Active cryptocurrencies: 1660 / Markets: 11015 Market Cap: 24h Vol:
Price
$1.00 (0.07 %)
0.000133 BTC
Market Cap
$2,511,854,238
333,625 BTC
24h Vol
$1,927,870,000
256,060 BTC
1h (0.03 %)
24h (0.07 %)
7d (0.01 %)
Charts

USDT is a cryptocurrency asset issued on the Bitcoin blockchain via the Omni Layer Protocol. Each USDT unit is backed by a U.S Dollar held in the reserves of the Tether Limited and can be redeemed through the Tether Platform. USDT can be transferred, stored, spent, just like bitcoins or any other cryptocurrency.

USDT and other Tether currencies were created to facilitate the transfer of national currencies, to provide users with a stable alternative to Bitcoin and to provide an alternative for exchange and wallet audits which are currently unreliable. USDT provides an alternative to Proof of Solvency methods by introducing a Proof of Reserves Process.

In the Tether Proof of Reserves system, the amount of USDT in circulations can be easily checked on the Bitcoin blockchain via the tools provided at Omnichest.info, while the corresponding total amount of USD held reserves is proved by publishing the bank balance and undergoing periodic audits by professionals.

Full Name Tether (USDT)
Start Date 2014-10-06
Algorithm N/A
Proof Type N/A
Website https://tether.to/
Twitter @Tether_to
Facebook https://www.facebook.com/tether.to/
Reddit N/A
Block Number N/A
Block Time N/A
Block Reward N/A
Total Coins Mined 2,507,140,814 USDT
Previous Total Coins Mined N/A
Net Hashes Per Second N/A