Tether - Fiat currencies on the Bitcoin blockchain

A digital token backed by fiat currency provides individuals and organizations with a robust and decentralized method of exchanging value while using a familiar accounting unit. The innovation of blockchains is an auditable and cryptographically secured global ledger. Asset­backed token issuers and other market participants can take advantage of blockchain technology, along with embedded consensus systems, to transact in familiar, less volatile currencies and assets. In order to maintain accountability and to ensure stability in exchange price, we propose a method to maintain a one­to­one reserve ratio between a cryptocurrency token, called tethers, and its associated real­world asset, fiat currency. This method uses the Bitcoin blockchain, Proof of Reserves, and other audit methods to prove that issued tokens are fully backed and reserved at all times.

STO/ICO Status

Status
Successful
Symbol
USDT
Token Supply
...
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Basics

PlatformN/A
TypeN/A
AcceptingOthers
Circulating SupplyN/A
KYCN/A
Restricted AreasN/A
HomepageWebsite URL
White PaperView/Download

About

Stable Currency

Tether converts cash into digital currency, to anchor or tether the value to the price of national currencies like the US dollar, the Euro, and the Yen.

100% Backed

Every tether is always backed 1-to-1, by traditional currency held in our reserves. So 1 USD₮ is always equivalent to 1 USD.

Transparent

Our reserve holdings are published daily and subject to frequent professional audits. All tethers in circulation always match our reserves.

Blockchain Technology

The Tether platform is built on top of open blockchain technologies, leveraging the security and transparency that they provide.

Widespread Integration

Tether is the most widely integrated digital-to- fiat currency today. Buy, sell, and use tethers at Bitfinex, Shapeshift, GoCoin, and other exchanges.

Secure

Tether’s blockchain-enabled technology delivers world-class security while meeting international compliance standards and regulations.