| General information | |
|---|---|
| Global rank: | 3 |
| Name: |
Tether USDt |
| Symbol: | USDT |
| Current coin price (MMK): | 2 098.18 K |
| Last hour: | arrow_downward-0.010 % |
| Last 24 hours: | arrow_downward-0.050 % |
| Last 7 days: | -0.030 %trending_down |
| Capitalisation (MMK): | 251 009 983 898 126.88 K |
| Volume 24h (MMK): | 135 765 343 292 390.08 K |
| Available supply: | 119 632 023 784.00 USDT |
| Start date: | 10/06/2014 |
| Tether USDt (USDT) website: | https://tether.to/ |
Tether USDt/Myanma Kyat (USDT/MMK) price chart
Tether USDt/Myanma Kyat (USDT/MMK) capitalisation and volume charts
USDT is a cryptocurrency asset issued on the Bitcoin blockchain via the Omni Layer Protocol. Each USDT unit is backed by a U.S Dollar held in the reserves of the Tether Limited and can be redeemed through the Tether Platform. USDT can be transferred, stored, spent, just like bitcoins or any other cryptocurrency.
USDT and other Tether currencies were created to facilitate the transfer of national currencies, to provide users with a stable alternative to Bitcoin and to provide an alternative for exchange and wallet audits which are currently unreliable. USDT provides an alternative to Proof of Solvency methods by introducing a Proof of Reserves Process.
In the Tether Proof of Reserves system, the amount of USDT in circulations can be easily checked on the Bitcoin blockchain via the tools provided at Omnichest.info, while the corresponding total amount of USD held reserves is proved by publishing the bank balance and undergoing periodic audits by professionals.