Market Data
About Tether
Tether (USDT) is a fiat-backed stablecoin pegged 1:1 to the U.S. Dollar. Launched in 2014 by Tether Limited Inc., it is the most widely used stablecoin in the cryptocurrency market, providing liquidity and serving as a stable medium of exchange. USDT operates as a multi-chain asset, deployed across numerous networks including Ethereum, Tron, Solana, Avalanche, TON, and Aptos. Each token is intended to be 100% backed by Tether's reserves, which include traditional currency, cash equivalents, and U.S. Treasury bonds. Tether Limited, part of a broader ecosystem that includes divisions focused on AI, P2P technology, and sustainable Bitcoin mining, manages the asset's issuance. USDT does not have its own blockchain but operates as a token on top of other blockchains, secured by their respective consensus mechanisms.
Recent Tether news
See all →THE BLOCK: Tether's excess reserves fall by more than $4 billion amid weaker Q2 financial results
DECRYPT: Tether Reports $1.5B Q2 Profit as USDT Supply Grows, Gold Holdings Rise
COINTELEGRAPH: Tether earns $1.5B in Q2 as US Treasury holdings fuel profits
THE BLOCK: Visa CEO sidesteps labeling Open USD a challenger to Tether and USDC: 'Our role is not to pick winners'
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