Tether (USDT) is the most dominant and widely traded stablecoin in the global cryptocurrency market today. Founded in July 2014 by Brock Pierce, Reeve Collins, and Craig Sellars in California, it was released into circulation in October that same year.

The idea behind Tether was to provide a digital asset pegged directly to the US dollar and other fiat currencies thereafter, in order to provide traders and investors with an ecosystem to park or hold crypto assets away from the volatility of other cryptocurrencies.

USDT is available on most digital blockchain networks or via interoperable swaps or exchanges. It was first released on the Bitcoin network in 2014, followed by other digital ecosystems afterwards, and has consistently been one of the top three digital currencies in the world according to market capitalization. USDT price is updated and available in real time on Binance.