Realcoin is announced
Brock Pierce, Reeve Collins, and Craig Sellars introduce Realcoin: a dollar-backed token built on the Mastercoin / Omni protocol on top of Bitcoin. The idea: put the dollar on-chain — one Realcoin should equal one US dollar.
Realcoin
The coin
Memecoin · the discarded name
Before Tether became Tether, the project was named Realcoin. This coin takes back the name the founders chose in 2014 — and then threw away.
July 2014
Brock Pierce, Reeve Collins, and Craig Sellars introduce Realcoin: a dollar-backed token built on the Mastercoin / Omni protocol on top of Bitcoin. The idea: put the dollar on-chain — one Realcoin should equal one US dollar.
The first units are minted on the Bitcoin blockchain via Omni. Technically, this is already the core of what later becomes USDT and dominates crypto liquidity.
CEO Reeve Collins announces that Realcoin is now Tether. The reason: they didn’t want to sound like just another altcoin. “Tether” was meant to describe a digital tie to a real-world currency — to tether means to bind or fasten.
Bitfinex lists USDT. The original name disappears from the brand. Tether becomes the liquidity engine of crypto. Realcoin is left as a footnote — until this memecoin opens it again.
“We’re not an altcoin, we’re not our own blockchain. We’re a service, a token that represents dollars.”Reeve Collins, CEO, on rebranding Realcoin to Tether · CoinDesk, November 20, 2014
The meme
In 2014, “Realcoin” sounded like one more coin among many. So they renamed it — away from the word coin, toward a verb that promised stability.
The joke sits right there: the token that would later move hundreds of billions was not allowed to be called Realcoin. This memecoin takes the discarded name back — with no peg, no reserve claim, and no pretence of being Tether.
Holder rewards
A 3% transfer tax is taken on every transfer and distributed to holders automatically.
You earn USDT as a holder — the same as everyone else. There is no separate creator fee.
The coin
Realcoin is a memecoin and not a stablecoin. It is not affiliated with Tether Limited, USDT, or the original founders. Crypto is volatile — only use money you can afford to lose. This is not financial advice.