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
Author
Software license
Unknown license
Active users
- Daily 70,108
- Weekly 319,654
- Monthly 1,098,572
Transactions
- 1 day 190,040
- 7 days 1,258,115
- 30 days 5,847,487
Volume (ETH)
- 1 day 0.047
- 7 days 1.095
- 30 days 3.65
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