Launched in 2014 by Brock Pierce (Bitcoin Foundation, Blockchain Capital, Block.1), Reeve Collins, and Craig Sellars, USDT (originally called Realcoin) is a stable-value cryptocurrency (stablecoin) that is pegged to the price of the U.S. dollar. USDT is issued by the Hong-Kong-based company Tether, which maintains, in reserves, a dollar sum equal to the number of USDT in circulation, with the goal to combine the unrestricted nature of cryptocurrencies with the stable value of the US dollar. Although the number of tokens is limited by Tether’s cash reserves, there is no hard-coded limit on the total supply. As of September 2020, there were over 14.4 billion USDT tokens in circulation, backed by $14.6 billion in assets, according to Tether. Because USDT does not have its own blockchain and operates instead as a second-layer token on top of other cryptocurrencies’ blockchains (Bitcoin, Ethereum, EOS, Tron, Algorand, Bitcoin Cash and OMG), it is secured by their respective hashing algorithms. The average block time is 10 minutes. For a full selection of markets where you can trade Tether for other cryptocurrencies, US dollars, and other fiat currencies, see below.  


Tether

Bitcoin (BTC)

Tether (USDT)

Ethereum (ETH)

BUSD (BUSD)

SHIBA INU (SHIB)

Dogecoin (DOGE)

Matic Network (MATIC)

Binance Coin (BNB)

XRP (XRP)

Fantom (FTM)

Solana (SOL)

US Dollar (USD)

Ethereum Classic (ETC)

Gala (GALA)

Fetch.AI (FET)

Avalanche (AVAX)

Turkish Lira (TRY)


Binance	Bitcoin (BTC)	Tether (USDT)	23,384.66 USDT	0.24%	$3,790,879,387	46.99%

Binance	Ethereum (ETH)	Tether (USDT)	1,668.11 USDT	0.60%	$530,037,348	26.06%

Binance	BUSD (BUSD)	Tether (USDT)	1.00 USDT	0.00%	$507,597,696	22.27%

Binance	SHIBA INU (SHIB)	Tether (USDT)	0.0000153 USDT	9.83%	$268,257,212	9.42%

Binance	Dogecoin (DOGE)	Tether (USDT)	0.10 USDT	2.53%	$216,058,632	66.39%

Binance	Matic Network (MATIC)	Tether (USDT)	1.24 USDT	1.30%	$93,357,904	28.86%

HitBTC	Ethereum (ETH)	Tether (USDT)	1,667.94 USDT	0.58%	$77,961,987	33.34%

Binance	Binance Coin (BNB)	Tether (USDT)	332.30 USDT	1.16%	$73,371,958	57.41%

Kucoin	Bitcoin (BTC)	Tether (USDT)	23,387.20 USDT	0.25%	$68,003,580	36.66%

Binance	XRP (XRP)	Tether (USDT)	0.41 USDT	0.20%	$64,744,166	35.51%

Binance	Fantom (FTM)	Tether (USDT)	0.61 USDT	3.25%	$60,530,769	52.44%

Binance	Solana (SOL)	Tether (USDT)	24.39 USDT	0.45%	$54,373,080	46.52%

Kraken	Tether (USDT)	US Dollar (USD)	1.00 USD	0.02%	$48,337,998	67.38%

HitBTC	Bitcoin (BTC)	Tether (USDT)	23,388.58 USDT	0.28%	$47,949,834	54.37%

Binance	Ethereum Classic (ETC)	Tether (USDT)	23.75 USDT	1.67%	$46,914,758	7.17%

Binance	Gala (GALA)	Tether (USDT)	0.06 USDT	1.47%	$46,522,887	35.95%

Coinbase Pro	Tether (USDT)	US Dollar (USD)	1.00 USD	0.02%	$43,028,260	39.82%

Binance	Fetch.AI (FET)	Tether (USDT)	0.34 USDT	5.88%	$41,713,999	36.13%

Binance	Avalanche (AVAX)	Tether (USDT)	20.96 USDT	1.27%	$41,078,792	41.37%

Binance	Tether (USDT)	Turkish Lira (TRY)	19.16 TRY	0.19%	$41,063,808	45.30%