CRYPTOPROJECTS

USDT

Tether

Tether (USDT) is a stablecoin issued by Tether Holding Limited, associated with Bitfinex exchange. It operates on various blockchains, initially on Bitcoin's Omni Layer and later on Ethereum's ERC-20 standard, ensuring stability and security. With availability on multiple networks like Ethereum, Tron, and EOS, Tether maintains a 1:1 peg to the US dollar, backed by fiat reserves held by Tether Limited. This transparency is showcased through their published balances on the Transparency page.

USDT's primary use lies in providing stability and liquidity in the volatile cryptocurrency market, serving as a reliable medium for trading and storing value, especially during market fluctuations.