Tether (USDT)
Launched in 2014, the Tether project is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner. Tether has made headway by giving customers the ability to transact with traditional currencies across a blockchain, without the inherent volatility and complexity typically associated with a digital currency.
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Tether Tokens (including the most popular, USDT) exist as digital tokens built on several leading blockchains, especially on the most popular such as Ethereum and Tron.​​ USDT has the ERC20 marking for the Ethereum network and TRC20 for the Tron network.They are referred to as stablecoins because they offer price stability as they are pegged to a fiat currency. All Tether Tokens are pegged at 1-to-1 with a matching fiat currency (e.g., 1 USDT = 1 USD) and are backed 100% by Tether’s Reserves.
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Tether is the third largest cryptocurrency by market capitalization, after Bitcoin and Ethereum. Its market capitalization is constantly growing because it is one of the most popular cryptocurrencies, as well as a stable coin, publicly traded on all crypto exchanges worldwide. Each of the 300 largest crypto exchanges in the world have buy-sell pairs with USDT. With Tether (USDT) you can buy almost any cryptocurrency, including of course the most popular ones, such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP) and other.
Tether Limited is owned by the company iFinex Inc., which also owns the cryptocurrency exchange Bitfinex.
USDT (ERC20) Ethereum Blockchain
Ethereum (ETH), which was created in 2015 by programmers such as Vitalik Buterin, is the second largest cryptocurrency by market capitalization after Bitcoin. Nevertheless, unlike Bitcoin, Ethereum was not created as a digital currency, although it is one. Instead, Ethereum’s creators set out to build a new kind of global, decentralized computing platform that leverages the security and openness of blockchains and extends these attributes to a wide range of applications. Financial tools, games and complex databases are already running on the Ethereum blockchain. The possibilities for its future use are limited only by the imagination of the developers! As the non-profit, Ethereum Foundation states "with Ethereum, you can codify, decentralize, secure and trade almost anything".
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One of the most popular, publicly traded cryptocurrencies created on the Ethereum blockchain is USDT (ERC20).
USDT (TRC20) Tron Blockchain
TRON (TRX) is a decentralized blockchain-based platform that was developed by the Tron Foundation and launched in 2017. It was initially created with the intention of providing full ownership rights to creators of digital content. The platform supports smart contracts, various types of blockchain systems and decentralized applications, also known as dApps. TRON seeks to create a decentralized Internet and serves as a tool for developers to create dApps, potentially providing an alternative to Ethereum. TRON was founded by Justin Sun, who now serves as CEO.
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One of the most popular, publicly traded cryptocurrencies created on the Tron blockchain is USDT (TRC20).
Bitfinex is one of the oldest cryptocurrency exchanges, founded in 2012, owned and operated by the company iFinex Inc. It was originally established as a peer-to-peer Bitcoin exchange, later adding support for other cryptocurrencies. Bitfinex was one of the first professional platforms built for cryptocurrency trading and today is one of the world's largest crypto exchanges, with a daily turnover of all crypto assets in the amount of several hundred million USD. Monthly turnover of crypto assets on the Bitfinex exchange reaches over 10 billion USD. Assets stored by clients on their electronic wallets on the Bitfinex exchange have a value of several dozen billion USD. Bitfinex is the world's second-largest exchange by number of Bitcoins held in its digital wallet, estimated to have about 403,000 Bitcoins.
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Tether (USDT), the largest stablecoin by market capitalization, is also owned by the company iFinex Inc.
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