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About Tether
Tether enables businesses – including exchanges, wallets, payment processors, financial services and ATMs – to easily use fiat-backed tokens on blockchains. By leveraging Blockchain technology, Tether allows you to store, send and receive digital tokens person-to-person, globally, instantly, and securely for a fraction of the cost of alternatives. Tether’s platform is built to be fully transparent at all times.
USDT is a stablecoin (stable-value cryptocurrency) that mirrors the price of the U.S. dollar, issued by a Hong Kong-based company Tether. The token’s peg to the USD is achieved via maintaining a sum of dollars in reserves that is equal to the number of USDT in circulation.
Originally launched in July 2014 as Realcoin, a second-layer cryptocurrency token built on top of Bitcoin’s blockchain through the use of the Omni platform, it was later renamed to USTether, and then, finally, to USDT. In addition to Bitcoin’s, USDT was later updated to work on the Ethereum, EOS, Tron, Algorand, and OMG blockchains.
The stated purpose of USDT is to combine the unrestricted nature of cryptocurrencies — which can be sent between users without a trusted third-party intermediary — with the stable value of the US dollar.
Features
Multiple blockchains support
Tether tokens are built on multiple blockchains—offering easy integration and adoption. Supported blockchains are Bitcoin (Omni & Liquid protocol), Ethereum, TRON, EOS, Algorand, Solana, OMG Network, and Bitcoin Cash (SLP).
Unparalleled liquidity
Tether tokens are among the most traded tokens in terms of daily volume, offering unequalled liquidity.
Widespread Adoption
From exchanges and digital wallet apps to decentralised finance (DeFi) protocols and payment services, Tether tokens offer a smart alternative to fiat gateways.
100% backed by Tether’s reserves
All Tether tokens are pegged at 1-to-1 with a matching fiat currency (e.g., 1 USD₮ = 1 USD) and are backed 100% by Tether’s reserves. The reserves match or exceed the amount required to redeem all Tether tokens in circulation.
Fully transparent
Tether tokens’ issued and reserve assets are publicly available and updated.
Available in different currencies
Tether supports US dollar (USD), euro (EUR) and offshore Chinese yuan (CNH). Represented by ₮, Tether tokens are denoted as USD₮, EUR₮, CNH₮.
Regulatory-compliant
Tether maintains world-class standardised compliance measures for anti-money laundering (AML), countering the financing of terrorism (CFT), sanctions, and know your customer (KYC) laws and .
Best-in-class customer support
A highly-trained customer support team is ready to help you 24/7.
Activity
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Tether Team
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