USDT
Tether USD
active
Fiat Backed
Market Cap $184.1B
Tether's USDT is the largest stablecoin by market capitalization, backed primarily by U.S. Treasury bills and cash equivalents.
Key Data
| Backing | U.S. Treasury bills, cash equivalents, and other assets |
| Auditor | BDO |
| Reserve Reporting | quarterly |
| Redemption | USDT tokens can be redeemed directly through Tether's platform, subject to terms of service. |
| Peg Currency | USD |
| Launched | 2014 |
Supported Networks
EthereumTron
Overview
Tether's USDT is a leading stablecoin in the cryptocurrency market, launched in 2014. It is designed to maintain a stable value by being pegged to the U.S. dollar.
How It Works
USDT operates on multiple blockchain networks, providing liquidity and stability in the crypto ecosystem.
Reserve Backing
USDT is backed by a mix of U.S. Treasury bills, cash equivalents, and other assets, with regular attestations by BDO.
Supported Networks
USDT is issued on various blockchains, including Ethereum and Tron, among others.
Market data via CoinGecko