USDT (Tether) is a stablecoin launched in 2014 by [[Tether Limited]], designed to maintain a 1:1 peg with the US dollar. See also [[Tether (USDT)]]
Key features:
- Created by: Tether Limited ([[iFinex]] Inc.)
- Launched: 2014
- Value: Pegged to USD
- Available on multiple blockchains:
* [[Ethereum]]
* [[Tron]]
* [[Solana]]
* Others
Notable aspects:
- Largest stablecoin by market cap
- Widely used in crypto trading
- Backed by reserves including:
* Cash
* Commercial paper
* Other assets
* Treasury bills
Has faced ongoing scrutiny regarding:
- Reserve transparency
- Regulatory compliance
- Peg stability
- Market influence
Despite controversies, USDT remains the most widely used stablecoin in cryptocurrency markets, particularly for trading and liquidity provision.