What are tether tokens & how do they work?
Tether tokens are assets that move across the blockchain just as easily as other digital currencies but that are pegged to real-world currencies on a 1-to-1 basis.
Tether tokens are referred to as stablecoins because they offer price stability as they are pegged to a fiat currency. This offers traders, merchants and funds a low volatility solution when exiting positions in the market.
All Tether tokens are pegged at 1-to-1 with a matching fiat currency (e.g., 1 USD₮ = 1 USD) and are backed 100% by Tether’s reserves.
As a fully transparent company, we publish a record of the current reserve assets.
100% backed and fully transparent
More stability, more growth
Tether tokens have grown in popularity over the past few years, with a market cap of over US$77 billion (as of December 2021). Tether tokens allow customers the ability to transact across different blockchains, without the inherent volatility and complexity typically associated with digital tokens.
Blockchain ready
Tether tokens exist as digital tokens built on various blockchains including Algorand, Ethereum, EOS, Liquid Network, Omni, Tron, Bitcoin Cash’s Standard Ledger Protocol, and Solana. Therefore, issuance of Tether tokens is viable on various blockchains with varying capabilities depending on the transport protocol used.
