How many Tether coins are issued?

The issuance of Tether coins is supervised by TEDA Company and is 81.9 billion as of March 2023. Its issuance mechanism is that TEDA deposits equivalent U.S. dollar reserves for minting one USDT, and anchors the 1:1 U.S. dollar value by destroying USDT in exchange for U.S. dollar reserves. Tether is issued for purposes including: stabilizing cryptocurrency transactions, transferring funds, and serving as collateral for cryptocurrency lending and leveraged trading.

Tether issuance

Tether is a stable currency collateralized by the US dollar, and its issuance is controlled by TEDA. supervision. As of March 2023, the total issuance of Tether coins is:

• 81.9 billion

##Issuance mechanism

The issuance mechanism of TEDA coins is as follows:

TEDA Company mints a USDT token and deposits an equivalent US dollar reserve.
• When a user wants to exchange USDT for US dollars, TEDA will destroy the equivalent amount of USDT and withdraw the corresponding US dollar reserves.
• Through this mechanism, Tether maintains a 1:1 anchoring relationship with the US dollar.

Purpose of issuance

The issuance of Tether is intended to:

Provide stability for cryptocurrency transactions and reduce market volatility Impact on transactions.
• Conveniently for users to transfer funds between cryptocurrency exchanges without the need to convert them back to legal currency.
• As collateral for cryptocurrency lending and leveraged trading.

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