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:
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.