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usdt

Tether

Coin Name :

usdt
Tether

Symbol :

USD₮ and USDT

Status :

Year Released :

October 2014

Origin :

iFinex

Max. Supply :

Infinite supply

Tether, the leading stablecoin pegged to the US dollar, has a rich history. Launched in 2014 as Realcoin, it aimed to bring stability to cryptocurrency transactions. Initially operating on the Bitcoin blockchain, it gained traction for transfers between exchanges and as a safe haven during market dips. However, a 2015 acquisition by owners linked to the Bitfinex exchange and questions about the reserves backing each Tether token have cast a shadow. Despite these controversies, Tether remains a major player, though calls for transparency regarding its reserves persist.