News

All the latest news about Tether

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Canonical USDC and USDT Are Now Live on Sei

The Sei team announced via X on Monday that canonical USDC and USDT stablecoins are now live on its blockchain.

 Hassan Maishera

Bybit's Exclusive Trade Derivatives Event Offers a Chance to Win Up to 2 ETH and Exciting Rewards

Bybit, a leading cryptocurrency exchange platform, has just announced an event for its users, offering them the opportunity to win up to 2 ETH and other rewards.

 Nikolas Sargeant

Strike Empowers Africa with Bitcoin Payments in Seven New Nations

Strike launches Bitcoin services in 7 African countries, tackling financial hurdles. CEO Mallers divests from USD, embracing Bitcoin's promise.

 Nikolas Sargeant

Trade

Find the exchange with the lowest fees, best methods for depositing or your geographical area and start trading Tether

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Bybit

N/A
4.36 based on 4534 votes

Binance

N/A
4.09 based on 2360 votes

Kraken

N/A
3.96 based on 558 votes

Spend

Want to leave your cash at home? These cards support Tether.

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TRASTRA

3.95 based on 322 votes

Bybit Card

3.9 based on 58 votes

Xexon Card

3.12 based on 66 votes

Shop

So you've made a little Tether and now you want to spend it? These are the places to do it!

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BC.Game

4.6 based on 5 votes

Cryptoholic Shop

4.4 based on 5 votes

VPS2DAY.com

4.36 based on 11 votes

Hodl

Find the wallet that suit your security, ease of use and anonymity needs for Tether.

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YouHodler

3.8 based on 41 votes

Ledger Nano X

3.78 based on 45 votes

Ledger Nano S

3.77 based on 187 votes

Review

Learn more about Tether.

When investing in virtual currency, you need to do your research. We provide you with reviews of each world top cryptocurrency out there, so that you can find the best crypto coins to invest in for you. This review of Tether consists of three chapters: origin & background, technology and pros & cons.

USDT is a stablecoin, created by the CEO of Bitfinex, JL Van der Velde, amongst others. When USDT came out in 2014, it’s first name was RealCoin. With background of the founding team, Bitfinex was subsequently the first exchange to release Tether on it’s trading platform. Tether has gained wide adoption and almost all large exchanges support it.

USDT figurates on the Bitcoin blockchain through the Omni Layer Protocol. Like Bitcoin, USDT can be transacted, used and stored but on the Omni Layer so preferably on the OmniWallet. USDT and the other Tether currencies that they support, are created to serve as an option to Bitcoin when inter-trading with national currencies and cryptocurrencies.

The Tether company claims that each USDT released are backed by $1 USD in the company’s bank account. Because of poor insight and such large trading volume, the U.S Commodity Futures Trading Commission issued subpoenas and sent them to the company on 6th December, 2017.  As a result of this the company releases bank account balances on their own Transparency Page to prove that the corresponding amount of USD is equivalent or more than the cryptocurrency. Once the company publishes a new statement, independent auditors will verify and sign the documents to prove its authenticity.

There has been a lot of controversy surrounding the USDT. Since USDT is also on the Ethereum blockchain, many users have pointed out instances of the Tether company releasing massive amounts of USDT in short periods of time. Some considered USDT to be the ticking time bomb that will cause the next major crash in crypto, including famous economist Nouriel Roubini.