Bitcoin
BTC$51 427.87

-0.18%

Ethereum
ETH$2 989.24

1.67%

Tether
USDT$0.999454

-0.06%

Binance Coin
BNB$385.05

0.07%

Solana
SOL$102.45

-1.41%

XRP
XRP$0.542899

-0.56%

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 $0.999454
Change 24h -0.06%
Change 7d -0.16%
Market Cap $97 789 912 036
Available supply 97 843 287 089 USDT
Volume 24h $54 973 239 047
Updated Friday, February 23, 2024 1:00:05AM UTC
Nature Token
Mineable No
Discussion
WWW Website

Tether price change 24 hours

Tether Short Term Forecast

After Price Change
1 day $0.997879 -0.15%

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, $
Feb 14 1.000648 1.000199 1.001028 97 060 967 597
Feb 15 1.000942 1.000166 1.001025 97 200 513 056
Feb 16 1.000936 1.000122 1.001118 97 535 518 192
Feb 17 1.000720 0.999997 1.000720 97 619 322 594
Feb 18 1.000270 0.999777 1.000388 97 651 659 514
Feb 19 1.000186 0.999657 1.000285 97 712 021 333
Feb 20 1.000172 0.999598 1.000262 97 725 507 112
Feb 21 1.000111 0.999758 1.000182 97 822 917 321
Feb 22 1.000126 0.999271 1.000126 97 813 617 538
Feb 23 0.999407 0.999407 0.999454 97 789 912 036

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 61.2% 78 $51 427.87 -0.18% -1.05% $1 009 785 801 704 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 63.2% 76 $2 989.24 1.67% 5.09% $359 189 739 849 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 91.6% 1 $0.999454 -0.06% -0.16% $97 789 912 036 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 69.2% 63 $385.05 0.07% 8.22% $57 581 064 669 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 75.2% 53 $102.45 -1.41% -9.71% $45 175 701 615 SOL 7 days price change
6 XRP (XRP) XRP XRP predictions 86.8% 21 $0.542899 -0.56% -3.50% $29 619 835 373 XRP 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 96% 1 $1.000080 0.01% 0.02% $28 031 263 934 USDC 7 days price change
8 Cardano (ADA) ADA Cardano predictions 67.2% 64 $0.593051 -0.09% -1.89% $21 032 395 764 ADA 7 days price change
9 Avalanche (AVAX) AVAX Avalanche predictions 68.8% 61 $36.82 -1.78% -11.35% $13 886 248 114 AVAX 7 days price change
10 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 71.2% 60 $0.139307 -0.05% 6.45% $12 262 023 323 WTRX 7 days price change
11 TRON (TRX) TRX TRON predictions 71.2% 60 $0.139115 -0.20% 6.04% $12 245 136 046 TRX 7 days price change
12 Dogecoin (DOGE) DOGE Dogecoin predictions 88% 12 $0.084450 0.21% -1.42% $12 091 969 176 DOGE 7 days price change
13 Chainlink (LINK) LINK Chainlink predictions 67.6% 68 $18.24 -1.12% -8.46% $10 706 752 451 LINK 7 days price change
14 Lido stETH (STETH) STETH Lido stETH predictions 91.6% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
15 Polkadot (DOT) DOT Polkadot predictions 76% 50 $7.51 1.20% -3.15% $9 629 855 982 DOT 7 days price change

News, Promo

USDT
Tether commercial paper exposure now under $50M

Tether is also looking to become more transparent, having hired a new accounting firm to conduct regular audit and attestation reports to ensure its stablecoin is properly backed by USD...

05 Oct 2022
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

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