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Tether USDt Stock

Tether USDt

USDT

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Tether USDt Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
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Tether USDt FAQ

What is the Tether USD₮ token?

USD₮ is a digital currency, utilizing blockchain technology, known as a stablecoin that maintains a 1:1 peg to the US Dollar. USD₮ offers both individuals and organizations a secure and decentralized approach to value exchange, all while employing a recognized accounting unit. For further information, visit Eulerpool.

How do Tether tokens operate?

Tether tokens are digital assets developed on several prominent blockchains, including Algorand, Avalanche, the Simple Ledger Protocol (SLP) on Bitcoin Cash, Ethereum, EOS, Liquid Network, Omni, Polygon, Tezos, Tron, Solana, Kava, and Statemine. These transport protocols use open-source software that interfaces with blockchains to facilitate both the issuance and redemption of Tether tokens. Each Tether token is fully backed by Tether's reserves. As part of its commitment to transparency, Tether publishes records of its current reserve assets.

### Founders of Tether The founders of Tether are a key element in understanding the origins of this widely used stablecoin. Originally created in the cryptocurrency industry to provide liquidity and stability, Tether's inception has played a crucial role in the broader digital asset ecosystem. For further insights into the founders and historical development of Tether, as well as market performance and analysis, explore the resources available at Eulerpool.

USDT, originally known as Realcoin, was introduced in 2014 by Brock Pierce, Reeve Collins, and Craig Sellars. Brock Pierce is a prominent entrepreneur recognized for co-founding numerous significant projects within the cryptocurrency and entertainment sectors. In 2013, he co-founded Blockchain Capital, a venture capital firm that, by 2017, had secured over $80 million in funding. In 2014, Pierce was appointed as the director of the Bitcoin Foundation, a nonprofit organization aimed at improving and promoting Bitcoin. He also co-founded Block.one, the company responsible for EOS, one of the largest cryptocurrencies available. Reeve Collins served as the CEO of Tether during its initial two years. Before this role, he co-founded several successful ventures, including the online ad network Traffic Marketplace, entertainment studio RedLever, and the gambling website Pala Interactive. As of 2020, Collins leads SmarMedia Technologies, a company specializing in marketing and advertising technology. In addition to his work on Tether, Craig Sellars has been associated with the Omni Foundation for over six years. The Omni Protocol enables users to create and trade smart contract-based properties and currencies atop Bitcoin’s blockchain. Sellars has also contributed to several other cryptocurrency companies and organizations, including Bitfinex, Factom, Synereo, and the MaidSafe Foundation.

What Distinguishes Tether?

USDT is distinguished by Tether's assurance that its value will remain pegged to the U.S. dollar. According to Tether, every issuance of new USDT tokens is matched by an equivalent allocation in USD to its reserves, thereby ensuring that USDT is thoroughly backed by cash and cash equivalents. The notoriously high volatility of the cryptocurrency markets means that digital currencies can fluctuate by 10-20% within a single day, rendering them unreliable as a store of value. In contrast, USDT is protected from these market swings. This characteristic makes USDT a secure refuge for cryptocurrency investors; during times of significant volatility, they can temporarily hold their portfolios in Tether without fully converting to USD. Furthermore, USDT offers a straightforward method for transferring a U.S. dollar equivalent between different regions, countries, and even continents using blockchain technology, eliminating the need for a slow and costly intermediary, such as a bank or a financial services provider. Nonetheless, throughout the years, several controversies have arisen regarding the authenticity of Tether’s statements about their USD reserves, occasionally impacting USDT’s pricing. At one point, its value fell to $0.88. Concerns have been frequently voiced about the absence of a comprehensive independent third-party audit of Tether’s reserves.

Is Tether Venturing into the Social Media Sector?

In July 2022, Tether, in collaboration with Hypercore, a peer-to-peer data network, and its sister company Bitfinex, worked on a social media application called Keet. Currently, the Keet application is a fully encrypted video chat platform available only on desktop; however, there are plans to expand its availability to mobile devices in the near future. The Keet app represents the first application to be deployed on Holepunch, a platform designed for developers to create Web3 applications. Although Keet remains a closed-source project at present, the companies intend to transition it to an open-source model by the end of the year. Commenting on Tether's initiative to launch a chat application, Ardoino, who also serves as the chief strategy officer at Holepunch, succinctly remarked, “freedom of speech.” For further details and updates, please visit Eulerpool.

What is the Circulating Supply of Tether (USDT)?

There is no predetermined cap on the total supply of USDT, as it is managed by a private company. Theoretically, its issuance is constrained only by Tether's internal policies. However, Tether asserts that each USDT should be backed by one U.S. dollar, effectively limiting the number of tokens by the company's available cash reserves. Additionally, Tether does not publish its issuance schedules in advance. Instead, they offer daily transparency reports that outline the total amount of their asset reserves and liabilities, the latter of which corresponds to the amount of USDT in circulation. As of September 2020, there are more than 14.4 billion USDT tokens in circulation, backed by $14.6 billion in assets, according to Tether's reports available on Eulerpool.

Where Can You Purchase Tether (USDT)?

Tether (USDt) can be purchased on a wide range of cryptocurrency exchanges. Notably, the average daily trading volume of USDt is frequently comparable to or even surpasses that of Bitcoin. It is particularly prevalent on exchanges where fiat-to-crypto trading pairs are not accessible, serving as an effective alternative to the US dollar. Below are some of the leading exchanges that facilitate Tether trading: * Binance * OKEx * HitBTC * Huobi Global

Tether Expands into the Latin American Market

In May 2022, Tether announced the introduction of MXNT, a new stablecoin backed by the Mexican peso. This initiative marked Tether's expansion into the Latin American market, following the earlier releases of its stablecoins USDT, EURT, and CNHT, which are pegged to the U.S. dollar, euro, and Chinese yuan, respectively. Upon its launch, MXNT will be available on three major blockchains: Ethereum, Polygon, and Tron. According to the firm's CTO, Paolo Ardoino, the decision to expand into Latin America was driven by a rise in cryptocurrency usage in the region. Notably, a report from the cryptocurrency payments company Triple A revealed that 40% of Mexican companies were interested in adopting cryptocurrencies in one form or another, with 71% of this segment specifically focused on cryptocurrency usage. Tether identified Mexico as a “prime location” for establishing the next Latin American crypto hub. The strategy is to onboard as many new users as possible within the Latin American market and use the launch of MXNT as a testing ground for future fiat-pegged currencies in the region.

Investors interested in Tether USDt are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.