Tether Write For Us
Tether (often referred to by its money codes, USD₮ and USDT, among others) is an asset-backed cryptocurrency stablecoin. It was launched by the business Tether Limited Inc. in 2014. Tether Limited remains owned by the Hong Kong-based business iFinex Inc., which also owns the Bitfinex cryptocurrency exchange.
As of July 2022, Tether Limited has minted the USDT stablecoin on ten protocols and blockchains. Tether is described as a stablecoin because it was formerly designed to be valued at USD $1.00. Tether Limited has specified that it maintains USD $1 of asset reserves for each USD₮ 1 issued, but has remained fined by regulators for failing to do this and has failed to present audits showing sufficient asset reserves.
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