Stablecoin | Sector |
|---|---|
2014 | Published |
$186.74B | Market cap |
3rd | Market cap rank |
About Tether
What is Tether?
Tether (USDT) is a stablecoin pegged 1:1 to the US dollar. Issued by Tether Limited, each token is backed by reserves including US Treasury bills, cash, and other assets. USDT acts as a digital dollar in the crypto market, commonly used for short-term capital parking, trading, and fast cross-border transfers without the volatility of traditional cryptocurrencies.
Founder | Brock Pierce, Reeve Collins, Craig Sellars |
Developer | Tether Limited |
Published | 2014 |
Open source | No |
Sector | Stablecoin |
Key feature | Price stability (USD peg) |
Blockchain | Multi-chain |
Staking | No |
Consensus mechanism | Network-dependent (multi-chain) |
Energy consumption | Low |
Transactions per second | – |
Social media | 556,661 |
Whitepaper | Whitepaper |
Website | tether.to |
Our Tether rating
Review result
Our opinion
Tether has established itself as an indispensable tool in the crypto market. No other stablecoin offers comparable liquidity and global availability. For traders and users in emerging markets, USDT is often the most practical way to hold value in US dollars. That said, the criticism is valid: Tether Limited operates offshore, full audits are still missing, and the freeze function highlights how centralized the system is. For EU users, MiCA adds another factor, as USDT is increasingly restricted on regulated platforms. Despite this, Tether has weathered every major crisis and has processed billions in redemptions without issues. We see USDT as a highly practical trading instrument with clear utility, but not as a long-term store of value. Anyone holding larger amounts should keep issuer risk in mind and consider diversifying into regulated alternatives such as USDC.
Compare Tether
- WorldcoinvsTether
- NEAR ProtocolvsTether
- PolkadotvsTether
- ASI (Fetch.ai)vsTether
- XRPvsTether
- TezosvsTether
- FilecoinvsTether
- Shiba InuvsTether
- PepevsTether
- CardanovsTether
- DogecoinvsTether
- The GraphvsTether
- Axie InfinityvsTether
- The SandboxvsTether
- DecentralandvsTether
- ZcashvsTether
- HyperliquidvsTether
- RendervsTether
- Sonic (Fantom)vsTether
- Bitcoin CashvsTether
- AlgorandvsTether
- CosmosvsTether
- AavevsTether
- KaspavsTether
- OndovsTether
- Polygon (POL)vsTether
- ChainlinkvsTether
- SolanavsTether
- SuivsTether
- AvalanchevsTether
- EthereumvsTether
- BNBvsTether
- BitcoinvsTether
- VeChainvsTether
- HederavsTether
- TronvsTether
- StellarvsTether
- BonkvsTether
- IOTAvsTether
- UniswapvsTether
- LitecoinvsTether
Discover other cryptocurrencies
- Bitcoin
- Ethereum
- XRP
- BNB
- Solana
- Tron
- Dogecoin
- Cardano
- Bitcoin Cash
- Chainlink
- Stellar
- Sui
- Zcash
- Avalanche
- Hyperliquid
- Litecoin
- Hedera
- Shiba Inu
- Polkadot
- Uniswap
- Pepe
- Aave
- NEAR Protocol
- Polygon (POL)
- Worldcoin
- Cosmos
- Ondo
- Kaspa
- Render
- Algorand
- Filecoin
- VeChain
- Bonk
- ASI (Fetch.ai)
- Tezos
- The Graph
- IOTA
- The Sandbox
- Sonic (Fantom)
- Decentraland
- Axie Infinity