What is Tether (USDT)?

Tether is a stable coin, meaning that its value closely follows that of a real-world currency. 1 Tether is always worth 1 US Dollar. This makes it a very useful crypto currency to do everyday transactions with, because it doesn’t fluctuate in price. Tether is the largest stable coin by market capitalization.
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USDT
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Cryptohunt's Opinion

Our take on Tether

Tether is likely much less stable than the creators would like you to think. Tether has been sued by multiple US government agencies for allegedly misrepresenting how much they actually hold in reserve. That means the company could run out of money if many people want to exchange Tether back to cash. But we like the versatility of Tether as a payment method. It has the ability to operate on multiple different blockchains at the same time, including Bitcoin, Ethereum or Solana. That means payments work between blockchains, which is like sending money from your Paypal to a friend’s Venmo.
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How do you feel about Tether?

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Listen to "What makes Tether special?"
Learn about one of the most popular stable coins, Tether, and the controversy around it · 2 mins
What makes Tether special?
Tether is a powered by, uses to validate transactions, and is. Tether does not support.

Interesting facts about Tether

Here are some facts you may not already know about Tether. Something surprise you? Go ahead, share it!Any fact missing? Contact us.
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Only 3% of Tether is actually backed by cash.

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Tether has been criticized and sued for the company's intransparency about the assets that actually back it.

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Tether is the largest stable coin and widely used to send money around.

Tether reviews from the cryptohunt community

Dive deeper into the different opinions about Tether and learn how others feels about it.
Tether
Negative review
Review author avatar
Arndt
4 mo. ago

I wouldn't park my money in Tether. The company is really shady about telling everyone how "stable" those investments actually are. Do yourself a favor and check out the Wikipedia article for another source. There are a bunch of alternatives out there. USDC comes to mind, which is fully backed by cash and audited. Or if you care about minimal transaction costs, Celo USD.

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Tether price and insights

See how much Tether is worth and learn from other insightful metrics
No value
-0% past 1 week
24H30D
Community Reviews
Based on 1 community reviews
0% feel totally fine about Tether today
0% think this is a great investment
0% believe in the potential
0% say the development team is great
0% say the community is great
Market insights
Market capitalization
Very small
24 hour trading volume
Very small
Market cap % of total
Very small
Project health
# Discord members
-
# Telegram members
-
% of total supply circulating
Very small

What’s the community like?

Community matters for projects like Tether, because an active community drives the development of use cases for a blockchain project. The more people are active, the better to have healthy discussions and create something valuable.
# Discord members
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# Active Discord members
-
# Telegram members
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# Active Telegram members
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