Why is USDT called Tether?

USDT is called Tether because it is issued by the company Tether as a stablecoin pegged to the U.S. dollar, always maintaining a 1:1 value with the U.S. dollar. Tether is located in the British Virgin Islands, and the name "Tether" represents the connection between USDT and the issuer Tether.

USDT Why is it called Tether

USDT (TetherUSD) is a stablecoin pegged to the US dollar, which always maintains the value of 1 USDT equal to 1 US dollar. Due to its close association with Tether, USDT is also known as Tether.

Tether Corporation and USDT

Tether Corporation is a cryptocurrency company based in the British Virgin Islands. The company launched USDT in 2014 as a digital token pegged to the U.S. dollar to facilitate trading on cryptocurrency exchanges. USDT has quickly become the most popular stablecoin on the market because it offers the stability of fiat currencies with the liquidity of cryptocurrencies.

The origin of the name Tether

USDT’s name comes from its issuer, Tether Company. In keeping with the company name, the coin is called Tether. The name represents USDT’s connection to the company Tether, indicating that it is a digital asset issued by the company.

Terms related to Tether

In addition to the name Tether, there are also some terms related to USDT, including:

• TEDA Company: The issuer of USDT.
• Stablecoin: A cryptocurrency whose value is pegged to a fiat currency, such as USDT.
• USD Pegged: The value of USDT is pegged to the US dollar, always keeping 1 USDT equal to 1 US dollar.

As of noon on July 9, 2024, Tether (USDT) is worth $0.99999072931737, with a 24-hour trading volume of $68511763460.383. The USDT price edged down by 0.05588812% compared to the previous day.

USDT’s circulating supply is 112207150564.86, the maximum supply is disputed, but the total supply is the same as the circulating supply. This means that all USDT currently in circulation has been minted.

USDT has a market capitalization of approximately $112206110327.98. USDT is generally considered a stable cryptocurrency due to its peg to the U.S. dollar, making it a popular choice for trading and other cryptocurrency activities.

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