USDT
Tether
$0.0000AUD
Market Cap
212.4B AUD
24hr Trade Vol.
377.7B AUD
Total Supply
136.6B
All
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1Y
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Price Change
24H:
+0.00%
7D:
+0.00%
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≈ 0.00000000 USDT
Information

Buy Tether USDT

Tether (USDT) is a widely-used stablecoin pegged to the US dollar, providing stability in the volatile cryptocurrency market. Operating across multiple blockchains like Ethereum and Tron, USDT facilitates seamless transactions, trading, and liquidity management. Known for its 1:1 backing with USD reserves, Tether is a trusted choice for traders and businesses seeking a reliable digital currency.

What is Tether (USDT)?

Tether (USDT) is a stablecoin pegged to the US dollar, designed to maintain a 1:1 value with the USD. It bridges the gap between fiat currencies and cryptocurrencies, enabling stable transactions within the crypto ecosystem.

How does Tether work?

  • Blockchain Technology: Operates on multiple platforms, including Ethereum, Tron, and Bitcoin's Omni Layer, ensuring secure and transparent transactions.
  • Consensus Mechanism: Relies on the consensus mechanisms of host blockchains like Ethereum's Proof of Stake (PoS).
  • Protocols: Uses Omni Layer for Bitcoin and ERC-20 for Ethereum to manage token issuance and transfers.
  • Smart Contracts: Automates issuance and transfer processes to ensure compliance and transparency.

What are the potential use cases for Tether?

  • Trading and Hedging: Provides stability as a trading pair and a hedge against volatility.
  • Liquidity Management: Facilitates quick and cost-effective conversions between cryptocurrencies.
  • Global Payments: Enables efficient cross-border transactions with minimal fees.

What is the history of Tether?

  • 2014: Launched as Realcoin after raising $30 million in funding.
  • 2015: Rebranded to Tether (USDT) and listed on Bitfinex.
  • 2023: Became the largest stablecoin by market capitalization, surpassing $99 billion.

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