What is Tether?
Tether (USDT) is a cryptocurrency stablecoin pegged to the value of one US dollar. It claims to be backed by fiat reserves and other financial instruments and is natively available across 16 different blockchains. Tether is a centralized cryptocurrency stablecoin pegged to the value of one US dollar.
Tether goals
The purpose of Tether is to provide a stable medium of exchange, bridging the gap between the crypto and traditional fiat markets. Its primary use case is facilitating cryptocurrency trading by offering stability, allowing for faster and more secure transactions. Other notable use cases of Tether include its benefits for traders, gamblers, retailers, and individuals, making it an integral part of the crypto market.
Tether fondamentals
Tether has a market capitalization of $137433979408. As of August 1, 2024, Tether reported having $118.4 billion in reserves, including $5.3 billion in excess reserves.
Marketcap
$137.43B
Total number of Tether
137460714171 USDT
Tether technology
Tether is available on multiple blockchains, including Ethereum, Solana, BSC, and Tron. It is a centralized cryptocurrency stablecoin pegged to the value of one US dollar.
Tether competitors
Tether's competitors in the stablecoin market include MakerDAO, Gluwa, COTI, and SphereOne. Other alternatives to Tether (USDT) are USD Coin (USDC), and Liquity USD (LUSD). These stablecoins offer similar functionalities to Tether, aiming to compete in the market dominated by USDT since its launch in 2014.
Tether price history
Frequently asked questions
Tether (USDT) is a cryptocurrency stablecoin pegged to the value of one US dollar.
The purpose of Tether is to provide a stable medium of exchange, bridging the gap between the crypto and traditional fiat markets.
No, Tether is a centralized cryptocurrency stablecoin pegged to the value of one US dollar.
The market capitalization of Tether is $137433979408
As of August 1, 2024, Tether reported having $118.4 billion in reserves, including $5.3 billion in excess reserves.
Yes, Tether is available on multiple blockchains, including Ethereum, Solana, BSC, and Tron.
Tether's competitors in the stablecoin market include MakerDAO, Gluwa, COTI, and SphereOne. Other alternatives to Tether (USDT) are USD Coin (USDC), TerraUSD (UST), and Liquity USD (LUSD).
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