Bitcoin
BTC$23 363.14

-0.03%

Ethereum
ETH$1 868.52

1.92%

Tether
USDT$0.999977

-0.01%

USD Coin
USDC$0.999951

0.01%

Binance Coin
BNB$303.33

-1.00%

XRP
XRP$0.378717

0.24%

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 $0.999977
Change 24h -0.01%
Change 7d -0.04%
Market Cap $67 547 880 122
Available supply 67 549 462 654 USDT
Volume 24h $41 246 409 932
Updated Thursday, August 18, 2022 11:00:04PM UTC
Nature Token
Mineable No
Discussion
WWW Website

Tether price change 24 hours

Tether Short Term Forecast

After Price Change
1 day $0.999703 -0.03%

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, $
Aug 09 1.000132 1.000132 1.000229 66 488 432 007
Aug 10 1.000185 1.000179 1.000481 66 532 905 489
Aug 11 1.000250 1.000250 1.000446 66 782 395 648
Aug 12 1.000393 1.000281 1.000431 66 923 048 145
Aug 13 1.000321 1.000260 1.000535 67 060 891 611
Aug 14 1.000340 1.000246 1.000365 67 301 976 092
Aug 15 1.000263 1.000153 1.000304 67 427 413 864
Aug 16 1.000168 1.000065 1.000280 67 574 051 646
Aug 17 1.000132 1.000052 1.000132 67 570 257 100
Aug 18 1.000079 0.999977 1.000103 67 547 880 122

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 87.2% 11 $23 363.14 -0.03% -2.65% $446 823 684 066 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 75.2% 54 $1 868.52 1.92% -0.51% $227 993 947 896 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94.4% 1 $0.999977 -0.01% -0.04% $67 547 880 122 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 95.6% 1 $0.999951 0.01% 0.01% $52 853 692 355 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 70.4% 61 $303.33 -1.00% -6.38% $48 938 685 508 BNB 7 days price change
6 XRP (XRP) XRP XRP predictions 89.2% 10 $0.378717 0.24% -0.28% $18 700 123 577 XRP 7 days price change
7 Binance USD (BUSD) BUSD Binance USD predictions 92% 1 $0.999950 0.02% 0.01% $18 538 747 093 BUSD 7 days price change
8 Cardano (ADA) ADA Cardano predictions 84.8% 27 $0.528389 -1.39% -0.64% $17 930 371 507 ADA 7 days price change
9 Solana (SOL) SOL Solana predictions 80.8% 32 $40.86 0.98% -4.45% $14 252 057 103 SOL 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 84.8% 29 $0.077619 -3.50% 9.27% $10 297 802 123 DOGE 7 days price change
11 Lido stETH (STETH) STETH Lido stETH predictions 92.8% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
12 HEX (HEX) HEX HEX predictions 70.4% 62 $0.055681 -5.02% -9.31% $9 655 716 850 HEX 7 days price change
13 Polkadot (DOT) DOT Polkadot predictions 75.2% 51 $8.39 -0.08% -8.83% $9 297 483 290 DOT 7 days price change
14 SHIBA INU (SHIB) SHIB SHIBA INU predictions 76.4% 44 $0.000014 -4.14% 15.33% $7 806 235 316 SHIB 7 days price change
15 Polygon (MATIC) MATIC Polygon predictions 82% 24 $0.893855 1.02% -2.98% $7 188 492 292 MATIC 7 days price change

News, Promo

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
USDT
Tether fires back against report it is using reserves for investments and making crypto-backed loans

If those loans fail, even a small percentage of them, one Tether would become worth less than $1, said Bloomberg reporter Zeke Faux. Tether (USDT), the largest stablecoin...

08 Oct 2021

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