Tether (USDT) Rank 8
$0.98768
Tether (USDT) Rank 8
Website Twitter
1,756,421,736 USDT

Tether (USDT)
Tether (USDT)
USDT

Tether (USDT) Price
$0.99

Tether (USDT) 24h Vol
$2,914,196,052

Tether (USDT) Market Cap
$1,734,782,399

Tether (USDT) Circulating
1,756,421,736

Full Name
Tether (USDT)
Symbol
USDT
Algorithm
BTC Price
0.000175883800 BTC
BTC Market
308,926 BTC
BTC 24h Vol
518,953 BTC
Total Coins Mined
1,756,421,736 USDT
1h
0.15 %
24h
-0.02 %
7d
-0.75 %

Charts

Description

Description


USDT is a cryptocurrency asset issued on the Bitcoin blockchain via the Omni Layer Protocol. Each USDT unit is backed by a U.S Dollar held in the reserves of the Tether Limited and can be redeemed through the Tether Platform. USDT can be transferred, stored, spent, just like bitcoins or any other cryptocurrency.

USDT and other Tether currencies were created to facilitate the transfer of national currencies, to provide users with a stable alternative to Bitcoin and to provide an alternative for exchange and wallet audits which are currently unreliable. USDT provides an alternative to Proof of Solvency methods by introducing a Proof of Reserves Process.

In the Tether Proof of Reserves system, the amount of USDT in circulations can be easily checked on the Bitcoin blockchain via the tools provided at Omnichest.info, while the corresponding total amount of USD held reserves is proved by publishing the bank balance and undergoing periodic audits by professionals.