Tether (USDT) | Buy Tether Now |
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Blockchain has numerous advantages over traditional financial technologies, as it offers cheap, fast and unlimited transactions without intermediaries... | |
CVIX | 1 |
Current price | $1.000007 |
Change 24h | 0.06% |
Change 7d | 0% | Market Cap | $103 618 893 601 |
Available supply | 103 618 183 618 USDT |
Volume 24h | $110 031 667 447 |
Updated | Tuesday, March 19, 2024 6:00:04AM UTC |
Nature | Token |
Mineable | No |
Discussion | |
WWW | Website |
After | Price | Change |
1 day | $0.999800 | -0.02% |
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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, $ |
---|---|---|---|---|
Mar 10 | 1.002026 | 1.001454 | 1.002229 | 101 995 339 190 |
Mar 11 | 1.000862 | 0.999909 | 1.001009 | 102 038 493 125 |
Mar 12 | 1.000214 | 0.999925 | 1.000839 | 102 450 091 603 |
Mar 13 | 1.000139 | 1.000089 | 1.001193 | 102 722 909 761 |
Mar 14 | 1.000563 | 0.998830 | 1.000563 | 103 092 160 356 |
Mar 15 | 0.999382 | 0.999112 | 1.000436 | 103 266 071 440 |
Mar 16 | 1.000247 | 0.999205 | 1.000247 | 103 241 615 607 |
Mar 17 | 0.999193 | 0.998675 | 0.999861 | 103 366 003 903 |
Mar 18 | 0.999374 | 0.999200 | 1.000081 | 103 406 808 936 |
Mar 19 | 0.999847 | 0.999847 | 1.000198 | 103 618 893 601 |
* 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 | 61.6% | 76 | $65 090.19 | -5.25% | -9.60% | $1 279 555 112 568 | ||
---|---|---|---|---|---|---|---|---|---|---|
2 | ETH | Ethereum predictions | 67.6% | 68 | $3 379.11 | -6.99% | -16.39% | $405 754 785 379 | ||
3 | USDT | Tether predictions | 95.2% | 1 | $1.000007 | 0.06% | 0% | $103 618 893 601 | ||
4 | SOL | Solana predictions | 62.4% | 79 | $184.83 | -9.17% | 20.08% | $82 043 545 485 | ||
5 | BNB | Binance Coin predictions | 56.8% | 90 | $527.75 | -8.11% | -1.90% | $78 919 512 164 | ||
6 | XRP | XRP predictions | 72% | 59 | $0.599404 | -4.26% | -14.22% | $32 847 476 435 | ||
7 | USDC | USD Coin predictions | 90.4% | 2 | $0.999997 | 0% | 0.02% | $31 272 500 680 | ||
8 | ADA | Cardano predictions | 62.4% | 76 | $0.624087 | -9.54% | -18.21% | $22 195 492 579 | ||
9 | AVAX | Avalanche predictions | 67.6% | 73 | $57.38 | -7.12% | 17.71% | $21 651 056 467 | ||
10 | DOGE | Dogecoin predictions | 59.6% | 89 | $0.132276 | -13.22% | -24.13% | $18 985 102 511 | ||
11 | SHIB | SHIBA INU predictions | 57.6% | 94 | $0.000025 | -12.61% | -23.71% | $14 909 937 329 | ||
12 | DOT | Polkadot predictions | 56.4% | 87 | $9.25 | -9.25% | -15.26% | $13 161 949 208 | ||
13 | TON | Toncoin predictions | 64.8% | 69 | $3.76 | -6.02% | -0.03% | $13 045 098 189 | ||
14 | WTRX | Wrapped TRON predictions | 87.2% | 21 | $0.122324 | -2.90% | -8.03% | $10 743 759 398 | ||
15 | TRX | TRON predictions | 84.4% | 19 | $0.121978 | -3.54% | -8.29% | $10 713 352 969 |
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...
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...
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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