|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:||Monday, June 24, 2019 11:57:15AM UTC|
|Current price, USD:||$0.997|
|Current price, BTC:||0.0000917|
|Market capitalization, USD:||$3 522 114 630|
|Available supply:||3 532 324 467 USDT|
|Volume 24 hours, USD:||$20 548 445 183|
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 24||0.996||0.996||0.999||3 522 114 630|
|Jun 23||0.996||0.994||0.998||3 516 529 558|
|Jun 22||1.005||0.996||1.005||3 518 740 584|
|Jun 21||0.999||0.999||1.005||3 573 037 046|
|Jun 20||1.004||0.996||1.004||3 548 510 405|
|Jun 19||1.000||0.999||1.003||3 542 335 636|
|Jun 18||1.004||1||1.006||3 528 265 815|
|Jun 17||1.004||1.003||1.007||3 537 529 367|
|Jun 16||1.006||1.001||1.008||3 479 568 780|
|Jun 15||1.006||1.003||1.008||3 456 234 353|
|USDT price change 24 hours||0.15%|
|USDT price change 7 days||-0.75%|
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, grab coins at a cheaper price, and then ride them back up- all thanks to Tether. USDT works, and it’s verifiably backed by USD. Banks are not 100% banked by assets, so why should USDT be? It’s just the usual market FUD that’s meant to shake out weak hands.
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 losing out because theres always fees when moving to other coins that youre eventually going to land in 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. Their recent partnership with TRX is also another big win, proving their legitimacy and their overall involvement with another huge project. Tether is still better than all the other stablecoins because it is known in the ecosystem, and everything else is just a fad.
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.
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 Winter didn't flush Tether away, it actually made it stronger.
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