Tether Whitepaper and Overview
Tether (USDT) is the world’s most widely used stablecoin, designed to maintain a 1:1 peg with fiat currencies like the US dollar. Here is your Tether Whitepaper.
Get your Tether Whitepaper here
Key Facts from Tether Whitepaper
Launched in 2014, Tether was created to enable digital transactions using traditional currencies without volatility.
USDT is pegged to the US dollar, meaning each token is backed by reserves including cash, equivalents, and other assets.
Tether operates on multiple blockchains, including Ethereum, Tron, Solana, and more, making it highly versatile.
It’s the most traded cryptocurrency by volume, even surpassing Bitcoin in daily trading activity.
Tether Limited, the company behind USDT, is owned by iFinex, which also operates the Bitfinex exchange.
Market capitalization exceeds $114 billion, with over 350 million users globally as of mid-2024.
Tether offers other stablecoins pegged to EUR (EUR₮), CNH (CNH₮), gold (XAU₮), and MXN (MXN₮).
Used widely for arbitrage and liquidity, USDT is essential for traders and exchanges due to its stability and speed.
Tether publishes daily reserve reports, but has faced criticism over transparency and audit practices.
Originally called Realcoin, it was built on the Bitcoin blockchain before expanding to other networks.
Read Also-
ZK-SNARKs vs ZK-STARKs: Ultimate Comparison Guide
How to do Fundamental Analysis of Cryptocurrencies?
Download Also-
