USDT
undefined
3
Name
USDT
Summary
-USD Tether (USDT) is a stablecoin tied to the US dollar's value.
-It was founded by Brock Pierce, Reeve Collins and Craig Sellars in 2014
-USDT does not have its own blockchain; instead, it is a second-layer token
Rating
Symbol
USDT
Overview
Tether, a Hong Kong-based business, has created USDT, a stablecoin (stable-value cryptocurrency) that matches the price of the US dollar. The USDT is pegged to the US dollar by keeping a reserve of commercial paper, fiduciary deposits, cash, reserve repo notes, and treasury bills with a USD value equal to the number of USDT in circulation.
USDT's claimed goal is to combine the unrestricted nature of cryptocurrencies — which can be transmitted between users without the requirement of a trusted third-party middleman — with the US dollar's stable value.
Historical Price Movement (in INR)
Technology
USDT does not have its blockchain; instead, it is a second-layer token that sits on top of the blockchains of other cryptocurrencies such as Bitcoin, Ethereum, EOS, Tron, Algorand, Bitcoin Cash, and OMG, and is secured by their hashing algorithms. Tether’s 1:1 ratio with the dollar has also enabled it to be used as a bridge between fiat currencies and cryptocurrencies. It has the relative stability of a fiat currency but functions as a cryptocurrency.
Token Allocation
The entire quantity of USDT has no fixed limit; given that it belongs to a private firm, its issuance is potentially limited solely by Tether's own laws. However, because Tether says that each USDT is backed by a single dollar, the total number of tokens is restricted by the company's cash reserves. This is debatable.
Volume (As of 18th march 2022)
$55,866,609,357
Total Supply
83307068948
Circulating Supply
80.43B USDT
Crowd Sales
NA
Country
Cayman Islands / Hong Kong
Name of Organization
Tether
Year Incorporated
2014
Registered Address
CAYMAN ISLAND and 17F-1, No. 266, Sec. 1, Wenhua Rd., Banqiao Dist., New Taipei City, 22041, TW
Dispute Resolution and Governing Law
Cayman Island
Country Risk Assessment
A1
Founding Team
| Name | Designation | Education | Experience |
| Brock Pierce | Co-Founder | University of Southern CaliforniaUniversity of Southern California: Film | 24 Yrs |
| Reeve Collins | Co-Founder | Washington State UniversityWashington State UniversityMarketing and Finance | 24 Yrs |
| Craig Sellars | Co-Founder | Georgia Institute of Technology: BS, Computer ScienceGeorgia State University - J. Mack Robinson College of Business: MBA - incomplete, International Entrepreneurship | 23 Yrs |
https://crebaco.com/planner/admin/uploads/whitepapers/6923514TETHER%20Whitepaper.pdf 
