Collins co-founded Tether in 2013, with a very simple idea: users deposit 1 US dollar, and Tether issues 1 on-chain token representing the dollar value.


This design made USDT the most important trading medium in the crypto market, and also helped Tether grow into a giant stablecoin issuer managing approximately 180 billion US dollars in reserves, even ranking among the world's major holders of U.S. Treasury bonds.
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