How much USDT coins can be mined in a day?

Contrary to popular belief, USDT is not mined like other cryptocurrencies such as Bitcoin or Ethereum. Stablecoins like USDT are designed to maintain a stable value, typically pegged to a fiat currency like the US dollar. This stability makes them unsuitable for mining, as their value doesn't fluctuate significantly like mineable cryptocurrencies.

Tether Limited, a company headquartered in the British Virgin Islands, is the central authority responsible for issuing, redeeming, and managing the supply of USDT. Unlike Bitcoin, which relies on a decentralized network of miners to create new coins, Tether Limited has the exclusive power to mint or burn USDT based on market demand.

Tether Limited maintains USDT's price stability by holding reserves of fiat currencies and other liquid assets. These reserves are intended to fully back the circulating supply of USDT, ensuring that each USDT can always be redeemed for approximately $1. When the demand for USDT increases, Tether Limited mints new coins and adds them to the circulating supply. Conversely, if demand decreases, Tether Limited burns USDT, reducing the circulating supply and maintaining the $1 peg.

USDT plays a crucial role in cryptocurrency trading, providing liquidity and stability to the market. Traders often use USDT as an intermediary currency, converting their cryptocurrencies into USDT before exchanging them for other coins. This helps minimize the risk of volatility and allows for more efficient trading.

Despite the fact that USDT is not mineable, there have been cases where unauthorized third parties have attempted to create their own "USDT" tokens. These counterfeit tokens are not backed by Tether Limited and have no value. Users should only use USDT issued by Tether Limited and be cautious of any unauthorized mining attempts.