Tether $USDT
The USDT token is a stablecoin pegged to the value of the US dollar. It is controlled, issued, and redeemed by a central authority (Tether Limited Inc, hereafter Tether) and backed by at least an equivalent dollar value in cash and assets held by Tether.
Token PageEconomic Summary
The USDT token is a centralized stablecoin representing the value of the US dollar. Its value originates from a Representation Origin of Value (OoV).
The issuance/redemption of USDT and the maintenance of its representation value is maintained by a central authority - Tether Limited. The USDT is backed by at least an equal dollar value in cash and assets held by Tether.