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HandWiki. Tether (Cryptocurrency). Encyclopedia. Available online: https://encyclopedia.pub/entry/34820 (accessed on 08 October 2026).
HandWiki. Tether (Cryptocurrency). Encyclopedia. Available at: https://encyclopedia.pub/entry/34820. Accessed October 08, 2026.
HandWiki. "Tether (Cryptocurrency)" Encyclopedia, https://encyclopedia.pub/entry/34820 (accessed October 08, 2026).
HandWiki. (2022, November 16). Tether (Cryptocurrency). In Encyclopedia. https://encyclopedia.pub/entry/34820
HandWiki. "Tether (Cryptocurrency)." Encyclopedia. Web. 16 November, 2022.
Tether (Cryptocurrency)
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The content is sourced from: https://handwiki.org/wiki/Finance:Tether_(cryptocurrency)

Tether (often referred to by one of its currency codes, USD₮), is an asset-backed cryptocurrency stablecoin. It was launched by the company Tether Limited Inc. in 2014. Tether Limited is owned by the Hong Kong-based company iFinex Inc., which also owns the Bitfinex cryptocurrency exchange. As of July 2022, Tether Limited has minted the USDT stablecoin on ten protocols and blockchains. Tether is described as a stablecoin because it was originally designed to be valued at USD $1.00, with Tether Limited maintaining USD $1.00 of asset reserves for each USDT issued.

cryptocurrency blockchains stablecoin

References

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  65. "Roaring cryptocurrency cacophony drowns out rest of Wall Street". The Japan Times. May 14, 2021. https://www.japantimes.co.jp/news/2021/05/14/business/cryptocurrency-cacophony/. "Tether, the cryptocurrency stablecoin that says it's backed one-for-one by fiat currencies, released a reserves breakdown for the first time that showed a large portion in unspecified commercial paper. The company has faced questions over both its reserves and whether it was used to manipulate cryptocurrency prices. In February, Tether settled a legal dispute with the New York Attorney General's Office and paid a fine of $18.5 million." 
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