Overview: Tether (USDT) is a cryptocurrency token that is backed by actual fiat currency, such as U.S. dollars, Euros, and soon Japanese Yen. The idea behind Tether is to create a cryptocurrency that is backed by actual fiat currency, which could help protect against volatility in the crypto market. One Tether is equal to one underlying unit of fiat currency. This allows the cryptocurrency to be anchored or “tethered” to real world fiat currency. The Tether network allows users to store, send, and receive digital token assets on a peer-to-peer basis across the global, and at a fraction of the cost of some alternatives.
Circulating Supply: 2.22 Billion USDT
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