As binance supports Tether, i’d like confirmation which blockchain is Tether on?? Any binancians know??
As far as I understood it was on the Omni chain which only has a market cap of $1 220 843 USD .
Also the Omni website is quite shocking if it is supposed to be the same company that Tether is built on?
[http://www.omnilayer.org/](http://www.omnilayer.org/)
no HTTPS??…strange looking site, hides the http:// when going to the site it only starts with www.
Then the ‘meet the team’ blurry photos?
Is Tether built on another Omni?? For a company worth over 2Billion I sure hope so?
**Tether Blockchain Background**
First, a primer on how Tether’s blockchain works: Tether is a token issued on the Omni Layer (“Mastercoin” to old-school blockchain enthusiasts), a platform that enables the creation of new assets on the Bitcoin blockchain.
Every Omni transaction (and thus Tether transaction) is recorded in a Bitcoin transaction sharing the same transaction hash. For example, this BTC [transaction](https://blockchain.info/tx/233b9b6ffdead31bb712e36e9357a8f4559c7d42e609228b6a9ec028506e6c3a) is actually the sending of 50,000 USDT .
To date, Tether has [“issued” 2.22 billion USDT tokens](https://blockspur.com/tether/trends/supply) on the Omni network. (Separately, Tether has also “authorized” 60M USDT [ERC20 tokens](https://etherscan.io/token/0xdac17f958d2ee523a2206206994597c13d831ec7) on the Ethereum network.)
While other coins do run on Omni, Tether is the largest tenant by far, with over [75% of Omni’s transactions ever](https://blockspur.com/tether/omni) and [over 95% of its transactions](https://blockspur.com/tether/omni) in January. At this point, Omni is effectively a Tether blockchain.
See link for the rest of the story [https://hackernoon.com/a-closer-look-at-tethers-blockchain-5c3032328e52](https://hackernoon.com/a-closer-look-at-tethers-blockchain-5c3032328e52)
It is on the Bitfinex blockchain