What Is Tether (USDT)?
Launched in 2014, Tether tokens (USD₮) pioneered the stablecoin model and are the most widely traded. Tether tokens offer the stability and simplicity of fiat currencies coupled with the innovative nature of blockchain technology, representing a perfect combination of both worlds. 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).
From exchanges and digital wallet apps to decentralized finance (DeFi) protocols and payment services, USDT tokens offer a smart alternative to fiat gateways. 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.
Tether Storage Key Points
|Circulating Supply||78.03B USDT|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
USDT maintains world-class standardized compliance measures for anti-money laundering (AML), countering the financing of terrorism (CFT), sanctions, and know your customer (KYC) laws and regulations. USDT tokens offer exceptional liquidity on tier one exchanges giving traders the ability to take advantage of arbitrage opportunities in the fastest time possible.
USDT has made headway by giving customers the ability to transact with traditional currencies across the blockchain, without the inherent volatility and complexity typically associated with a digital currency.
The most actively traded
This is due to Tether tokens often being the most favourable trading pair against many digital tokens. This large depth of liquidity offers funds, quants, and market makers the utility of being able to seamlessly perform trades across various exchanges and tokens.
Integrating Tether tokens into an exchange not only offers attractive functionality for traders, but also opens up the ability for large-scale liquidity to enter the exchange efficiently. USDT tokens exist as digital tokens built on various blockchains such as Bitcoin (Omni and Liquid Protocol), Ethereum, EOS, Tron, Algorand, Avalanche, Solana, OMG, and Bitcoin Cash (SLP) network.
Tether Launches New Website
They are pleased to announce the launch of Tether’s new website across both mobile and desktop devices. With a refreshed look and modern design, will improve accessibility and streamlined site navigation will allow users to easily locate important information and key resources.
Optimized for mobile, the new website will also make it easier than ever to learn about your Tether token (USDt, EURt XAUt & CNHt). The new website charts the unparalleled and exponential growth of the world’s first and biggest stablecoin, providing detailed information about its benefits for individuals, merchants, and exchanges.
Bitfinex and Tether Respond to CoinDesk’s Improper Litigation Campaign to Expose Proprietary Business Information
Today, Bitfinex and USDT submitted their response to CoinDesk in the legal proceedings concerning whether certain of the companies’ investment data, compliance procedures and other proprietary information is exempt from public disclosure under New York’s Freedom of Information Law (FOIL). CoinDesk’s reckless campaign to expose the companies’ proprietary business would needlessly risk harm to the companies’ competitive position and compliance controls.
It would also upset the balance that the companies carefully negotiated in settling their disputes with the Office of the New York Attorney General (NYAG). The settlement specified what information should be disclosed publicly (such as a breakdown of USDT reserves by category) and what should be disclosed privately to NYAG (such as particular investment details). The private aspects are those that no business would publish for the competition to exploit.