Tether Logo

Tether

News

All the latest news about Tether

See all news

This week in crypto: Tether Launches Another Fiat-Pegged Stablecoin

 Hassan Maishera

Celer Network Adds Bridging Support For The Kava Network

The Celer Network announced via a blog post on Tuesday that it has partnered with the Kava network.

 Hassan Maishera

Alchemy Pay Partners With Binance Pay To Facilitate Offline Crypto Payment Methods At Artaverse

The Alchemy Pay team announced via Twitter on Thursday that it has partnered with Binance Pay, ePayments, and QponBay.

 Hassan Maishera

Trade

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

See all exchanges

FTX

4.44 based on 1466 votes

Bit.com Exchange

4.19 based on 54 votes

Binance

4.13 based on 2239 votes

Spend

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

See all cards

Embily Card

4.26 based on 88 votes

TRASTRA Card

4.25 based on 713 votes

Club Swan Card

3.87 based on 157 votes

Shop

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

See all merchants

BC.Game

5 based on 2 votes

VPS2DAY.com

4.86 based on 7 votes

NOWPayments

4.36 based on 90 votes

Hodl

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

See all wallets

YouHodler

4 based on 15 votes

Ledger Nano S

3.75 based on 176 votes

Ledger Nano X

3.68 based on 34 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.