The world's most widely used stablecoin, pegged to the US dollar.
Tether (USDT) is a digital asset designed to maintain a 1:1 value with the US dollar.
It allows users to move money quickly across blockchains without exposure to price volatility.
Issued by Tether Limited, USDT is backed by a mix of cash, cash equivalents, and other assets. It operates across multiple blockchains including Ethereum, Tron, Solana, and Polygon.
Below is live market data fetched directly from the CoinGecko API.
Tether (USDT) Live Data
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Project Overview
Tether was launched to bridge the gap between traditional finance and cryptocurrencies. Its goal is to offer a stable, blockchain-based currency that mirrors the value of fiat money.
USDT has become essential for trading, remittances, and decentralized finance (DeFi), providing liquidity and stability in the crypto markets.
Despite controversies about its reserves in the past, Tether continues to dominate the stablecoin market with regular audits and transparency reports.
Key Insights
Tether (USDT) is the most traded cryptocurrency by volume, surpassing even Bitcoin. It provides stability to traders, exchanges, and DeFi platforms needing dollar-denominated liquidity.
The coin's widespread adoption has made it a cornerstone of the crypto ecosystem, facilitating billions of dollars in daily transactions.
Tether's expansion to multiple blockchains ensures flexibility and accessibility for users worldwide.
Common Questions About Tether
1. What is Tether (USDT)?
It's a stablecoin pegged to the US dollar, maintaining a value close to $1.
2. How is Tether backed?
Tether Limited claims USDT is backed by cash, treasury bills, and other liquid assets.
3. Why is Tether important?
It allows traders to move funds quickly between exchanges without converting to fiat money.
4. Is Tether safe?
While it's widely used, investors should be aware of regulatory scrutiny and rely on verified audits.
5. On which blockchains does Tether operate?
USDT exists on Ethereum, Tron, Solana, Polygon, and several other blockchains.
Market Context
Tether remains the dominant stablecoin in the market, often used as a benchmark for digital dollar liquidity. Its role in DeFi, trading pairs, and remittances continues to grow as crypto adoption expands.
With competitors like USD Coin (USDC) and DAI, Tether maintains leadership through liquidity and global reach.