Tether is a blockchain-based cryptocurrency whose coins in circulation are backed by an equivalent amount of traditional fiat currencies, like the dollar, the euro or the Japanese yen, which are held in a designated bank account. It’s the largest stablecoin by market capitalization.
Tether converts cash into digital currency, to anchor or tether the value to the price of national currencies like the US dollar, the Euro, and the offshore Chinese yuan.
Every tether is always 100% backed by our reserves, which include traditional currency and cash equivalents and, from time to time, may include other assets and receivables from loans made by Tether to third parties, which may include affiliated entities (collectively, “reserves”). Every tether is also 1-to-1 pegged to the dollar, so 1 USD₮ is always valued by Tether at 1 USD.
The value of our reserves is published daily. The value of our reserves matches or exceeds the value of all tethers in circulation.
Tether is the most widely integrated digital-to-fiat currency today. Buy, sell, and use tethers at Bitfinex and other major exchanges and service providers.
Connecting to the USDT (Omni/ERC20) explorer & node via NOWNodes lets you focus on your blockchain project without worrying about anything else.