Tether USD
Tether USDUSDT1.00$ +0.0247%

Cryptocurrency backed by U.S. dollars

5 Rank
68.41B$ Market cap
232.81M$ 24H Volume

USDT price live chart

1.00$0.0247%
Tether USD Price statistic
Tether USD price today
Tether USD price
1.00 $
Price change (24h)
0.0247% 0.000247 $
Trading volume (24h)
232.81M $
Market Dominance
6.50%
Market rank
#5
Tether USD price history
All Time High
Feb 12 2016 (6 years ago)
20.70% 1.26 $
Tether USD Market Cap
Market Cap
68.41B $
Tether USD Supply
Circulating Supply
68.43B USDT

Download Tether USD wallet app

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Store & Transfer USDT safely

Cropty is a convenient mobile app to store, transfer and receive Tether USD safely. Cropty supports multiple networks and cryptocurrencies. Investing in USDT becomes easy with Cropty wallet.

Monitor your USDT balance in USD

You can track your Tether USD value in 10 fiat currencies: USD ($), RUB (₽), EUR (€), INR (₨), THB (฿), KRW (₩), UAH (₴), GEL (₾), TRY (₺), GBP (£), BRL (R$).

Receive USDT in TRX, ETH, BNB, MATIC networks

Cropty cryptocurrency wallet supports Bitcoin, Ethereum, BNB Chain, Polygon and Tron networks. To receive Tether USD in Tron (TRC-20), Ethereum (ERC-20), Binance smart chain (BEP-20), Polygon PoS chain (ERC-20) networks, just download the app, sign up and share your public address or QR-code with the sender.

Send Tether USD by mobile phone number with 0% fee

No more confusion with crypto public addresses: in the Cropty cryptocurrency wallet you can send Tether USD just by mobile phone number, QR-code and even a nickname! Make instant zero-fee Tether USD transfers in your usual ways.

USDT wallet mobile app for iOS and Android

Get access to Tether USD right in your mobile phone or any browser. Cryptocurrency investments wallet is already available for Android and iOS. Download Cropty to invest in Tether USD online.

Tether USD basics

Name

Tether

Category

Payments

What is Tether USD?

Tether is fiat-collateralized stablecoin that offers individuals the advantages of transacting with blockchain-based assets while mitigating price risk. Tether is primarily issued on the Ethereum and Bitcoin blockchains and corresponds on a 1:1 basis with US Dollars sitting in bank accounts.

Tether USD token type

Token name

USDT

Token type

ERC-20, Omni, TRC-20

Token uses

Payments

What is Tether USD used for in 2022?

USDT can be transacted over Ethereum, Bitcoin's Omni layer, EOS, and Tron in the same manner as ether, bitcoin, eos, and tron, respectively. If a user wishes to redeem USDT they can send tokens to an address controlled by Tether Ltd. who will destroy the tokens and transfer fiat currency to the user's bank account. Tether’s existence on public blockchains allows traders and exchanges to use USDT as an alternative to fiat currencies, reducing or eliminating the need for banking relationships and outsourcing custody of fiat currencies to Tether Ltd.

Tether USD technology explained

Tether relies on a proof-of-reserves system to ensure that reserve assets match circulating tokens. This requires a third-party to audit Tether’s bank accounts on a regular basis to show that U.S. dollar reserves are held in an amount equal to outstanding tokens. Tether uses an IOU issuance model where each USDT represents a claim for $1.00 held in the Tether's reserves which users can redeem at any time.

On Bitcoin, USDT tokens are issued via the Omni Layer protocol, which is a protocol built as a layer over Bitcoin that allows for the issuance of tokens representing any kind of asset.

On Ethereum, USDT tokens are issued using the ERC-20 protocol standard for creating tokens on Ethereum. ERC-20 tokens include a common set of rules that define how a token can be transferred, approved, and requested.

Tether USD core contributors
Individuals
Companies
User photo
Giancarlo Devasini
CFO
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Jean-Louis van der Velde
CEO
User photo
Paolo Ardoino
CTO
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Stuart Hoegner
General Counsel
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User photo
iFinex Inc.
iFinex Inc. owns and operates Bitfinex and Tether
User photo
Tether Limited
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Tether USD supply limit

General Emission Type

Burn & Mint

Precise Emission Type

Other Burn & Mint models

Tether USD supply curve details

Hong Kong based Tether Ltd. is the sole entity capable of altering the circulating supply of USDT tokens. Users create new tokens by depositing fiat currency into bank accounts operated by Tether Limited, which leads to a creation of new USDT tokens on a 1:1 reserve basis. USDT can be transacted over the Omni layer in the same manner as bitcoins. If a user wishes to redeem USDT they can send tokens to an address controlled by Tether Ltd. who will destroy the tokens and transfer fiat currency to the user's bank account.

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Who funds Tether USD core development?
User photo
Astronaut Capital
Astronaut Capital is a licensed asset manager (CIMA: 1491696) focused on providing an outperforming investment vehicle to retail, sophisticated and institutional investors. ASTRO is a close-ended Erc-20 token which has been created to service the needs of the crypto community. The token focuses on exposure to a diversified portfolio including ICO's, cryptocurrencies and altcoins.
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USD to USDT converter
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Tether USD consensus

General consensus mechanism

Other

Tether USD governance

What is Tether USD governance?

Tether Limited is the sole entity capable of altering the circulating supply of USDT tokens. Tether issues tokens when users deposit fiat currency into bank accounts operated by Tether Limited while Tether destroys tokens when users redeem tokens for fiat currency deposits in Tether bank accounts. In order to prove that reserves exist and the system is solvent, Tether relies on a proof-of-reserves system whereby the system is fully collateralized when the number of USDT in circulation matches the value of the funds held in accounts operated by Tether Limited. Tether Limited has pledged to upload audits of its bank balances on its website to ensure transparency and prove solvency.

Tether Transparency Report

Tether Limited and cryptocurrency exchange, Bitfinex, share common ownership through parent company iFinex.

Who regulate Tether USD in 2022?

Tether, along with parent company iFinex and related company Bitfinex, is the subject of an ongoing NYAG Investigation in connection with ongoing activities that may have defrauded New York investors that trade in virtual or “crypto” currency.

In April 2019, the New York Attorney General’s office alleged that Bitfinex, who shares the same parent company, iFiniex, with Tether, used reserves from Tether to cover up $850 million in losses that were tied up in a controversial third party payments processor named Crypto Capital. Days after the NYAG's action, Stuart Hoegner, general counsel for Bitfinex and Tether, filed an affidavit confirming that Tether was backed by only 74% cash and equivalents with the rest being equity in iFinex.

In May 2019, Bitfinex and Tether CTO, Paulo Ardoino announced Bitfinex had successfully raised $1 billion in a token sale, with proceeds used to cover the $850 million in (potentially) lost funds from Crypto Capital.

FAQ
1.What is the best app to store Tether USD?

Store Tether USD with Cropty cryptocurrency wallet by 3 simple steps:

  1. Download the app from the Apple AppStore or Google Play, or open your browser wallet.
  2. Create your Cropty wallet account with Face ID or Touch ID security options.
  3. Transfer USDT from external wallet.
2. How can I receive Tether USD?

Receive Tether USD to your Cropty wallet by QR-code, phone number, e-mail and nickname:

  1. Download the app from the Apple AppStore or Google Play, or open your browser wallet.
  2. Create your Cropty wallet account, set up a nickname.
  3. Click ‘Receive’ and follow the instructions.
3. How can I store Tether USD safely?

You can transfer your Tether USD holdings and store it safely with Cropty wallet. Cropty secures safety of your holdings through various verification options like using password, authenticator app, Face ID, Touch ID and backup codes. You can be sure no one can get access to you Tether USD holding except you.

4. How to start investing in Tether USD easily and securely?

Start investing in Tether USD with Cropty cryptocurrency wallet by 3 simple steps:

  1. Download the app from the Apple AppStore or Google Play, or open your browser wallet.
  2. Create your Cropty wallet account, set your authentication settings.
  3. Transfer USDT from external wallet.
5. Why should I choose Cropty to store and transfer Bitcoin?

The Cropty wallet provides the most convenient application for storing and transfering Tether USD. Cropty targets to become one the best crypto wallets for Android and iOS in 2022. Cropty provides convenient application and secure custodial services, built for crypto beginners, as well as for crypto-savvies.

6. How can I receive Tether USD as payment?

You can receive Tether USD as payment in Cropty wallet. It is a convenient mobile app to receive, store and transfer Tether USD USDT safely and instantly. Open Cropty app, click ‘Receive’, follow simple instructions and get your Tether USD holdings immediately.

7. How can I receive Tether USD donations?

You can receive Tether USD donations instantly with Cropty wallet. Download Android or iOS app or open the web version, sign up, click ‘Receive’ and follow simple instructions. Share your address with someone who wants to donate you in crypto.

8. Can I send Tether USD without verification?

You can receive Tether USD donations instantly with Cropty wallet. Download Android or iOS app or open the web version, sign up, click ‘Receive’ and follow simple instructions. Share your address with someone who wants to donate you in crypto.

9. How can I send Tether USD without fee?

You can send Tether USD instantly without fee in the Cropty wallet. Download Android or iOS app or open the web version, sign up, click ‘Send’, choose ‘Send via e-mail, phone number or nickname’ and follow simple instructions.

10. How to make money with Tether USD?
  1. Sign up to Tether USD wallet.
  2. Top up your balance with Tether USD.
  3. Store, trade or deposit your Tether USD.
  4. Get Tether USD deposit interest directly to your Cropty wallet.
USD to USDT converter
USD
$
USDT
coin
Tether USD Price statistic
Tether USD price today
Tether USD price
1.00 $
Price change (24h)
0.0247% 0.000247 $
Trading volume (24h)
232.81M $
Market Dominance
6.50%
Market rank
#5
Tether USD price history
All Time High
Feb 12 2016 (6 years ago)
20.70% 1.26 $
Tether USD Market Cap
Market Cap
68.41B $
Tether USD Supply
Circulating Supply
68.43B USDT
Cropty App
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