USDT Live Price Converter

Tether (USDT) is a stablecoin whose value is pegged to the U.S. dollar. Maintaining the total amount of dollar reserves at a value equal to the quantity of USDT in circulation ensures the token's USD parity.

Realcoin was first released in 2014 as a second-layer cryptocurrency token built on top of Bitcoin's network. Shortly afterward, it was renamed USTether and then USDT. Later updates allowed USDT to function on the Ethereum, Tron, Algorand, EOS, and OMG blockchains in addition to Bitcoin's.

The idea behind Tether is to combine the freedom and decentralization of cryptocurrencies with the relative stability of the U.S. dollar.

More people are turning to stablecoins as a way to protect their wealth from inflation. While the average savings account gives only 0.06% in fiat currency, lenders of stablecoins can charge interest rates of 3% to 20%. With that said, investors should be aware of the dangers associated with regulations, platforms, and more.