USDT Specifications

Type

TOKEN

Algorithm

Protocol

POW

Start Date

26/11/2014

Max Supply

Circ. Supply

142,489,546,125

Website

Explorer

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Info

Tether (USDT) is the most widely used stablecoin, designed to maintain a 1:1 peg with the US dollar. Operating on blockchains such as Ethereum, Tron and Binance Smart Chain, USDT serves as a stable medium of exchange and a key tool for traders. It is often used in token swaps to provide stability when trading between volatile cryptocurrencies.

Market Impact

USDT has transformed cryptocurrency trading by offering a stable alternative in a volatile market. It is frequently used to swap digital assets, allowing traders to move in and out of positions without converting to fiat. Its acceptance across exchanges has made it a reliable medium of exchange for cross-border payments and a key component in DeFi protocols. As the most traded stablecoin, USDT continues to drive liquidity and innovation in the crypto ecosystem.

History

USDT was launched in 2014 by Tether Limited with the goal of combining the efficiency of blockchain technology with the stability of fiat currency. Initially issued on the Bitcoin blockchain via the Omni Layer, USDT expanded to other networks, such as Ethereum and Tron, to offer faster transactions. Over time, it has become essential for enabling secure exchanges and facilitating swaps within both centralized and decentralized platforms.

Features

Dollar-Pegged Stability
USDT ensures a stable value by being pegged to the US dollar, making it a trusted asset for trading and hedging against market fluctuations.
Multi-Blockchain Support
With availability on Ethereum, Tron, and Binance Smart Chain, USDT offers flexibility for swaps and transactions across various networks.
Critical DeFi Role
USDT powers liquidity pools, lending platforms, and decentralized exchanges, serving as a stable asset for innovative financial tools and strategies.

Website

Explorer

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*The indicators above, do not represent an investment advice and should not be treated as such. Please make your own research and risk assessment before exchanging your assets.