• Tether

  • Digital money for a digital age

In our solution, fiat­pegged cryptocurrencies are called “tethers”. All tethers will initially be issued on the
Bitcoin blockchain via the Omni Layer protocol and so they exist as a cryptocurrency token. Each tether unit
issued into circulation is backed in a one­to­one ratio (i.e. one Tether USDT is one US dollar) by the
corresponding fiat currency unit held in deposit by Hong Kong based Tether Limited. Tethers may be
redeemable/exchangeable for the underlying fiat currency pursuant to Tether Limited’s terms of service or, if
the holder prefers, the equivalent spot value in Bitcoin. Once a tether has been issued, it can be transferred,
stored, spent, etc just like bitcoins or any other cryptocurrency. The fiat currency on reserve has gained the
properties of a cryptocurrency and its price is permanently tethered to the price of the fiat currency

Status: Live

Author

Tether Operations Limited

Software license

Unknown license

Last updated: Nov 26th, 2020
Submitted: Nov 26th, 2020

Active users ?

  • Daily 33,221
  • Weekly 220,371
  • Monthly 750,961

Transactions

  • 1 day 76,509
  • 7 days 646,631
  • 30 days 2,917,149

Volume (ETH)

  • 1 day 0
  • 7 days 1.288
  • 30 days 3.851
  • Mainnet contract (Ethereum)

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