Tether USD

About Tether

USD Tether (USDT) is a stablecoin anchored to the value of the US dollar that was developed by the crypto exchange BitFinex. According to the company, tokens in circulation are backed by an equivalent amount of U.S. dollars, making it a stablecoin with a price pegged to USD $1.00. Tether's offering targets blockchain firms, individuals & traders, and exchanges. USDT trades on most large cryptocurrency exchanges and has allowed traders to easily arbitrage prices across trading venues globally.