Tether wallet

Secure your USDT assets

Secure your Tether assets with the most trusted hardware wallet. Cold storage wallets are typically encrypted devices that store users' Tether assets offline, providing a layer of security against the evolving threats emerging from being connected to the Internet.




Discover our wallets

Secure your Tether (USDT)

Secure multiple assets, including Tether using a Ledger Hardware Wallet.
Your private keys, giving access to your assets, remain safe in a certified secure chip.

Ledger Nano S

Ledger Nano S

Protect your Tether assets with the first and only
independently-certified Tether wallet on the market.

Learn more
Ledger Nano X

Ledger Nano X

The Ledger Nano X is a Bluetooth® enabled secure and
CES award winning device that protect your Tether assets

Learn more

How to manage your Tether (USDT)

Praised by our community

Kyle H.

The best device to keep your crypto safe period.

Walter F.

Bought 3 nano-s. Everything just fine. Good product; fast delivery. Thanks!

Corwyn B.

Very easy to set-up and feel st ease that my crypto investments are secured.

Rafael J.

Look no other than here, for a safe cold wallet securing your holdings.

View more

What is Tether (USDT)

Tether is a cryptocurrency stablecoin with its value initially pegged 1:1 to the USD before Tether switched the 100 percent backing to a combination of USD and ‘other assets and receivables from loans made by Tether to third parties’ in March 2019.


Tether (USDT) features

Tether has historically, and continues, to dominate the broader cryptocurrency stablecoin market concerning overall market cap and general usage. Tether Limited issues Tethers (USDTs) and Tether was officially renamed ‘Tether’ from ‘Realcoin’ in November 2014 -- with Realcoin initially distributing the tokens on the Bitcoin blockchain using the Omni Layer Protocol.

The primary goal of Tether is to serve as a fiat alternative in the cryptocurrency markets, particularly exchanges, where skepticism by banks has led to endemic issues in many exchanges maintaining stable banking relationships to access fiat liquidity.

Despite numerous criticisms over the years, Tether has remained a pivotal source of market liquidity for cryptocurrencies as a stable price peg in a market rife with volatility.

Design and Backing

Tether is built using transport protocols on both Bitcoin and Ethereum. According to Tether:

“Since Tether is currently available using two different transport protocols (Bitcoin and Ethereum), when users send tethers to other addresses, they need to carefully check the destination address to confirm whether it is in the standard Bitcoin or Ethereum format and select the correct transport protocol.”

Up until March 2019, Tether was backed by 100 percent reserves of the equivalent fiat peg -- USD or EUR. However, Tether Limited’s lawyer recently claimed that Tethers are backed by 74 percent cash and cash equivalents while the remaining 26 percent is upheld by short-term securities.

Despite the revelations and several instances of speculation on Tether’s full reserves, Tether has maintained parity with its 1 USD price peg for the vast majority of its existence, even during times of turmoil.

At a high level, Tether is what is known as a ‘fiat-collateralized’ stablecoin where a central institution (i.e., Tether Limited) issues and burns the supply based on demand. For example, if Alice holds 100 USDT and wants to redeem them for 100 USD, Tether destroys the corresponding USDT stablecoins and issues 100 USD to Alice.

The model is very straightforward, and firms behind stablecoins generate revenue via the interest accrued from user deposits in their bank reserves that back the supply.

Tether provides a market anchor to fiat currencies, particularly the USD but also others such as the Euro. Because its holders can convert their USDTs for USD at a 1:1 ratio, Tether essentially functions as a much-needed substitute for the often missing fiat liquidity in the crypto markets.

Tether is widely available on almost all of the most popular -- and most liquid -- cryptocurrency exchanges in the world. Interestingly, professional arbitrage plays a critical role in Tether’s ability to scale while remaining stable -- a problem for other forms of stablecoins.

Its circulating supply is currently just under 2.9 billion USDT.

The Market for Stablecoins

Fiat-collateralized stablecoins like Tether have surged in popularity, with a flood of new stablecoins entering the market. The centralized design of Tether is seen as an important hedge against the volatility of crypto assets since the fiat collateral held in reserve will continue to retain its value should the crypto markets collapse.

There is a growing trend towards transparency in the stablecoin market, and Tether’s reserves are published daily to assure investors that the backing of Tethers is at least equivalent to or more than the circulating supply.

KYC process approval is also required to issue and redeem Tethers in USD or EUR.

Stay in touch

Announcements can be found in our blog. Press contact:
[email protected]

Subscribe to our

New coins supported, blog updates and exclusive offers directly in your inbox