Swarm Intelligence Set

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: Monday, March 8, 2021 7:00:03PM UTC
Crypto Volatility Index (CVIX): 1
Current price, USD: 1.00
Market capitalization, USD: 36 481 481 732
Available supply: 36 466 881 803 USDT
Volume 24 hours, USD: 84 366 690 020
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, $
Feb 27 0.999900 0.999500 1.00 35 011 606 559
Feb 28 1.00 1.00 1.00 35 056 663 251
Mar 01 1.00 1.00 1.00 35 074 935 413
Mar 02 1.00 1.00 1.00 35 452 879 228
Mar 03 1.00 1.00 1.00 35 883 137 482
Mar 04 1.00 0.999800 1.00 36 258 095 302
Mar 05 1.00 1.00 1.00 36 391 035 754
Mar 06 1.00 0.999500 1.00 36 428 599 294
Mar 07 1.00 1.00 1.00 36 469 263 818
Mar 08 1.00 1.00 1.00 36 481 481 732

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%
USDT price change 7 days -0.06%

Tether (USDT) Short Term Forecast

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

Tether Comments & Reviews

Crypto market participants fear that the outgoing Trump administration could finally tighten regulation of cryptocurrencies. However, in this context, we are constantly in uncharted territory. Democrats also do not guarantee a positive attitude...

l00k$_1ntere$1ng   December 8, 2020   USDT


Another factor in the game in favor of Bitcoin may be the growth in capitalization of the stablecoin Tether (USDT). Over the past month, USDT capitalization has grown by almost $ 2 billion. Although this is not the main support factor, nevertheless,...

RealSatoshi   November 14, 2020   USDT


Once again, the Bitcoin rally has coincided with a significant emission of stablecoin, however, crypto market participants speculate that this may be a coincidence. Statistics show that the trading volume using USDT from 2017 to 2020 increased from...

MelvinD   October 26, 2020   USDT


While crypto market participants are watching Bitcoin and its ability to overcome the $ 12K threshold, the stablecoin Tether (USDT) is becoming the “gray cardinal” of the crypto market. According to Glassnode, the total volume of transactions on the...

RealSatoshi   October 19, 2020   USDT


The main difference between the current state of the crypto market and 2017 is that there is now a wide choice. In case of doubt about the prospects of the cryptocurrency market, positions can be closed, and money can be parked in stablecoins. Don't...

Philosopher   October 8, 2020   USDT


Tether Reviews

Top 10 Cryptocurrencies

Сryptocurrency CVIX Price Change, 24h
Bitcoin 46 $50 797.88 -0.22%
Ethereum 61 $1 745.00 4.44%
Tether 1 $1.00 0%
Binance Coin 83 $233.70 -1.28%
Cardano 82 $1.12 -1.74%
Polkadot 71 $34.03 -1.45%
XRP 70 $0.477600 2.27%
UniSwap 73 $33.06 2.81%
Chainlink 62 $30.80 9.60%
Litecoin 63 $185.74 -1.33%
Bitcoin Cash 75 $518.25 0.94%
Stellar 71 $0.411600 -0.09%
USD Coin 1 $1.00 -0.01%
Dogecoin 72 $0.056440 9.90%
NEM 73 $0.714300 -0.90%

Rating

Tether News & Forecasts

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