- 2023 Oct 17
Tether tokens are represented as digital assets supported by various prominent blockchain networks, including Algorand, Avalanche, Bitcoin Cash’s Simple Ledger Protocol (SLP), Ethereum, EOS, Liquid Network, Omni, Polygon, Tezos, Tron, Solana, Kava, and Statemine. These communication protocols are based on open-source software that interfaces with blockchain systems to enable the creation and redemption of Tether tokens. It’s important to note that each Tether token is fully collateralized by Tether’s reserves. In line with its commitment to transparency, Tether regularly discloses the current status of its reserve assets
How Is the Tether Network Secured?
USDT does not function on its own blockchain; rather, it operates as a secondary token layer atop various other blockchain platforms, including Bitcoin, Ethereum, EOS, Tron, Algorand, Bitcoin Cash, OMG, and is safeguarded by the distinctive hashing algorithms specific to each of these underlying networks.