Tether $USDT

N/A

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.

Stablecoin

Token Page

Tether token design description

TL;DRTL;DR Origins of ValueOoV Value Capturing MechanismsVCM Implementation DetailsVCIP ChartsCharts

Value Capturing Mechanisms

The value-capturing structure of USDT is presented by one mechanism containing only the Representation origin of value.

USDT represents the 1.00 USD unit backed by collateral reserves held by Tether Limited.

VCM = [5]

Economic 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.