Tether (USDT)

Tether(USDT) on bitexbit

Information

Symbol

USDT

Official Name

Tether

Network

ERC20/TRC20/Omni Token

Description

USDT is a stablecoin (stable-value cryptocurrency) that mirrors the price of the U.S. dollar, issued by a Hong Kong-based company Tether. The token’s peg to the USD is achieved via maintaining a sum of dollars in reserves that is equal to the number of USDT in circulation. Originally launched in July 2014 as Realcoin, a second-layer cryptocurrency token built on top of Bitcoin’s blockchain through the use of the Omni platform, it was later renamed to USTether, and then, finally, to USDT. In addition to Bitcoin’s, USDT was later updated to work on the Ethereum, EOS, Tron, Algorand, and OMG blockchains. The stated purpose of USDT is to combine the unrestricted nature of cryptocurrencies — which can be sent between users without a trusted third-party intermediary — with the stable value of the US dollar.

Wallet Info

Status

Good

Deposit

Disabled

Withdraw

Disabled

Listing Info

Date of listing

10/1/2021, 12:00:00

Status

Active

Pairs

Not available

Links

Ethereum explorer

https://etherscan.io/