Tether (USDT): Price, Charts and Market Cap

Tether Tether website
Symbol USDT
Nature Token
Brief Blockchain has numerous advantages over traditional financial technologies, as it offers cheap, fast and unlimited transactions without intermediaries...
Discussion https://tether.to/
Last updated: Wednesday, September 30, 2020 10:00:02AM UTC
Crypto Volatility Index (CVIX): 1
Current price, USD: 1.00
Market capitalization, USD: 15 467 684 896
Available supply: 15 460 539 837 USDT
Volume 24 hours, USD: 36 501 643 545
Mineable No

Tether general information

General USDT facts, technical details and general information about Tether crypto currency


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.

Historical data for Tether

We list daily Tether historical data for the past 10 days

Date Open, $ Min, $ Max, $ Market cap, $
Sep 21 1.00 1.00 1.00 15 214 252 964
Sep 22 1.00 1.00 1.00 15 227 233 989
Sep 23 1.00 1.00 1.00 15 210 971 622
Sep 24 1.00 1.00 1.00 15 223 541 425
Sep 25 1.00 1.00 1.00 15 256 134 841
Sep 26 1.00 1.00 1.00 15 301 537 445
Sep 27 1.00 1.00 1.00 15 373 120 211
Sep 28 1.00 1.00 1.00 15 409 299 044
Sep 29 1.00 1.00 1.00 15 473 128 557
Sep 30 1.00 1.00 1.00 15 467 684 896

USDT/USD Exchange Rates


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

Tether

Tether (USDT) price change (24h)

USDT price change 24 hours -0.07%
USDT price change 7 days -0.04%

Tether (USDT) Short Term Forecast

After Price Change
1 day $1.00 0%
1 week
1 month
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1 year
Tether Price Prediction

Tether Comments & Reviews

The SEC wants to clarify how banks operate with stablecoins. The Commercial Banking Regulatory Commission (OCC) and the Securities and Exchange Commission (SEC) have presented their guidance that clarifies how national banks interact with stable...

DobbiezSock   September 26, 2020   USDT


Tether surpassed Bitcoin in terms of value transferred in a week. The seven-day moving average of the transferred value in the leading stablecoin was $ 3.55 billion versus $ 2.94 billion for bitcoin. The main factor behind the change of leader in...

Copernicus8394   August 28, 2020   USDT


Tether has pumped up the cryptocurrency market again with billions of dollars. According to the Messari service, at the end of last week, the capitalization of the largest stablecoin Tether (USDT) exceeded $ 12.7 billion. Another capital inflow...

TheSmartest   August 18, 2020   USDT


With incentives from central banks and positive dynamics in the stock and precious metals markets, cryptocurrencies are gaining their share of interest. There will probably be speculative targets again when it comes to volatile coins, but there are...

Nilssson   August 6, 2020   USDT


It is highly likely that stablecoins will soon attract the attention of regulators. If bitcoin was a "project in itself", and its price soared to $20K was quite easy to cut at times, then stablecoins are already playing on the territory of...

Fromouttaspace   July 30, 2020   USDT


Tether Reviews

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Сryptocurrency CVIX Price Change, 24h
Bitcoin 21 $10 685.71 -0.49%
Ethereum 42 $354.53 -0.31%
Tether 1 $1.00 -0.07%
XRP 30 $0.239750 -1.48%
Bitcoin Cash 32 $227.03 0.08%
Binance Coin 63 $28.14 1.47%
Polkadot 50 $4.33 -4.42%
Chainlink 77 $9.74 -4.41%
Bitcoin SV 37 $174.46 3.72%
Crypto.com Chain 44 $0.151960 -0.86%
Cardano 51 $0.097392 -5.15%
Litecoin 42 $45.93 0.50%
USD Coin 1 $1.00 0.02%
EOS 46 $2.57 -0.48%
TRON 78 $0.025787 -1.89%

Rating

Tether News & Forecasts

We publish the most accurate Tether Forecasts and News including crypto industry experts' opinion on a daily basis