13% 0.37%
Gate.io ONT/USDT $0.9956 0% $2,973,855 0.19% 0.19%
Binance ATOM/USDT $0.9956 0% $2,907,122 0.1% 0.18%
Gate.io BNB/USDT $0.9956 0% $2,794,292 0.12% 0.12%
Binance ICX/USDT $0.9956 0% $2,345,724 0.32% 0.46%
Binance HOT/USDT $0.9955 -0.01% $2,252,035 0.42% 0.43%
Binance IOST/USDT $0.9956 0% $2,132,766 0.32% 0.46%
Binance CELR/USDT $0.9956 0% $2,049,165 0.24% 0.36%
Binance QTUM/USDT $0.9956 0% $2,034,541 0.3% 0.33%
Poloniex ETH/USDT $0.9956 0% $1,985,786 0.04% 0.04%
Binance XMR/USDT $0.9956 0% $1,890,728 0.08% 0.32%
Binance ZIL/USDT $0.9956 0% $1,772,450 0.3% 0.54%
Gate.io ADA/USDT $0.9956 0% $1,624,019 0.1% 0.2%
Gate.io BTM/USDT $0.9956 0% $1,537,796 0.05% 0.52%
Binance OMG/USDT $0.9956 0% $1,342,906 0.2% 0.72%
Gate.io ZEC/USDT $0.9956 0% $1,276,877 0.19% 0.37%

Latest Tether NewsLatest Tether News

The stablecoin market is booming

As the ecosystem evolves, crypto exchanges are increasingly creating their own stablecoins. Binance, OKEx, and others are joining the likes of Circle and Coinbase with their own proprietary offerings. A new report from Binance, [*The Evolution of...

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Tether on Twitter

By bringing Tether to EOSIO, Tether strives to unlock the true potential of a blockchain-based stablecoin by appealing to those seeking a borderless and efficient peer-to-peer value transfer.… https://t.co/65dxnMC46H

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Tether on Twitter

The Tether EOS smart contract was developed by Tether. It has been deployed to EOS account 'tethertether' and peer-reviewed by @EOS_Canada.

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Tether on Twitter

Following the widespread success of Tether across Omni and Ethereum, we are delighted to announce our launch on EOS. Read the full announcement here: https://t.co/46ve3jk52x… https://t.co/JlBtl8MDPv

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Paolo Ardoino on Twitter

. @Tether_to is launching on a new chain today. Any guess? I believe that cross-chain support is a key element for the success of a stable-coin.

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Bullish on Bitcoin, Bearish on Trade Relations With Jeffrey Tucker

Dave and Grahm are back with news and price narratives around 2019’s top-performing financial asset. This week’s stories include mainstream media’s Bitcoin FOMO, the real story of Laszlo Hanyecz (the guy behind Bitcoin Pizza Day), Dutch authorities taking down Bestmixer, Tether being partially backed by bitcoin and...

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Paolo Ardoino on Twitter

. @Tether_to is now Tether^3. Just passed 3 billions of issuance. Congrats!! https://t.co/G6SNaZupz6 Stay tuned, big news ahead!

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Tether on Twitter

Bitfinex & Tether obtain stay of document demands in New York: https://t.co/p8ABb9u9ZX

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Why Can USDQ, KRWQ, CNYQ, JPYQ Stablecoins Replace Tether?

Cryptocurrency markets have been famous for huge volatility. This quality of crypto drew attention to Bitcoin in December 2017 when the price rocketed up to $20,000. Subsequently, the price plummeted. And up to this day, no other cryptocurrency has managed to repeat this feat. Some adopters don’t need speculation and...

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Tether Partly Backed by Bitcoin, Court Transcription Reveals

Colin is an associate editor and staff writer for Bitcoin Magazine. He's proud to call Nashville his home, where he lives with his family and doesn't eat hot chicken as much as you might think. May 21, 2019 3:59 PM EST Home › Articles › Tether Partly Backed by Bitcoin, Court Transcription Reveals Law & Justice Tether...

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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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