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Launched in 2014, Tether tokens (USD₮) pioneered the stablecoin model and are the most widely traded tokens. Tether tokens combine the stability and simplicity of fiat currencies with the innovation of blockchain technology, offering the best of both worlds.
Tether tokens are built on multiple blockchains, making them easy to integrate and adopt. Supported blockchains include Algorand, Avalanche, Bitcoin, Ethereum, EOS, Kava, Polka, Polygon, Solana, TRON, and Tezos.
All Tether tokens are pegged 1:1 to the corresponding fiat currency (e.g., 1 USD₮ = 1 USD) and are 100% backed by Tether’s reserves. The reserves equal or exceed the amount required to redeem all Tether tokens in circulation.
Tether maintains world-class standardized compliance measures covering Anti-Money Laundering (AML), Combating the Financing of Terrorism (CFT), sanctions, and Know Your Customer (KYC) laws and regulations.