About Tether
Tether (USDT) is a fiat-collateralized stablecoin issued by Tether Limited, designed to maintain a one-to-one peg with the U.S. dollar. It functions as a digital representation of USD across multiple blockchains. Brock Pierce, Reeve Collins, and Craig Sellars founded the project in 2014 under the name Realcoin before rebranding it to Tether. The first tokens were deployed on the Omni layer of the Bitcoin blockchain, with the initial 100 USDT minted on October 6, 2014. Tether does not operate its own blockchain or consensus mechanism. Instead, it issues and redeems tokens off-chain while USDT circulates on top of existing networks such as Bitcoin, Ethereum, Tron, and Solana, inheriting each host chain's consensus rules. The token trades under the ticker USDT and is used primarily as a stable medium of exchange, a settlement asset, and a leading trading pair on cryptocurrency exchanges. USDT supply is uncapped; Tether mints and burns tokens in response to market demand and redemptions. Circulating supply stood in the range of roughly 183 to 189 billion dollars in 2026, making it the largest stablecoin by supply. USDT is widely used as a bridge between traditional currencies and the broader cryptocurrency market.
Binance cuts nearly three hours of Blue Ocean data from US stock perp funding
Binance's exclusion of faulty data highlights the risks of relying on third-party systems, emphasizing the need for robust risk management strategies.
Tether backs Peso to expand USDT payment infrastructure in Latin America
Tether's investment in Peso could reshape Latin America's financial landscape, challenging local currencies and regulatory frameworks.
Mural raises $28 million in total funding led by Tether to expand payment infrastructure
Mural's funding boost and Tether's backing highlight the growing importance of seamless fiat-stablecoin integration in global finance.
Tether sees $1B drop in USDT as Bitcoin recovery faces challenges
The decline in USDT's market cap could hinder Bitcoin's recovery, highlighting the critical role of stablecoin liquidity in crypto markets.
Tether backs Tenstorrent’s $1.5 billion raise to widen access to AI computing
Tether's investment in Tenstorrent signals a strategic shift towards diversifying AI infrastructure, potentially decentralizing computing power.
Anchorage Digital partners with Securitize to bring federally issued stablecoins to tokenized assets
This partnership enhances the integration of blockchain in traditional finance, potentially increasing institutional adoption of digital assets.
A sourced map of Tether's relationships is on the way.
Partners, competitors and related assets, each link independently verified and source-linked before it appears here.
The Crypto Briefing podcast is on the way.
Conversations on Tether and the wider market, hosted by our team, will appear here once episodes are live.