Tether (USDT) is a cryptocurrency stablecoin launched by Tether Limited Inc. in 2014. It is pegged to the United States dollar and operates across multiple blockchain networks including Ethereum, Tron, and Solana.
Tether (USDT) is the world's most traded stablecoin, designed to maintain a stable 1:1 value with the US Dollar. With a circulating supply exceeding $184 billion as of 2026, USDT dominates roughly 70% of the stablecoin market and has become critical infrastructure for cryptocurrency trading globally.
Each USDT token is backed 100% by Tether's reserves, which include US Treasury Bills, cash equivalents, and other high-quality assets. When a user deposits USD into Tether's accounts, an equivalent amount of USDT is minted on the blockchain. When users redeem USDT for fiat, the tokens are burned and removed from circulation.
USDT serves as a bridge between traditional fiat currencies and digital assets, enabling traders to move quickly between positions without converting to fiat. Its stable value makes it an essential tool for both retail and institutional participants in the crypto ecosystem.
Tether (USDT) is a stablecoin pegged 1:1 to the US Dollar, backed by reserves held by Tether Limited. It is the world's largest stablecoin by market capitalization.
Tether was launched in 2014 by Tether Limited Inc. and has since grown to become the most widely used stablecoin in the cryptocurrency market.
USDT is available on Ethereum (ERC-20), Tron (TRC-20), Solana, Avalanche, Polygon, and several other blockchain networks.
