$ 1.01 (0.64%)
Tether (USDT) - Historical Price Chart
About TetherMake a Suggestion
Tether is an unregulated cryptocurrency token that was issued on the Bitcoin blockchain (before transitioning to the Litecoin blockchain) through the Omni Layer Protocol. According to Tether Limited, each unit of Tether is backed by one United States dollar held in reserve by Tether Limited, and may be redeemed through the Tether Platform. The primary objective is to facilitate transactions with a rate fixed to the United States Dollar to circumvent government intervention and regulatory oversight. The project is supported by major cryptocurrency exchanges. Tether tokens are issued by Tether Limited. The CEO is Jan Ludovicus van der Velde.
Tether was founded in November 2015. The company is incorporated in Hong Kong with offices in the United States. Tether is closely connected with Bitfinex, which is ranked around the third largest cryptocurrency exchange (by volume) in the world.