USDT: what it is and what can be measured

Stablecoin backed by currency reserves, issued by Tether.

A dollar token meant to be worth one US dollar, backed by reserves its issuer reports on. It is the most widely used stablecoin in the world.

How much exists

$183.82 billion in existence worldwide, Read 2 hours ago, from DefiLlama's public stablecoin feed.

Mostly on tron (50.2%), ethereum (40.1%), bsc (5%).

This counts USDT everywhere in the world. A public blockchain does not record which country a holder is in, so 20kobo cannot tell you how much of this is Nigerian, and does not guess.

Why a Nigerian investor might care

Widely discussed in Nigeria as a way to hold dollars. How much of it is held by Nigerians is not something a public blockchain records, and 20kobo does not guess.

Information only, not advice about buying or holding anything.