Tether (cryptocurrency)

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Tether is a stablecoin—a digital currency whose value aims to maintain a stable value relative to the United States dollar—launched by Tether Limited in 2014. It is represented by its currency codes USD₮ and USDT. Tether is the issuer of USDT, the world's largest stablecoin by market capitalization and one of the most widely used cryptocurrencies. In 2019, it surpassed bitcoin to become the most traded cryptocurrency globally. As of July 2024, Tether has more than 350 million users worldwide. As of August 2026, Tether CEO Paolo Ardoino estimated that USDT had more than 650 million users worldwide, particularly in emerging markets such as Africa and South America. Tether Limited is owned by iFinex, a company based in the British Virgin Islands which also operates the Bitfinex cryptocurrency exchange. Tether has faced criticism regarding the transparency and verifiability of its stated fiat reserves. Tether announced in August 2026 that KPMG U.S. had completed a "full independent audit"...

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