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Tether

USDT

Tether
The largest issuer of stablecoin in the world
tether
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Categories:
Stablecoin Issuers
CeFi
Founded:
2014
Tether is the largest issuer of stablecoin in the world, designed to facilitate the use of fiat currencies in a digital manner. It gives customers the ability to transact with traditional currencies on the blockchain, without the volatility and complexity usually associated with digital currencies. All Tether tokens are pegged 1-to-1 to the corresponding fiat currency and are backed 100% by Tether's reserves.
Tether Team
Jean-Louis van der Velde
Co-Founder and CEO
William E. Quigley
Co-Founder
Paolo Ardoino
CTO
Claudia L.
COO
Giancarlo Devasini
CFO
Philip Gradwell
Head of Economics
Jesse Spiro
Head of Government Affairs
Tether Investment Portfolio
Rounds in the Past Year
6
Historical Rounds
12
Lead Investments
0
Portfolio Numbers
11
ProjectFunding StatusRegionCategoriesEcosystemFoundedToken Issuance
Bitdeer
Singapore
Mining industry
Cloud Computing Power
Jan 01, 2018
No Token
Blockstream
Debt Financing
United States
Mining industry
SideChain
Wallet
Bitcoin Ecosystem
Jan 01, 2014
No Token
Infinite Fleet / Exordium
Gaming
Jan 01, 2020
No Token
Citypay
Georgia
Payments
Jan 01, 2021
No Token
Volcano Energy
Mining industry
Jan 01, 2023
No Token
Northern Data
Germany
Mining industry
Miner
No Token
XREX
Taiwan
CEX
CeFi
Jan 01, 2018
No Token
Oobit
Series A
Israel
Payments
Infra
Jan 01, 2019
With Token
Holepunch
Dev Platform
Infra
Jan 01, 2022
No Token
Kem
Strategic
CeFi
Payments
No Token
Sorted
Pre-Seed
Wallet
Infra
Jan 01, 2021
No Token
Powered by
Tether
USDT
$0
+0.01%
Total dollar volume24H
$75,398,520,187
High24H
1.0013 USDC
Low24H
1 USDC
Market Cap
#3$130,849,501,938
FDV
$130,849,501,938
Turnover rate
57.62%
Circulating supply
130,718,783,155
Total supply
130,718,783,155
Max supply
∞
All time high
1.195 USDC
All time high date
Mar 11, 2023
Down from All time high
-16.23%
Cycle low
0.9891 USDC
Cycle low date
Jun 17, 2024
Up from cycle low
1.20%
Contracts
Ethereum:0xdA...1ec7
Official links
Website
White paper
Socials
Twitter
Reddit
Instagram
Telegram
Linkedin
Facebook
Introduction

USDT, also known as Tether, is the stablecoin with the highest market capitalization, backed by US dollar. The primary purpose of USDT is to provide stability in the volatile crypto market. Unlike other cryptocurrencies like Bitcoin or Ethereum, which have prices that fluctuate wildly, one USDT token is designed to remain exactly equal to one USD. This is achieved by maintaining a reserve of real-world assets, including cash and equivalents, which back each token issued.

Tether was launched in 2014 and played a crucial role in the cryptocurrency ecosystem. It provides a 'safe haven' during market volatility, allows for quick transactions (especially cross-border), and opens the door to a host of financial applications. It's often used as a reference in trading pairs on crypto exchanges due to its stability.

In 2023, with the events of USDC losing peg and Paxos was ordered by the SEC to cease issuing new BUSD,  the market value of the whole stablecoins has declined. However, the market value of USDT continues to rise, maintaining its position as the “Number one stablecoin".

Above are only for introduction, not intended as investment advice.

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