|Tether (USDT)||Buy Tether Now|
|Blockchain has numerous advantages over traditional financial technologies, as it offers cheap, fast and unlimited transactions without intermediaries...|
|Change 7d||0.09%||Market Cap||$65 358 819 507|
|Available supply||65 362 681 003 USDT|
|Volume 24h||$32 046 724 890|
|Updated||Wednesday, November 30, 2022 2:00:03PM UTC|
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.
|Date||Open, $||Min, $||Max, $||Market cap, $|
|Nov 21||0.999002||0.998783||0.999156||65 819 354 961|
|Nov 22||0.999062||0.998909||0.999254||65 449 416 396|
|Nov 23||0.999151||0.999008||0.999187||65 455 395 208|
|Nov 24||0.999178||0.999178||0.999488||65 322 658 933|
|Nov 25||0.999437||0.999437||0.999582||65 335 329 498|
|Nov 26||0.999576||0.999507||0.999626||65 335 636 734|
|Nov 27||0.999569||0.999525||0.999581||65 335 006 322|
|Nov 28||0.999612||0.999606||0.999748||65 340 734 981|
|Nov 29||0.999677||0.999632||0.999773||65 344 605 655|
|Nov 30||0.999739||0.999679||0.999947||65 358 819 507|
* 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.
|#||Crypto||Prediction||Accuracy||CVIX||Price||24h||7d||Market Cap||7d price change|
|1||BTC||Bitcoin predictions||61.2%||80||$16 815.91||2.46%||2.22%||$323 213 771 261|
|2||ETH||Ethereum predictions||64.8%||79||$1 262.81||4.49%||8.80%||$154 535 308 538|
|3||USDT||Tether predictions||92.8%||1||$0.999941||0.02%||0.09%||$65 358 819 507|
|4||BNB||Binance Coin predictions||66.4%||67||$298.40||-0.55%||0.49%||$47 735 233 591|
|5||USDC||USD Coin predictions||91.6%||1||$0.999977||-0.02%||-0.02%||$43 305 374 728|
|6||BUSD||Binance USD predictions||91.6%||1||$1.000510||0.01%||0.08%||$22 176 670 935|
|7||XRP||XRP predictions||68.8%||66||$0.402021||2.91%||7.66%||$20 217 649 686|
|8||DOGE||Dogecoin predictions||58.4%||85||$0.104544||2.73%||30.58%||$13 869 988 356|
|9||ADA||Cardano predictions||59.6%||81||$0.313452||1.39%||0.62%||$10 795 931 462|
|10||STETH||Lido stETH predictions||95.6%||1||$2 941.39||-0.40%||-3.32%||$10 258 752 564|
|11||MATIC||Polygon predictions||63.6%||72||$0.866314||4.01%||2.62%||$7 566 657 745|
|12||DOT||Polkadot predictions||69.6%||67||$5.37||2.22%||0.69%||$6 126 105 270|
|13||DAI||Dai predictions||90.8%||1||$0.999600||0%||0.02%||$5 652 893 809|
|14||LTC||Litecoin predictions||62%||74||$77.93||2.83%||-0.18%||$5 589 341 445|
|15||WTRX||Wrapped TRON predictions||68.8%||66||$0.053825||0.77%||5.80%||$5 472 681 192|
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...
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...
USDT stablecoin issuer Tether is planning to transform Lugano, the ninth-largest city of Switzerland, into the crypto capital of Europe. Announcing the news...
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...
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