What is Tether (USDT)?
Tether (USDT) is the world’s most traded stablecoin and remains one of the top three cryptocurrencies by market capitalization. Launched in October 2014 by Brock Pierce, Reeve Collins, and Craig Sellars, USDT was created to maintain a 1:1 peg with the US dollar, giving traders and investors a reliable way to hold digital value without the extreme price swings often seen in other cryptocurrencies. The token was initially launched on the Bitcoin blockchain via the Omni Layer and has since expanded to a wide range of networks including Ethereum, Tron, BNB Chain, Solana, and more, making it highly interoperable across the digital asset ecosystem.
Tether Ltd., the issuer of USDT, claims that all circulating tokens are backed by reserves comprising cash, cash equivalents, and other assets. The company also publishes regular third-party attestations to enhance transparency and build user trust. This approach has helped USDT retain its dominance among both centralized exchanges and DeFi applications.
USDT is widely used by traders and crypto users for its stability, speed, and accessibility. It provides a stable store of value, especially useful during volatile market periods. Its availability across multiple blockchains allows for near-instant transfers and settlement, which makes it a preferred choice for remittances, cross-border payments, and as collateral in lending protocols. In addition, its deep liquidity makes it one of the most commonly used trading pairs across global crypto exchanges.
USDT is listed on Binance for trade and purchase. The USDT price is updated and available in real time on Binance.
