Full Name: Tether USD
Issue Date: 2014-11-26
Max Supply: Unknown
Circulating Supply: 2.507 billion USDT (2018-06-05)
Market Cap: $2.516 billion (2018-06-05)
Tether is a token backed by actual fiat currency assets. One Tether equals one U.S. Dollar, and is backed 100% by actual assets in the Tether platform’s reserve account. Being anchored or “tethered” to real world currency, Tether provides protection from the volatility of cryptocurrencies.
Tether enables businesses – including exchanges, wallets, payment processors, financial services and ATMs – to easily use fiat-backed tokens on blockchains. By leveraging Blockchain technology, Tether allows you to store, send and receive digital tokens person-to-person, globally, instantly, and securely for a fraction of the cost of alternatives. Tether’s platform is built to be fully transparent at all times.