Tether is the company behind USDT, the largest and most-traded stablecoin in crypto, available across many blockchains and used as core market liquidity. Tether also issues other tokens (e.g. gold-backed XAUT) and invests broadly. It is a stablecoin issuer, not a trading exchange; its reserves and transparency have long been debated.
Key Facts
| Item | Details |
|---|---|
| Type | Stablecoin issuer (USDT) |
| Token | USDT (largest stablecoin) |
| Chains | Many |
| Other | XAUT, investments |
| Trading | Not an exchange |
Pros & Cons
Pros
- Largest, most-liquid stablecoin
- Available across many chains
- Core market liquidity
- Highly profitable issuer
Cons
- Long-debated reserve transparency
- Regulatory scrutiny in some regions
- No public market-data API for aggregation
Summary
Tether issues USDT, the backbone stablecoin of crypto liquidity. Indispensable to markets, though its reserves and transparency remain debated. An issuer, not an exchange.