Tether converts cash into digital currency, to anchor or tether the value to the price of national currencies like the US dollar, the Euro, and the offshore Chinese yuan.
Every tether is always 100% backed by our reserves, which include traditional currency and cash equivalents and, from time to time, may include other assets and receivables from loans made by Tether to third parties, which may include affiliated entities (collectively, “reserves”). Every tether is also 1-to-1 pegged to the dollar, so 1 USDT is always valued by Tether at 1 USD.
The value of our reserves is published daily. The value of our reserves matches or exceeds the value of all tethers in circulation.
The Tether platform is built on top of open blockchain technologies, leveraging the security and transparency that they provide.
Tether is the most widely integrated digital-to- fiat currency today. Buy, sell, and use tethers at Bitfinex and other major exchanges and service providers.
Tether’s blockchain-enabled technology delivers world-class security while meeting international compliance standards and regulations.