Bitcoin
Bitcoin$38 037.84

-4.28%

Ethereum
Ethereum$2 471.06

-6.49%

Tether
Tether$1.00

-0.01%

Binance Coin
Binance Coin$320.87

-4.29%

Cardano
Cardano$1.35

1.43%

XRP
XRP$0.707446

-5.69%

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 $1.00
Change 24h -0.01%
Change 7d -0.03%
Market Cap $62 013 471 631
Available supply 61 990 121 094 USDT
Volume 24h $53 116 415 045
Updated Tuesday, August 3, 2021 6:00:16PM UTC
Nature Token
Mineable No
Discussion
WWW Website

Tether price change 24 hours

Tether Short Term Forecast

After Price Change
1 day $1.00 0.02%

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, $
Jul 25 1.00 0.999372 1.00 61 807 038 956
Jul 26 1.00 0.999796 1.00 61 823 414 108
Jul 27 1.00 1.00 1.00 61 806 290 738
Jul 28 1.00 0.999951 1.00 61 810 957 443
Jul 29 1.00 1.00 1.00 61 816 306 610
Jul 30 1.00 1.00 1.00 61 810 588 313
Jul 31 1.00 0.999984 1.00 61 816 300 593
Aug 01 1.00 1.00 1.00 61 910 058 487
Aug 02 1.00 1.00 1.00 61 967 898 191
Aug 03 1.00 1.00 1.00 62 013 471 631

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 Volume 24h
1 Bitcoin (BTC) BTC Buy Bitcoin predictions 70.8% 59 $38 037.84 -4.28% 0.61% $714 169 782 880 $26 307 432 399
2 Ethereum (ETH) ETH Buy Ethereum predictions 67.2% 67 $2 471.06 -6.49% 10.78% $289 005 466 567 $23 199 483 471
3 Tether (USDT) USDT Buy Tether predictions 92.8% 1 $1.00 -0.01% -0.03% $62 013 471 631 $53 116 415 045
4 Binance Coin (BNB) BNB Binance Coin predictions 84.4% 28 $320.87 -4.29% 4.55% $53 950 946 120 $1 359 844 013
5 Cardano (ADA) ADA Cardano predictions 75.2% 52 $1.35 1.43% 8.35% $43 374 083 235 $1 866 887 379
6 XRP (XRP) XRP XRP predictions 70.8% 59 $0.707446 -5.69% 12.09% $32 763 554 924 $2 454 356 644
7 USD Coin (USDC) USDC USD Coin predictions 91.2% 1 $1.00 -0.01% -0.04% $27 424 982 456 $2 711 834 968
8 Dogecoin (DOGE) DOGE Buy Dogecoin predictions 72.4% 48 $0.195543 -4.66% -2.22% $25 558 987 703 $1 117 395 831
9 Polkadot (DOT) DOT Buy Polkadot predictions 67.6% 68 $17.18 -7.21% 23.89% $16 843 951 869 $1 358 202 121
10 UniSwap (UNI) UNI UniSwap predictions 66% 65 $21.08 -7.97% 15.05% $12 383 393 575 $493 045 340
11 Binance USD (BUSD) BUSD Binance USD predictions 93.6% 1 $1.00 0.01% -0.01% $12 083 193 690 $3 965 069 055
12 Chainlink (LINK) LINK Chainlink predictions 65.6% 70 $23.26 -1.82% 24.24% $10 306 416 581 $1 488 666 604
13 Bitcoin Cash (BCH) BCH Bitcoin Cash predictions 66.8% 61 $532.59 -2.99% 8.74% $10 016 582 647 $2 013 179 848
14 Solana (SOL) SOL Solana predictions 70.4% 57 $34.77 2.57% 27.56% $9 479 893 700 $480 755 171
15 Litecoin (LTC) LTC Litecoin predictions 70.4% 56 $137.83 -3.82% 4.04% $9 200 379 310 $1 357 677 504

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