Tether Tether is an asset-backed cryptocurrency that was launched by Tether Limited Inc. in 2014. As of July 2022, Tether has minted the USDT stable coin on ten protocols and blockchains. It was originally designed to be valued at $1.00, with Tether Ltd maintaining USD $1 of asset reserves for each coin issued. In 2012, J.R. Willett published a whitepaper which described the possibility of building new cryptocurrencies on top of the Bitcoin blockchain. He helped implement this idea in the cryptocurrency Mastercoin, which had an associated Mastercoin Foundation (later renamed the Omni Foundation). The precursor to Tether, originally named "Real coin", was announced in July 2014 by co-founders Brock Pierce, Reeve Collins, and Craig Sellers as a Santa Monica based startup. The first tokens were issued on 6 October 2014, on the Bitcoin chain using the Omni Layer Protocol. click here to see you what is tether price now ...