Home web3.0 Are there trillions of Tether coins in circulation?

Are there trillions of Tether coins in circulation?

Apr 25, 2024 pm 02:12 PM
Stablecoin usdt Tether

The circulation of Tether coins does not exceed one trillion. Tether limits the issuance of Tether to match the value of U.S. dollars in reserves, and as of February 1, 2023, the circulating supply of Tether was approximately $69 billion.

Are there trillions of Tether coins in circulation?

Tether issuance:

No, the circulation of Tether does not exceed one trillion.

Detailed explanation:

Tether (USDT) is a stable currency pegged to the US dollar, issued by Tether Limited. The issuance of Tether is pegged to the value of U.S. dollars held in Tether reserves. According to Tether’s official transparency page, the circulating supply of Tether is approximately $69 billion as of February 1, 2023.

Tether has made it clear that it will only issue Tether equal to the value of the fiat currency held in its reserves. In other words, Tether’s issuance is limited by the U.S. dollar reserves it actually holds.

Therefore, the issuance of Tether is unlikely to reach trillions. In fact, its issuance is much lower than some of its competitors on the market, such as Binance USD (BUSD) and USD Coin (USDC).

The above is the detailed content of Are there trillions of Tether coins in circulation?. For more information, please follow other related articles on the PHP Chinese website!

Statement of this Website
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn

Hot AI Tools

Undress AI Tool

Undress AI Tool

Undress images for free

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Clothoff.io

Clothoff.io

AI clothes remover

Video Face Swap

Video Face Swap

Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Tools

Notepad++7.3.1

Notepad++7.3.1

Easy-to-use and free code editor

SublimeText3 Chinese version

SublimeText3 Chinese version

Chinese version, very easy to use

Zend Studio 13.0.1

Zend Studio 13.0.1

Powerful PHP integrated development environment

Dreamweaver CS6

Dreamweaver CS6

Visual web development tools

SublimeText3 Mac version

SublimeText3 Mac version

God-level code editing software (SublimeText3)

Hot Topics

PHP Tutorial
1538
276
What is Ecocoin (EOS)? EOS Market Analysis and Price Forecast 2025-2030 What is Ecocoin (EOS)? EOS Market Analysis and Price Forecast 2025-2030 Aug 14, 2025 pm 12:03 PM

Table of Contents What is EOS? Project Background Project Category 1. Smart Contract Layer-1 Infrastructure 2. Delegated Proof of Stake (DPoS) Ecosystem 3. Web3dApp and Developer Ecosystem Strategies Outlook Market Analysis Price Analysis Price Forecast: EOS2025-203025 Forecast 2026 Forecast 2027 Forecast 2028-2030 Forecast Price Forecast Table Project Overview FAQ Conclusion Since its ambitious launch, EOS.IO is recognized as one of the most technologically advanced blockchain platforms, aiming to solve the scalability faced by traditional networks like Ethereum

How do ordinary people buy Litecoin? Where to buy it? A comprehensive introduction to 3 simple and practical methods How do ordinary people buy Litecoin? Where to buy it? A comprehensive introduction to 3 simple and practical methods Aug 14, 2025 pm 01:45 PM

As digital assets gradually enter the public eye, many people have begun to become interested in Litecoin (LTC). This article will introduce you in detail three practical methods for purchasing Litecoin that ordinary people can easily get started, helping you complete your first transaction safely and conveniently.

List of transaction fees for currency exchanges Comparison of transaction fees for mainstream exchanges List of transaction fees for currency exchanges Comparison of transaction fees for mainstream exchanges Aug 16, 2025 pm 12:45 PM

In 2025, the average spot fee rate of mainstream exchanges is 0.1%-0.2%, and the contract fee rate is 0.01%-0.06%; Binance, OKX, etc. provide up to 30% discount through VIP levels and platform tokens (such as BNB and OKB); the fee rate of decentralized exchanges is still 3-5 times higher; high-frequency traders can save 80% of fees; Maker orders enjoy preferential or even negative rates; cash withdrawal fees may be increased by 300%-500% due to network congestion; hidden costs include fiat currency spread (up to 1.5%), inactive account fees and cross-chain surcharges; fee reduction strategies include holding tokens, market makers trading, and improving VIP levels, saving more than $3,000 per month for combined use; industry trends are zero-rate rates for specific transactions, decentralized platform fees and capital rate optimization

What is the golden ratio in the currency circle? How to use Fibonacci Gold Pocket? What is the golden ratio in the currency circle? How to use Fibonacci Gold Pocket? Aug 14, 2025 pm 01:42 PM

What is the golden ratio in the catalog? From Fei's to Gold Pocket: How to show the pattern How to use gold pockets in cryptocurrency trading How to use gold pockets Why the gold ratio works in financial marketsFebonacci Gold Pocket Trading Setting Example Combined with gold pockets and other technical indicatorsCommon errors When trading gold pockets: The gold ratio is not only aesthetically valuable, but also actionable Fibonacci Gold Zone FAQ 1. What is the Fibonacci Gold Zone? 2. Why is 0.618 important in cryptocurrency trading? 3. Is the golden ratio effective? 4. How to TradingVie

What does token mean? How to trade token What does token mean? How to trade token Aug 16, 2025 pm 12:24 PM

Tokens are digital assets issued based on existing blockchains, representing various types of equity and can be traded through centralized platforms (CEX) or decentralized platforms (DEX). 1. CEX transactions require registration and certification, recharge assets, place orders and manage assets; 2. DEX transactions require preparation of personal accounts, connecting to the platform, redemption and waiting for the blockchain to confirm and complete the transaction.

How will Circle affect the stablecoin market after it goes public? Comparison of advantages and disadvantages of USDT, USDC, DAI How will Circle affect the stablecoin market after it goes public? Comparison of advantages and disadvantages of USDT, USDC, DAI Aug 14, 2025 pm 01:00 PM

Circle, as a company with significant influence in the field of fintech, will undoubtedly have a profound impact on the entire stablecoin market. Circle is known primarily for issuing and managing stablecoins USDC, which is currently the second largest stablecoin on the market, pegged to the US dollar and aims to provide stability and reliability for digital asset transactions.

Do ordinary people want to invest in Ripple? How to buy it? A detailed summary of 3 efficient and reliable methods Do ordinary people want to invest in Ripple? How to buy it? A detailed summary of 3 efficient and reliable methods Aug 14, 2025 pm 01:30 PM

First, it is recommended to purchase Ripple (XRP) through a mainstream centralized trading platform. You need to register and complete your identity verification. Then you obtain USDT and other stablecoins as trading medium through C2C and other methods. Then, use market orders to buy XRP/USDT trading pairs in the spot market to complete the purchase. The assets can be temporarily stored in the platform account or transferred to personal money buds. Secondly, you can choose instant exchange services such as Changelly and SimpleSwap. No complicated registration is required, and you can directly exchange XRP with assets such as BTC or ETH. It is convenient to operate but the handling fee is high. The third method is to use the built-in C2C trading market on the platform to screen high-reputation merchants to purchase USDT using fiat currency, and then transfer to the spot market to exchange XRP. The transaction is guaranteed by the platform to be safer; in general, the mainstream

Understand the role of Tokens in decentralized finance Understand the role of Tokens in decentralized finance Aug 16, 2025 pm 12:12 PM

Tokens are digital assets based on blockchain and play a core role in DeFi, including governance, utility, stablecoins, securities and LP Tokens, etc., and are widely used in decentralized transactions, lending, income farming and NFT. They can operate transparently and efficiently through smart contracts. At the same time, you need to pay attention to risks such as smart contracts, impermanent losses, and price fluctuations, and choose suitable storage and security management assets.