Yes. The Tether platform is transparent. All Tether tokens in circulation are 100% backed by Tether’s reserves.
Tether token (USDT) was launched in 2014, pioneering the stablecoin model and is the most widely traded stablecoin.
Tether tokens are assets that can be transferred on the blockchain as easily as other digital currencies, but are pegged 1-to-1 to real-world currency.
Tether tokens are digital tokens built on multiple leading blockchains, including Algorand, Celo, Cosmos, Ethereum, EOS, Liquid Network, Solana, Tezos, Ton, and Tron.
Tether tokens make it easy for businesses including exchanges, wallets, payment processors, financial services, and ATMs to use fiat currencies on the blockchain. Some of the largest businesses in the digital currency ecosystem have already integrated Tet
Tether supports the U.S. dollar (USD), Mexican peso, offshore Chinese yuan, and gold, and its Tether tokens are: USDT, MXNT, CNHT, and XAUT.
Tether tokens are created by multiple Tether private keys signing and broadcasting a creation transaction on a specific blockchain.
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