|Tether (USDT)||Buy Tether Now|
|Blockchain has numerous advantages over traditional financial technologies, as it offers cheap, fast and unlimited transactions without intermediaries...|
|Change 7d||-0.23%||Market Cap||$79 077 698 544|
|Available supply||79 022 291 663 USDT|
|Volume 24h||$22 659 528 070|
|Updated||Sunday, March 26, 2023 7:00:07PM UTC|
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.
|Date||Open, $||Min, $||Max, $||Market cap, $|
|Mar 17||1.002157||1.001074||1.002967||75 393 912 119|
|Mar 18||1.002335||1.002013||1.003411||76 388 634 738|
|Mar 19||1.001981||1.001941||1.003086||76 438 662 382|
|Mar 20||1.002443||1.001605||1.003502||76 257 908 844|
|Mar 21||1.002357||1.000239||1.002828||76 921 809 347|
|Mar 22||1.001633||1.000309||1.002522||77 566 593 540|
|Mar 23||1.002162||1.001083||1.002827||78 156 143 577|
|Mar 24||1.000774||1.000706||1.001232||78 560 083 631|
|Mar 25||1.001312||1.000725||1.001449||79 083 606 778|
|Mar 26||1.000749||1.000636||1.000969||79 077 698 544|
* 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.
|#||Crypto||Prediction||Accuracy||CVIX||Price||24h||7d||Market Cap||7d price change|
|1||BTC||Bitcoin predictions||67.2%||61||$27 827.13||1.19%||-1.41%||$537 868 680 168|
|2||ETH||Ethereum predictions||73.2%||45||$1 767.63||1.39%||-2.96%||$216 311 335 394|
|3||USDT||Tether predictions||91.2%||1||$1.000701||-0.02%||-0.23%||$79 077 698 544|
|4||BNB||Binance Coin predictions||69.6%||55||$327.72||1.73%||-3.47%||$51 743 768 515|
|5||USDC||USD Coin predictions||92.8%||2||$0.999827||0%||-0.02%||$33 886 286 193|
|6||XRP||XRP predictions||83.2%||31||$0.446577||-3.04%||13.10%||$22 753 511 437|
|7||HEX||HEX predictions||60.4%||82||$0.084139||-6.16%||-3.23%||$14 590 702 808|
|8||ADA||Cardano predictions||75.6%||39||$0.355862||0.71%||1.72%||$12 359 438 439|
|9||STETH||Lido stETH predictions||96%||1||$2 941.39||-0.40%||-3.32%||$10 258 752 564|
|10||MATIC||Polygon predictions||78%||45||$1.095244||0.67%||-9.12%||$9 945 329 040|
|11||DOGE||Dogecoin predictions||74.4%||42||$0.074422||0.07%||-2.38%||$9 873 616 140|
|12||SOL||Solana predictions||76%||46||$20.94||1.78%||-5.87%||$8 037 086 883|
|13||BUSD||Binance USD predictions||93.2%||1||$0.999684||-0.01%||-0.10%||$8 021 813 679|
|14||DOT||Polkadot predictions||75.6%||39||$6.02||1.08%||-8.38%||$7 046 355 080|
|15||LTC||Litecoin predictions||70.8%||57||$93.32||1.91%||8.83%||$6 772 424 245|
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...
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...
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...
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...
USDT stablecoin issuer Tether is planning to transform Lugano, the ninth-largest city of Switzerland, into the crypto capital of Europe. Announcing the news...
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...
Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.
© 2015-2023 Crypto-Rating.com
The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.