How many Tether coins are in circulation?

The current circulation of Tether (USDT) is 135,120,154,203 pieces, and the circulation will increase with market demand. USDT is a stable currency that anchors the value of one USDT to one US dollar. It is widely used in cryptocurrency exchanges and financial services as a medium of exchange and store of value. The issuance and management of USDT is regulated in multiple jurisdictions, but its operations have also caused controversy and litigation.

Tether issuance

The current total issuance of Tether (USDT) is 135,120,154,203 pieces (As of February 14, 2023).

Issuance Growth

The issuance of USDT will increase over time because TEDA Co., Ltd. will issue new USDT based on market demand. New USDT is minted when a user exchanges fiat currency to TEDA Co., Ltd.

Stablecoin Mechanism

USDT is a stablecoin designed to connect the cryptocurrency market with the fiat currency market. It achieves stability by anchoring the value of one USDT to one US dollar. TEDA Co., Ltd. holds legal currency reserves equivalent to the amount of USDT in circulation to ensure the stability of the value of USDT.

Uses

USDT is widely used in cryptocurrency exchanges and other financial services as a medium of exchange and store of value. It is also used to stabilize the prices of other cryptocurrencies and provide quick access to fiat currencies.

Regulation

The issuance and management of USDT is regulated in multiple jurisdictions. TEDA Co., Ltd. claims that it complies with all applicable laws and regulations and is regularly audited by independent accounting firms. However, the operation of USDT has also caused controversy and litigation.

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