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Tether Tokens exist as digital tokens built on several leading blockchains, including Algorand, Celo, Cosmos, Ethereum, EOS, Liquid Network, Solana, Tezos, Ton, and Tron.
These transport protocols consist of open source software that interface with blockchains to allow for the issuance and redemption of Tether Tokens.
Every Tether token is 100% backed by Reserves, which includes traditional currency, cash equivalents, and other assets, including receivables from loans made by Tether to third parties.
Tether was originally created to use the Bitcoin network as its transport protocol—specifically, the Omni Layer—to allow transactions of tokenised traditional currency.
Tether on the Ethereum blockchain, as an ERC20 token, is a newer transport layer, which now makes Tether Tokens available in Ethereum smart contracts or decentralized applications on Ethereum. As a standard ERC20 token it can also be sent to any Ethereum address.
Since Tether Tokens are currently available using different transport protocols, when users send Tether Tokens to other addresses, they need to carefully check the destination address to confirm they are selecting the correct transport protocol.
Tether supports US dollars (USD), Mexican peso, offshore Chinese yuan, and Gold, with the following Tether Tokens, respectively:USD₮, MXN₮, CNH₮ and XAU₮.
Supported Protocols
Supported Protocols and Integration Guidelines
Transparency
USD₮ in Tether
$153,312,689,046.46
(Net Circulation)