Bitcoin
BTC$26 246.05

0.36%

Ethereum
ETH$1 593.83

0.66%

Tether
USDT$0.999487

-0.01%

Binance Coin
BNB$211.72

0.08%

XRP
XRP$0.503310

-0.20%

USD Coin
USDC$1.000273

0.03%

Tether (USDT) Price, Market Cap and Information


Tether (USDT) Buy Tether Now
Tether (USDT) Blockchain has numerous advantages over traditional financial technologies, as it offers cheap, fast and unlimited transactions without intermediaries...
CVIX 1
Current price $0.999487
Change 24h -0.01%
Change 7d -0.07%
Market Cap $83 224 164 781
Available supply 83 266 848 433 USDT
Volume 24h $21 452 483 376
Updated Wednesday, September 27, 2023 7:00:05PM UTC
Nature Token
Mineable No
Discussion
WWW Website

Tether price change 24 hours

Tether Short Term Forecast

After Price Change
1 day $0.998784 -0.07%

Tether Price Predictions

Tether General Information

General USDT facts, technical details and Tether Cryptocurrency information

The Tether project was initiated in 2015 by the Bitfinex exchange. The main goal was the exchange of real dollars for digital currency avoiding bureaucratic difficulties in bidding, as well as barriers and bans on converting fiat to cryptocurrency. Then, the "digital dollar" was listed by the largest cryptocurrency exchange Poloniex. Traders were advised to use this option as a simplified way to switch from electronic fiat currency to digital money. Many currencies began to trade in pairs with the digital dollar.

The Tether platform is based on the Bitcoin blockchain using the Mastercoin / Omni algorithm and has all the basic characteristics of cryptocurrency. However, its implementation is controversial among users and analysts. The project provides an opportunity to convert any national fiat currency into a digital analogue at the 1:1 ratio. The exchange marker of the selected currency will receive the letter T added at the end. Users will eventually be able to quickly enter real fiat money into trading with digital currencies.

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.

Tether Historical Data – 10 days

Date Open, $ Min, $ Max, $ Market cap, $
Sep 18 1.000355 1.000041 1.000429 83 059 873 061
Sep 19 1.000354 1.000029 1.000508 83 106 915 343
Sep 20 1.000190 1.000000 1.000289 83 165 804 382
Sep 21 1.000148 0.999827 1.000178 83 189 382 445
Sep 22 0.999966 0.999791 1.000326 83 192 022 295
Sep 23 1.000054 0.999952 1.000249 83 214 333 179
Sep 24 1.000111 1.000023 1.000211 83 215 266 531
Sep 25 1.000138 0.999603 1.000138 83 188 021 283
Sep 26 0.999733 0.999541 1.000388 83 189 973 614
Sep 27 0.999611 0.999217 0.999960 83 224 164 781

USDT/USD Price Charts

USDT to USD price chart – 7 days
USDT to USD price chart – 30 days
USDT to USD price chart – 60 days
USDT to USD price chart – 6 months

* Crypto Rating accepts no liability for any errors in the Tether information, USDT Prices and USDT's Market Cap. For the most up-to-date prices please visit the Tether's official website.

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 93.2% 4 $26 246.05 0.36% -3.43% $511 734 085 488 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 90% 6 $1 593.83 0.66% -2.38% $191 632 513 294 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94.8% 1 $0.999487 -0.01% -0.07% $83 224 164 781 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 92.4% 4 $211.72 0.08% -2.04% $32 571 718 390 BNB 7 days price change
5 XRP (XRP) XRP XRP predictions 92% 8 $0.503310 -0.20% -3.37% $26 832 642 795 XRP 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 95.6% 1 $1.000273 0.03% 0.02% $25 522 808 716 USDC 7 days price change
7 Lido stETH (STETH) STETH Lido stETH predictions 90.8% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
8 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 88% 16 $0.084838 0.99% 0.17% $8 625 977 192 WTRX 7 days price change
9 Cardano (ADA) ADA Cardano predictions 90% 9 $0.243917 -0.07% -4.68% $8 568 448 261 ADA 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 94% 6 $0.060472 0.42% -3.43% $8 537 607 818 DOGE 7 days price change
11 Solana (SOL) SOL Solana predictions 85.2% 23 $18.91 -1.18% -6.86% $7 807 388 894 SOL 7 days price change
12 TRON (TRX) TRX TRON predictions 84.4% 20 $0.085113 0.64% 0.41% $7 583 242 853 TRX 7 days price change
13 Toncoin (TON) TON Toncoin predictions 58% 86 $2.15 0.87% -11.29% $7 362 786 595 TON 7 days price change
14 Dai (DAI) DAI Dai predictions 92% 1 $0.999873 0.06% 0% $5 347 208 180 DAI 7 days price change
15 Polkadot (DOT) DOT Polkadot predictions 89.6% 16 $4.00 -0.01% -3.39% $4 935 973 005 DOT 7 days price change

News, Promo

USDT
Tether commercial paper exposure now under $50M

Tether is also looking to become more transparent, having hired a new accounting firm to conduct regular audit and attestation reports to ensure its stablecoin is properly backed by USD...

05 Oct 2022
USDT
How "Stable" Really Are Stablecoins?

Over the past month, some major stablecoins completely lost their peg with the U.S. Dollar, raising concerns amongst investors about their safety. Stablecoins are designed...

01 Jul 2022
USDT
Tether aims to decrease commercial paper backing of USDT to zero

Tether expects to reduce USDT’s commercial paper backing to $8.4 billion by the end of June 2022 and eventually completely remove it. The major stablecoin company...

16 Jun 2022
USDT
Tether’s attestation report shows commercial paper holdings cut by 21%

USDT stablecoin issuer Tether has now revealed a reduction in commercial paper holdings in its latest attestation report released on February 21. Audit company MHA Cayman...

25 Feb 2022
USDT
Tether reveals plans to make Lugano the Bitcoin capital of Europe

USDT stablecoin issuer Tether is planning to transform Lugano, the ninth-largest city of Switzerland, into the crypto capital of Europe. Announcing the news...

22 Feb 2022
USDT
USDT is minted for crypto as $1M bounty offered to unpick reserves

Hindenburg Research is offering a $1 million bounty for information on Tether’s reserves, with the firm stating that Tether is yet to disclose virtually anything...

20 Oct 2021

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