|Brief||Blockchain has numerous advantages over traditional financial technologies, as it offers cheap, fast and unlimited transactions without intermediaries. However, the volatility of blockchain-based currencies exchange rates does not allow them to become widespread.|
|Last updated:||Thursday, July 2, 2020 10:00:02PM UTC|
|Current price, USD:||1.000|
|Market capitalization, USD:||9 217 229 379|
|Available supply:||9 187 991 663 USDT|
|Volume 24 hours, USD:||21 397 302 356|
General USDT facts, technical details and general information about Tether crypto currency
Blockchain has numerous advantages over traditional financial technologies, as it offers cheap, fast and unlimited transactions without intermediaries. However, the volatility of blockchain-based currencies’ exchange rates does not allow them to become widespread.
Tether combines the technology of bitcoin with fiat currencies, which allows one to take advantage of blockchain, using a currency backed by the US Treasury or the European Central Bank. According to Reeve Collin, the project’s CEO, Tether converts the dollar into digital form and transfers this digital dollar to the blockchain.
The Tether platform allows one to convert the US dollar, euro or Japanese yen into the corresponding Tether tokens. Tether coins are 100% backed up with fiat currencies on the accounts of the company, which remain completely transparent and audited to guarantee full compliance with the declared reserves. Tether can be exchanged for the respective currencies using the platform at any time.
Tether uses the mastercoin / omni protocol to create tokens. Thanks to Omni, Tether transactions are hashed and passed through Bitcoin blockchain, where they are checked by Bitcoin-miners along with other transactions.
Transfers between Tether wallets are completely free.
For many ideological fans of Bitcoin Tether is too similar to a fiat currency – and not because of its link to the dollar. Tether is also centralized, requires permission to use and depends on the users' trust in an organization – which is the opposite to the principles on which bitcoin is based.
We list daily Tether historical data for the past 10 days
|Date||Open, $||Min, $||Max, $||Market cap, $|
|Jun 23||0.998||0.992||1||9 216 422 879|
|Jun 24||1.000||0.999||1||9 194 915 359|
|Jun 25||1.000||0.993||1||9 209 392 053|
|Jun 26||1.000||0.999||1||9 183 793 528|
|Jun 27||0.999||0.999||1.01||9 232 667 671|
|Jun 28||1.000||1||1.01||9 230 077 417|
|Jun 29||1.000||0.999||1||9 206 388 621|
|Jun 30||1.000||0.999||1.01||9 187 608 302|
|Jul 01||1.000||0.999||1||9 196 668 059|
|Jul 02||1.000||1||1.01||9 217 229 379|
|USDT price change 24 hours||0.12%|
|USDT price change 7 days||0.24%|
Ah, the usual Load the Tether FUD. We experience Tether FUD every single time the market looks bullish, so it comes as no great surprise that suddenly Bitfinex is having troubles with the NY AG. It’s easy when these events happen, you just sell,...
K1ethus May 19, 2020 USDT
USDT is my preferred trading coin. I never trade crypto to crypto. I only mess with USDT because its the next best thing to cash. I trade from BTC to USDT because I make sure to take profits asap. If you aren’t trading crypto to USDT, then you’re...
Tom April 14, 2019 USDT
It's really good to see Tether back on their feet. There was a long time that there was a solid amount of doubt hanging over their coin, but it seems after proving that they do in fact have money in their bank accounts they can continue as normal....
Ken March 25, 2019 USDT
Well, Tether found a new avenue to get hype around it again. Partnering with TRON was a mega move on their part. I can't believe other projects haven't thought about doing this. Tether and TRON are going to moon from this partnership....
Jurg March 7, 2019 USDT
Like most, I think Tether is holding the market back. It's been tainted by too many controversies and we need a reset. There are many legitimate stablecoins out there and I don't understand why Tether holds so much sway in the market still. Crypto...
johnny February 24, 2019 USDT
|Price, USD||24h||7 days|
|UNUS SED LEO||1.250||-0.56%||4.30%|
We publish the most accurate Tether Forecasts and News including crypto industry experts' opinion on a daily basis