The safety of Tether has been the subject of debate. While Tether Ltd. claims to have reserves that fully back the USDT in circulation, the company has faced criticism for a lack of transparency in its audits. Despite this, Tether has greatly improved this situation and has shown strong resilience in critical market moments, which provides confidence and security in its use.

Tether (USDT) is a stablecoin, a cryptocurrency whose value is linked to the value of a stable asset, in this case the US dollar. It is assumed that 1 USDT is equal to 1 USD. Tether Ltd. issues USDT and claims to back each token with equivalent US dollar reserves.

Tether was founded by Brock Pierce, Reeve Collins and Craig Sellars.

Market dominance: USDT is the stablecoin with the highest market capitalisation and trading volume.Widespread adoption: It is widely accepted on cryptocurrency exchange platforms and used in various use cases.Controversies: It has faced more controversies and regulatory scrutiny compared to other stablecoins like USDC. The latest is its reluctance to obtain a licence to comply with MiCA in Europe.

The all-time high price of USDT was $1.22 USD (€1.14), reached on 25th February 2015. Remember that this token is pegged to the dollar, so its value is not as volatile or explosive compared to other tokens and cryptocurrencies.

The USDT market refers to all transactions of buying, selling and exchanging USDT on different cryptocurrency exchange platforms. It is one of the largest and most liquid cryptocurrency markets, in fact, it is the largest market in terms of daily trading volume, all because USDT acts as a bridge between cryptocurrencies and fiat currencies.

The historical minimum price of USDT was $0.60 (€0.531), reached on 2nd March 2015.

Both are stablecoins with a value pegged to the US dollar, but there are differences in terms of transparency and trustworthiness:For example, USDT has been criticised for a lack of transparency in its reserves, plus it has faced controversy and fines from regulators.Circle's USDC, on the other hand, issues regular audit reports by reputable firms, and is more trusted for its transparency and regulatory compliance, which can be seen in its acceptance and MiCA operating licence to operate in Europe, something USDT does not have.While USDC is generally considered more trustworthy, the choice depends on the risk tolerance of each user.

Tether Limited is the company responsible for issuing and managing the Tether cryptocurrency (USDT).

Cryptocurrency Trading: Facilitates the buying and selling of other cryptocurrencies without the need to convert to fiat currencies.

Hedging against volatility: Allows buyers to protect themselves from the volatility of the cryptocurrency market by maintaining their value in a stable currency.

Remittances and international payments: Provides a fast and cost-effective way to send and receive payments globally.