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

Tether (USDT)

US Dollar (USD)

Bitcoin (BTC)

Solana (SOL)

Ethereum (ETH)

Dogecoin (DOGE)

Litecoin (LTC)

SHIBA INU (SHIB)

XRP (XRP)

Cardano (ADA)

cVault.finance (CORE)

Ethereum Classic (ETC)

Bitcoin Cash (BCH)

ChainLink (LINK)


Coinbase Pro	Tether (USDT)	US Dollar (USD)	1.00 USD	0.00%	$442,120,569	40.37%

Huobi Global	Bitcoin (BTC)	Tether (USDT)	60,253.75 USDT	2.29%	$109,746,618	6.03%

Huobi Global	Solana (SOL)	Tether (USDT)	129.76 USDT	3.23%	$98,264,217	1.99%

Poloniex	Bitcoin (BTC)	Tether (USDT)	60,272.03 USDT	2.23%	$82,554,373	3.79%

Huobi Global	Ethereum (ETH)	Tether (USDT)	2,890.09 USDT	4.02%	$71,383,804	3.89%

Bitfinex	Bitcoin (BTC)	Tether (USDT)	60,274.00 USDT	2.28%	$70,673,402	93.05%

Huobi Global	Dogecoin (DOGE)	Tether (USDT)	0.14 USDT	4.85%	$63,647,213	1.81%

Poloniex	Ethereum (ETH)	Tether (USDT)	2,888.62 USDT	4.04%	$44,463,905	1.06%

Bitfinex	Tether (USDT)	US Dollar (USD)	1.00 USD	0.04%	$43,817,265	0.88%

Coinbase Pro	Bitcoin (BTC)	Tether (USDT)	60,269.27 USDT	2.27%	$38,382,908	17.35%

Huobi Global	Litecoin (LTC)	Tether (USDT)	76.64 USDT	4.88%	$32,157,562	23.86%

Poloniex	SHIBA INU (SHIB)	Tether (USDT)	0.0000211 USDT	5.09%	$31,720,964	1.36%

Huobi Global	XRP (XRP)	Tether (USDT)	0.47 USDT	4.83%	$27,895,935	1.08%

Bibox	Bitcoin (BTC)	Tether (USDT)	60,259.50 USDT	0.00%	$25,079,777	0.00%

Huobi Global	Cardano (ADA)	Tether (USDT)	0.43 USDT	4.40%	$25,021,422	1.17%

Huobi Global	cVault.finance (CORE)	Tether (USDT)	1.87 USDT	12.67%	$24,185,079	0.91%

Poloniex	Dogecoin (DOGE)	Tether (USDT)	0.14 USDT	4.75%	$24,052,620	1.77%

Huobi Global	Ethereum Classic (ETC)	Tether (USDT)	24.34 USDT	5.19%	$23,726,420	6.42%

Huobi Global	Bitcoin Cash (BCH)	Tether (USDT)	448.63 USDT	5.23%	$22,993,226	6.44%

Huobi Global	ChainLink (LINK)	Tether (USDT)	12.93 USDT	2.21%	$22,782,641	5.40%