Last updated at 2022/10/04
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Tether, $USDT

USD-pegged Stablecoin

KPIs & Market Data

Market Cap
$68B
Market Cap 7d %
+0.06%
Market Cap 30d %
+0.51%
Volume 24h
$44B
Volume 7d
$498B
Mechanism
Governance
Centralized
Issuer
Tether Limited
Jurisdiction
Hong Kong

USDT has been the first major stablecoin in the market. Its value is pegged 1:1 to the USD. This is achieved by backing each issued USDT with one USD in cash or cash equivalents. Its mainly used to hedge market volatility as well as in trading pairs for crypto trading. However, Tether Limited failed to deliver a transparent audit that proves that every outstanding USDT is fully backed. The lack of transparency from Tether Limited constitutes a risk, that investors should be aware of.

Risks

  • Counterparty risk against Tether Holdings
  • Risk of insufficient backing
    • Tether still lacks a current, fully transparent, high-quality audit to prove the full backing of the USDT supply
  • Risk of loss of collateral due to low quality of collateral based on speculation
  • Risk of asset freeze due to regulatory pressure

$USDT Newsticker

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