Brock Pierce, Craig Sellars, and Reeve Collins initially launched USDT as Realcoin, marking a new era in digital currency.
Reeve Collins, then CEO of Tether, renamed Realcoin to Tether (USDT), establishing a brand that would become synonymous with crypto stability.
Bitfinex exchange became the first platform to list USDT for trading, expanding its reach in the financial markets.
A security breach led to the theft of approximately $31 million in Tether tokens, underscoring the challenges in digital currency security.
Tether's market cap soared above $2.8 billion, illustrating its growing acceptance and utility.
The price of USDT momentarily dipped to $0.88 as traders reacted to rumors of credit risks, showcasing the volatility in the crypto markets.
A significant legal action was taken against Bitfinex and Tether Limited for allegedly concealing a loss of $850 million, highlighting regulatory scrutiny.
The market cap of Tether tokens broke the $10 billion barrier, signaling its dominance in the stablecoin sector.
Bitfinex and Tether Limited agreed to settle with a $18.5 million penalty concerning the $850 million cover-up, marking a pivotal resolution.
USDT's market cap exceeded $50 billion, reflecting its critical role in the global cryptocurrency market.
In the wake of the TerraUSD collapse, USDT briefly fell 5% to $0.95, impacted by market-wide negative sentiments.
Following a law enforcement request, Tether froze over $46 million worth of FTX-owned USDT tokens, demonstrating its compliance capabilities.
USDT reached a monumental $100 billion market cap, cementing its place as a cornerstone of the cryptocurrency landscape.