What is USDT? Stablecoin Explained

What is USDT? Understanding the Tether Stablecoin

USDT (Tether) is the world's largest stablecoin by market capitalization, with over 184 billion tokens in circulation. Launched in 2014, USDT maintains a 1:1 peg with the US dollar by holding equivalent reserves. Unlike volatile cryptocurrencies, USDT's price stability makes it ideal for trading, remittances, and savings.

How USDT Maintains Its Peg

Tether maintains its dollar peg through a reserve system. For every USDT issued, Tether Limited holds an equivalent amount in US Treasury bills, cash, commercial paper, and other assets. The company publishes regular attestation reports. USDT is deployed on 14+ blockchains including Ethereum, Tron, BNB Chain, Solana, and Polygon.

Backed 1:1 by USD Reserves
Published Reserve Attestations
14+ Blockchain Networks

Market Cap: 184B+ USDT
10+ Years in Operation
Ranked Top 3 by Market Cap

USDT is a stablecoin designed to maintain a constant value of 1 USD. Unlike Bitcoin or Ethereum, it doesn't fluctuate significantly, making it useful as a stable medium of exchange.

USDT runs on Ethereum (ERC-20), Tron (TRC-20), BNB Chain (BEP-20), Solana, Polygon, Avalanche, and more. TRC-20 USDT on Tron is most popular due to near-zero transfer fees.

USDT is issued by Tether Limited, incorporated in the British Virgin Islands. Tether publishes quarterly reserve reports attested by independent accounting firms.