USDT IS The Gateway to all CRYPTO
![](http://img1.wsimg.com/isteam/ip/05eba565-9373-4a1b-a778-681da984436d/Tether.jpg/:/cr=t:0%25,l:22.22%25,w:55.56%25,h:100%25/rs=w:600,h:600,cg:true)
![](http://img1.wsimg.com/isteam/ip/05eba565-9373-4a1b-a778-681da984436d/Tether.jpg/:/cr=t:0%25,l:22.22%25,w:55.56%25,h:100%25/rs=w:280,h:280,cg:true)
USDT IS The Gateway to all CRYPTO
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Tether is a cryptocurrency stablecoin, launched by the company Tether Limited Inc. in 2014. As of January 2024, Tether's website lists fourteen protocols and blockchains on which Tether has been minted. Tether has been criticized for a lack of transparency and verifiability of its claimed fiat reserves.
USDT is the symbol for Tether, a cryptocurrency that is pegged to the U.S. dollar. This means USDT is a stablecoin, fluctuating in value with the U.S. dollar and backed by Tether's dollar reserves.
What is Tether (often referred to by its currency codes, USD₮ and USDT, among others) is a cryptocurrency stablecoin, launched by the company Tether Limited Inc. in 2014. As of January 2024, Tether's website lists fourteen protocols and blockchains on which Tether has been minted.[1]
Tether has been criticized for a lack of transparency and verifiability of its claimed fiat reserves. In 2021, the company was fined by regulators for only maintaining full reserves during 27.6% of the days in the period from 2016 to 2018 as well as for failing to present audits showing sufficient asset reserves.
It is the largest cryptocurrency in terms of trading volume, commanding 64% of the market share among stablecoins and having surpassed Bitcoin in 2019 to become the most traded cryptocurrency in the world. As of March 2024, Tether had over $100 billion in circulation, leading to concerns about it being a systemic risk for cryptocurrency markets and threatening the stability of wider financial markets.
Tether Limited is owned by the British Virgin Islands-based company iFinex Inc., which also owns the Bitfinex cryptocurrency exchange.[14
USDT is issued by Tether, a company owned by iFinex, the Hong Kong-registered company that also owns the crypto exchange BitFinex.
As of March 2024, USDT was the third-largest cryptocurrency after Bitcoin (BTC) and Ethereum (ETH) and the largest stablecoin, with a market capitalization of nearly $99 billion.1 In 2023 and early 2024, Tether's USDT accounted for most of the exchanges out of other cryptocurrencies by volume.2
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