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Tether (USDT)


Price Quotes, Volume & Historical Data

What is Tether (USDT)?

USDT is a cryptocurrency asset issued on the Bitcoin blockchain via the Omni Layer Protocol. Each USDT unit is backed by traditional currency and cash equivalents held in the reserves of the Tether Limited and can be redeemed for 1 USD 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 according to its whitepaper.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 (not publicly auditable yet).Telegram | LinkedIn | Facebook Whitepaper

Where To Buy Tether?

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What is the price of USDT?

The current price of Tether (USDT) is $0.00

Other Cryptos like USDT

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More Details

Official Website https://tether.to/
Whitepaper https://www.cryptocompare.com/media/38553792/tetherwhitepaper.pdf
Launch Date October 06, 2014
Total Coins Mined 65,990,930,060.7480
Smart Contract Address 0xdac17f958d2ee523a2206206994597c13d831ec7
Built On ETH,BTC,EOS,TRX,ALGO,SLP,OMG
Decimal Points 6
Max Supply Unlimited
Algorithm N/A
Proof Type N/A
Circulating Supply 65990930060.748