Tether (FA2) to USD price chart

Price

$1.001

Market cap

$65,955,273,938

24h change

0.12%

What is Tether (FA2) USDT

Tether (FA2) is the first cryptocurrency stablecoin, that’s pegged to a traditional fiat currency — U.S. dollar. Tether’s issuer claims that USDT is backed by bank reserves and loans which match or exceed the value of USDT in circulation, so it’s designed to maintain 1:1 ratio with the U.S. dollar. Despite a number of legal disputes concerning the declared fiat reserves, USDT remains the most popular stablecoin used in the ecosystem and is the largest stablecoin by circulation and market capitalization.

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