USDT, a U.S. dollar-pegged stablecoin designed to provide stability and ease of use for cryptocurrency trading. The article delves into key information such as the origin, issuance date, and issuance volume of USDT. Understanding the history and mechanics of USDT is crucial for cryptocurrency investors and traders to help them make informed decisions.
What is USDT?
USDT (Tether) is a stablecoin pegged to the US dollar, powered by Tether Ltd. issued. Stablecoins aim to have their value pegged to a specific asset, such as a fiat currency, thereby providing greater stability and predictability in the cryptocurrency market.
Issue Time
USDT was launched in July 2014 and was originally called Realcoin. It was renamed Tether in 2015.
Issuance volume
The issuance volume of USDT is determined by Tether Ltd. and is linked to the U.S. dollar reserve. As of August 2023, the circulating supply of USDT is approximately $68 billion.
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