Crypto Coin Overview
Tether (USDT)
N/A (N/A)
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Daily Volume 924 905,11 Hour trend -0.03 Daily Trend -0.82 Week Trend 0.74
Tether Summary information
Ticker Coin Name Price, $ Coin Turnover 24H Market Cap, Available supply Total supply
USDT Tether 1.0077999293 ~3 133 041 244,10 1 870 901 694,00 1,856,421,736 (71.95%) 2,580,109,502

Project Description

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.

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Tether Latest Updates
November 23, 2017

Update on Security Incident

On Sunday, November 19th, $30,950,010.00 in Tether tokens were stolen from our treasury wallet through malicious action by an external attacker. While we are in the process of co-ordinating and co-operating with law enforcement on this matter, we are satisfied that we have found the cause of the...

From: adam

November 21, 2017

Tether Critical Announcement

Yesterday, we discovered that funds were improperly removed from the Tether treasury wallet through malicious action by an external attacker. Tether integrators must take immediate action, as discussed below, to prevent further ecosystem disruption. $30,950,010 USDT was removed from the Tether...

From: adam

September 30, 2017

Transparency Update

Friedman LLP has been engaged to perform historical balance sheet audit procedures for Tether Limited. However, as the amount of Tethers in circulation has increased substantially in recent months, we have also asked Friedman to analyze our bank balances and our issued and outstanding token...

From: claudia

September 11, 2017

Tether & Ethfinex collaborate on development of ERC20 Tether tokens

Tether.to is working tirelessly to disrupt the legacy financial system through a more modern approach to money. As the first blockchain-enabled platform to facilitate the use of fiat currencies in a digital manner, Tether has made headway by giving customers the ability to transact with...

From: claudia

September 05, 2017

Tether Update

Tether has grown dramatically over recent months, despite banking issues. We are grateful to all of our users and exchanges that continue to fuel the adoption of Tether as the de facto standard for ‘crypto dollars.’ The Tether team wants to update the community on several items: first, to...

From: adam

July 28, 2017

Bitcoin Fork Policy Update

Dear Tether.to Customers, We wanted to provide an update on proposed changes to the Bitcoin network and what that means for Bitcoin (BTC) stored on Tether.to. We want to ensure our users that all funds stored on Tether.to will be safe and unaffected in the event of a fork. Bitcoin Cash (BCC) is...

From: claudia

April 22, 2017

Announcement

As our customers and others in the blockchain space may have recently experienced, Tether is currently expecting continued delays in processing international wires to and from tether.to users.  Blockchain-based withdrawals and deposits are in no way affected.  The Tether Reserve remains in...

From: claudia