Crypto
Tether USD
USDT
Tether
Tether USD
1
0%
≈1
Circulating Supply / Total Supply
144640112847/144640112847
∞
Trading Volume / 24H%
544475232.386522
0%
#3
24H Turnover Rate
0.37%
USDT is Tether's token based on stable value currency (USD). Tether was one of the first cryptocurrencies to link its market value to fiat currency. Tether, launched in July 2014 and originally called "Realcoin", sets the value of each token at $1.00 to reduce the friction of moving real money around the entire cryptocurrency ecosystem. 1USDT=1 US dollar, and users can exchange 1:1 between USDT and USD at any time.
Teda is a virtual currency that links a cryptocurrency to the U.S. dollar, the legal tender. Each Teda coin is symbolically linked to a government-backed legal tender. Teda is a virtual currency that is stored in a foreign exchange reserve account and supported by legal tender. This method can effectively prevent the price fluctuation of cryptocurrency. Basically, the value of a Teda coin is equal to 1 US dollar. Tether and other similar cryptocurrencies are known as "stabocoins" because of the company's strict 1:1 reserve guarantee for each US issued. Tether, the largest stablecoin by market capitalization, allows users to exchange USDT for U.S. dollars and conduct money inquiries on the Tether platform to ensure transparency.
Tether is the best solution for bitcoin traders and exchanges facing the difficulties of traditional banking. USDT is a cryptocurrency asset implemented through the Omni layer protocol for conducting bitcoin blockchain transactions. Each USDT unit is backed by a Tether dollar deposit, which can be redeemed through the platform. USDT can be used to transfer, store, pay for consumption, etc. Just like Bitcoin or any other cryptocurrency, users can make transactions and USDT deposits between wallets that support Omni layer protocols such as Ambisafe, Holy Transaction or Omni Wallet.
USDT and other Tether currencies are all set up to speed up the circulation of national currencies, to provide users with a stable currency of consideration for Bitcoin, and to support cash exchange and currently untrusted wallet value auditing. USDT provides an alternative proof of solvency through value reserves assurance.
Under the Tether Reserves proof system, the recycling of USDT can be easily checked on the Bitcoin blockchain through the OmniExplorer. Info tool, while the total amount of US dollars held as endorses can be verified by publishing bank balances and periodic professional partial audits.
Anyone can see how the USDT is being recycled at omniExplorer.info. The total amount of USDT at any point in time represents the total amount of DOLLARS in Tether's current bank account, which will be responsible for cash purchases and acceptance on Tether.
June 4, 2020
Bitfinex and Tether deny all allegations in an amended class action lawsuit against their parent company, iFinex Inc.
31 May 2020
USDT's total issuance reached $9.36 billion and the company ranked third in total market capitalization, up $1.34 billion from April.
30 April 2020
USDT's total issuance reached $8.02 billion, up $1.77 billion from March.
Q1 2020
Tether issued 21.8800806 billion USDT.
23 January 2020
Tether has announced the launch of Tether Gold (XAUT), a stablecoin linked to physical Gold, to be issued as ERC-20 and TRC-20 tokens on Ethereum and tron.
Fourth quarter of 2019
Tether issued 1.0186526 billion USDT.
In October 2019
Five US citizens holding cryptocurrencies are acting as plaintiffs in a class action lawsuit against companies and natural persons, including Tether and Bitfinex.
Q3 2019
Tether issued 6.625 billion USDT.
September 10, 2019
Tether announced the launch of CNHT, a stablecoin linked to the offshore Yuan (CNH), and issued as erC-20 tokens on the Ethereum blockchain.
In May 2019
Bitfinex plans to raise $1 billion through IEO.
April 25 -- May 29, 2019
Tether issued 1.063801 billion USDT.
April 24, 2019
Tether issued 640 million USDT.
In April 2019
The New York State Attorney General's Office (NYAG) sued Bitfinex and Tether, saying the companies were "engaging in fraud."
In March 2019
Tether amended the terms of service so that the USDT endorsement became $75% anchored and 25% iFinex stock secured the loan.
In November 2018
The US Department of Justice (DoJ) is investigating whether bitcoin's rise in 2017 was driven by manipulation by Tether.
In November 2018
Tether released its third audit report (conducted by Deltec Bank), confirming that as of November 1, 2018, Tether had a corresponding reserve of $1.8 billion.
November 1, 2018
Tether announced a partnership with Bahamian Deltec and unveiled a $1.83 billion certificate of assets from the bank.
In October 2018
Bitfinex and Tether formed a partnership with Deltec Bank in the Bahamas.
In June 2018
Tether released its second audit (conducted by law firm Freeh, Sporkin & Sullivan) confirming that as of June 1, 2018, Tether had a corresponding $2.5 billion in reserves.
In May 2018
Bitfinex and Tether teamed up with Noble Bank of Puerto Rico.
January 24, 2018
As of January 4, 2018, Tether had issued 91 USDT's, according to an anonymous report.
January 8, 2018
Tether announced that it will issue EURT that is 1:1 convertible with the euro and will be compatible with the ERC20 standard.
In December 2017
Bitfinex and Tether have been subpoenaed by the COMMODITY Futures Trading Commission (CFTC), among other issues, for lack of transparency.
In September 2017
Tether released its first audit (conducted by Friedman LLP, a New York accounting firm) confirming that it had $443 million in reserves as of September 15, 2017.
From January to July 2017
The value of Tether in circulation rose from $7 million to $320 million.
April 24, 2017
Tether broke its 1:1 peg to the dollar for the first time, trading at a 10 per cent discount while it was cut off from banking.
In April 2017
Wells Fargo cuts off Bitfinex banking business.
In April 2017
Tether's three bank accounts in Taiwan were blocked.
In February 2015
The USDT was officially released, the same month Bitfinex announced support for USDT transactions.
In November 2014
Realcoin changed its name to Tether and announced a partnership with Hong Kong bitcoin exchange Bitfinex.
In July 2014
Founded by Brock Pierce, Reeve Collins and Craig Sellars, RealCoin is registered in the Isle of Man and Hong Kong.
