Tether

Tether (USDT) is a blockchain-based stablecoin pegged 1:1 to the U.S. dollar and backed 100% by actual assets in the Tether platform’s reserve account. Tether Limited is owned by Hong Kong-based company iFinex, which also owns Bitfinex. In July 2014, Tether was launched as RealCoin then later rebranded as Tether in November 2014 and went public in February 2015. Tether, which was initially built on the Bitcoin blockchain using the Omni platform is now supported on multi-chains including the Ethereum, TRON, EOS, Algorand, Solana, OMG Network, Polkadot, and Polygon blockchains.