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Information about Tether (USDT)
USDT (or Tether coin) is a 1:1 USD-backed stablecoin issued by Tether Operation Limited in 2014. USDT is the most popular stablecoin in the cryptocurrency market, with a capitalization of more than 60 billion USD. Each 1 USDT will be worth 1 USD, allowing USDT to maintain price stability while increasing liquidity.
Tether coin (USDT) is created and traded on the Bitcoin blockchain using the Omni Layer Protocol (Omni is a software layer built on the Bitcoin blockchain that allows for the creation and trading of custom digital assets or units). Each USDT unit is backed by one USD in the Tether Limited reserve and can be redeemed through the Tether platform.
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