About
Tether (USDT) is the world’s first and most widely adopted stablecoin, designed to provide a digital bridge between traditional fiat currencies and the volatile cryptocurrency market. Issued by Tether Limited, USDT is pegged at a 1:1 ratio to the U.S. Dollar. It achieves this stability by maintaining a reserve of assets, including cash, cash equivalents, and short-term government bonds, that supposedly match or exceed the value of the tokens in circulation.
Originally built on top of the Bitcoin blockchain via the Omni Layer protocol, Tether has since expanded to nearly every major blockchain ecosystem, including Ethereum, TRON, Solana, and Algorand. This multi-chain presence makes it a critical source of liquidity for global exchanges and Decentralized Finance (DeFi) protocols. While it has faced scrutiny regarding the transparency of its reserves, USDT remains the primary "safe haven" for traders looking to exit volatile positions without converting back into traditional bank-intermediated fiat, offering the speed of blockchain with the familiar value of the dollar.
