Tether
Tether is the most widely used stablecoin, pegged to the U.S. dollar and offering fast, low-cost transfers across multiple blockchains. It plays a key role in crypto trading and liquidity but has faced scrutiny over the transparency of its reserves. Despite controversy, USDT remains the highest-volume stablecoin in circulation. It is essential in global crypto markets for quick, stable settlements.
| Tether | |
|---|---|
| Available on Coinbase (2024)? | Yes |
| Creator(s) | Brock Pierce, Reeve Collins, and Craig Sellars |
| Start year | 2014 |
| Decentralized score (out of 5) | 1/5: Fully Centralized |
| Influences or central authority | Tether Limited |
| Can be mined? | No |
| New issuance method | Centralized Issuance |
| Maximum supply (in millions) | None; no fixed maximum |
| Percentage already issued (2024) | Not applicable |
| Key functions (other than transactions) | none |
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