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Tether

Tether USDT Price $ 1.00

Rank: 3

4405 Watchlists

Stablecoin

USDT Price

1.00
0%
(-$ 0.0000212)
Price Range
LowHigh
$ 0.999$ 1.00

General Info

Contracts/Explorers:

Explorers

Tags (Sub-Categories):

#Token

Description

USDT is a fiat-collateralized stablecoin pegged to the US Dollar

Tether (USDT) Chart

The Tether to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.

USDT to USD Converter

Tether (USDT)USDT

USDT Price Statistics

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Market Cap

$ 103.57B

FDV

$ 103.57B

ATH Market Cap

$ 103.64B

24 Trade Vol.

$ 68.83B


Vol. (24h) / MCap

0.665

Total Supply

USDT 103,618,183,618

Circulating Supply

USDT 103.62B

(100% of Total Supply)

Listing Date

9 Feb 2015

All Time High

$ 1.21

27 May 2017


All Time Low

$ 0.850

2 Feb 2017


From ATH

17.4%

From ATL

17.6%

What is Tether (USDT)?

Tether is a blockchain-based cryptocurrency whose cryptoсoins are backed by an equivalent number of traditional fiat currencies such as the dollar, euro, or Japanese yen, which are held in a specific bank account. Tether tokens, the native tokens of the Tether network, are traded under the symbol USDT.

What are USDT key features and how does it work?

Tether belongs to a group of cryptocurrencies called stablecoins, which aim to maintain the stability of the cryptocurrency value, in contrast to the sharp fluctuations of other popular cryptocurrencies such as Bitcoin and Ethereum. This would allow it to be used as a medium of exchange and a way of storing value, instead of being used as a speculative investment.

Tether belongs to the category of fiat-collateralized stablecoins. This means that a fiat currency such as the US dollar, euro, or yen supports every cryptocurrency in circulation. Other categories include crypto-collateralized stablecoins that use cryptocurrency reserves as collateral or non-collateralized stablecoins. Non-collateralized stablecoins do not have any collateral but work similarly to a reserve bank to maintain the required number of tokens, depending on the economic situation.

The main reason for Tether’s creation was to build the necessary bridge between fiat currencies and cryptocurrencies and offer users transparency, stability, and minimal transaction fees. USDT is pegged to the US dollar and maintains a 1:1 ratio with the US dollar in value terms. However, Tether Ltd. does not provide any guarantees with respect to any redemption or exchange of Tether for real money, i.e. Tether can’t be exchanged for US dollars.

Bitcoin trading to Tether still accounts for the majority of BTC traded for fiat or stablecoins, according to research by CryptoCompare, a global cryptocurrency market data provider. In February 2021, 57% of all Bitcoin trading volume was concentrated done in BTC/USDT trading pair. Tether remains the main source of liquidity for the cryptocurrency market.

Tether was launched as RealCoin in July 2014 and was renamed Tether in November by Tether Ltd., which is responsible for maintaining fiat currency reserves. Trading began It began trading in February 2015.

Where can you buy Tether?

You can buy Tether (USDT) on a large number of cryptocurrency exchanges. Binance, OKEx, HitBTC, Huobi Global are some of the most popular Tether trading exchanges.

In fact, the average daily USDT trading volume often equals or even exceeds the Bitcoin trading volume. This is especially true for exchanges where fiat-to-crypto trading pairs are not available as it provides a viable alternative to the US dollar.

Tether Price Today

Tether's current price is $ 1.00, it has dropped -0% over the past 24 hours.

Tether's All Time High (ATH) of $ 1.21 was reached on 27 May 2017, and is currently -17.4% down.

The current circulating supply of Tether is 103.62 Billions tokens, and the maximum supply of Tether is 103.62 Billions.

Tether’s 24 hour trading volume is $ 68.83 Billions.

Tether's current share of the entire cryptocurrency market is 4.10%, with a market capitalization of $ 103.57 Billions.

You can find more details about Tether on its official website and on the block explorer.

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