What is Tether?
Who created Tether?
What can you do with Tether?
Did you know?
One of Tether’s founders, Brock Pierce, starred in multiple Disney films when he was a child actor in the early 1990s.
A brief history
- July 2014 – Realcoin, a token backed by the US dollar, launches.
- November 2014 – Realcoin rebrands to Tether and enters private beta.
- January 2015 – Bitfinex lists Tether.
- February 2015 – Tether begins trading.
- December 2017 – The Tether supply surpasses one billion tokens.
- June 2018 – An academic study is published suggesting Tether can be printed “regardless of investor demand.”
- April 2019 – The New York Attorney General’s Office sues iFinex—Tether’s parent company—for allegedly using USDT to cover $850 million in lost funds.
- July 2020 – Tether’s market cap hits $10 billion.
- December 2020 – Tether’s market cap hits $20 billion.
- February 2021 – Tether and Bitfinex settle with the New York Attorney General’s Office for $18.5 million.
- February 2021 – Tether’s market cap hits $30 billion.
- April 2021 – Tether expands to Polkadot and its market cap hits $43 billion.
- May 2021 – Tether reveals its reserves breakdown for the first time since 2014.
- May 2021 – Tether’s market cap hits $60 billion.
What’s so special about Tether?
- 🗿 Stable – Tether claims to be backed by fiat currency. That means holders aren’t subjected to the same high levels of volatility found in other cryptocurrencies. It gives users easy access to the cryptocurrency market, without exposure to wild price fluctuations.
- 📭 Widely accepted – Tether is a popular cryptocurrency that can be bought and sold on most exchanges. Many exchanges use it as a trading pair.
- 🐻 Familiar – Being backed by international currencies makes Tether’s value intuitive; useful for traders purchasing other cryptocurrencies with it.
How is Tether produced?
How does Tether work?
Did you know?
A research paper published in June 2018 accused Tether Limited and Bitfinex of artificially inflating the price of Bitcoin in December 2017. Tether and Bitfinex have denied these accusations.