USDT is a stablecoin issued by Tether and designed to maintain a stable value by pegging its worth to the US dollar at a 1:1 ratio. It combines the benefits of cryptocurrency—such as fast transactions and blockchain security—with the stability and reliability of traditional currencies, making it a less volatile digital asset for trading, payments, and other use cases.
USDT operates on a blockchain-enabled platform and uses a multi-layered architecture for stability and transparency. It primarily interacts with blockchains like Bitcoin through the Omni Layer Protocol, which manages the creation and destruction of USDT tokens (Tether). Over time, USDT has expanded to interact with multiple chains, including Ethereum (ERC-20), Tron (TRC-20), Binance Smart Chain (BEP-20), Solana, Polygon, Avalanche, Algorand, EOS, Fantom, and Kusama. If you want to buy USDT, its broad compatibility makes USDT easy to use and widely available across the cryptocurrency ecosystem. As the largest stablecoin by market capitalisation, it plays a critical role in providing liquidity and stability to the crypto market. This setup ensures that every USDT token (Tether) is fully backed by an equivalent amount of fiat currency in reserve, with its backing verified through a Proof of Reserves mechanism.
USDT's use cases include:
USDT was launched in 2014 and initially named Realcoin. It was created by Brock Pierce, Reeve Collins, and Craig Sellars, with tokens first issued on the Bitcoin blockchain. Over time, USDT expanded its token issuance to multiple blockchains and grew significantly in the market. By the end of 2021, USDT became the largest stablecoin with a vast market share. Major developments include the launch of stablecoins pegged 1-to-1 with currencies like the euro and UAE dirham, along with the introduction of Hadron, a tokenisation platform.
Yes, you can easily buy USDT on Coinstash using our desktop or mobile app. Simply log in or complete the signup process, fund your account, and you are ready to buy USDT.