Tether Price (USDT)
Price Chart
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About Tether
The largest stablecoin, pegged 1:1 to the US dollar.
Tether (USDT) is a stablecoin issued by Tether Limited that is intended to maintain a value of one US dollar per token. Tether holds reserves — cash, US Treasuries, and other assets — to back the tokens in circulation. USDT runs on multiple blockchains including Ethereum, Tron, Solana, and others. It is the most-traded cryptocurrency by 24-hour volume, largely because traders use it as a quote currency on exchanges instead of fiat dollars.
USDT lets traders quickly move out of volatile crypto positions into a dollar-equivalent without leaving the crypto ecosystem. It is widely used for cross-border remittances, especially in countries with capital controls or weak banking infrastructure. Many DeFi protocols accept USDT as collateral and a unit of account.
Key facts
| Category | Stablecoin (USD-pegged) |
| Launched | 2014 |
| Consensus | Varies by host blockchain |
| Supply | Uncapped. Tether issues and redeems tokens against reserves on demand. |
| Founder | Brock Pierce, Reeve Collins, Craig Sellars (via Tether Limited) |
| Official site | https://tether.to |