Coin Information - USD Tether (Omni network) - USDT



USDT
USD Tether (Omni network)

Market Capitalization
USD 58,361,709,605.468
24hr Volume (Global)
145,771,816,460.687
Circulating Supply
58,340,211,052.842
Current Price
USD 1.00036850316854
Date (UTC)
2021-05-19 03:25:54
USDT is a cryptocurrency asset issued on the Bitcoin blockchain via the Omni Layer Protocol. Each USDT unit is backed by a U.S Dollar held in the reserves of the Tether Limited and can be redeemed through the Tether Platform. USDT can be transferred, stored, spent, just like bitcoins or any other cryptocurrency.
USDT and other Tether currencies were created to facilitate the transfer of national currencies, to provide users with a stable alternative to Bitcoin and to provide an alternative for exchange and wallet audits which are currently unreliable. USDT provides an alternative to Proof of Solvency methods by introducing a Proof of Reserves Process.
In the Tether Proof of Reserves system, the amount of USDT in circulations can be easily checked on the Bitcoin blockchain via the tools provided at Omnichest.info, while the corresponding total amount of USD held reserves is proved by publishing the bank balance and undergoing periodic audits by professionals.
Last
40600.90000000
24h Change
-9.097%
24h High
46091.24000000
24h Low
40067.59000000
24h Volume
10.09766700 USDT
Interval