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 | $0.999531 |
Change 24h | 0.01% |
Change 7d | -0.09% | Market Cap | $110 511 100 518 |
Available supply | 110 562 912 302 USDT |
Volume 24h | $38 159 954 600 |
Updated | Sunday, April 28, 2024 1:00:06PM UTC |
Nature | Token |
Mineable | No |
Discussion | |
WWW | Website |
After | Price | Change |
1 day | $0.998600 | -0.10% |
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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, $ |
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Apr 18 | 1.000106 | 0.999963 | 1.000671 | 109 078 717 895 |
Apr 19 | 1.000485 | 1.000025 | 1.000878 | 109 538 409 408 |
Apr 20 | 1.000462 | 1.000182 | 1.000702 | 109 753 971 935 |
Apr 21 | 1.000639 | 1.000478 | 1.000639 | 109 776 817 602 |
Apr 23 | 1.000305 | 1.000167 | 1.000316 | 110 425 663 026 |
Apr 24 | 1.000173 | 0.999110 | 1.000333 | 110 403 569 511 |
Apr 25 | 0.999637 | 0.999372 | 1.000151 | 110 476 566 677 |
Apr 26 | 0.999827 | 0.999645 | 1.000262 | 110 390 164 219 |
Apr 27 | 0.999673 | 0.999258 | 0.999903 | 110 506 174 839 |
Apr 28 | 0.999403 | 0.999268 | 0.999620 | 110 511 100 518 |
* 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 | 86% | 22 | $63 577.46 | 0.88% | -2.19% | $1 251 924 653 930 | ||
---|---|---|---|---|---|---|---|---|---|---|
2 | ETH | Ethereum predictions | 75.6% | 40 | $3 290.29 | 4.89% | 4.22% | $401 590 299 832 | ||
3 | USDT | Tether predictions | 96% | 1 | $0.999531 | 0.01% | -0.09% | $110 511 100 518 | ||
4 | BNB | Binance Coin predictions | 86.4% | 26 | $601.68 | 2.27% | 4.36% | $88 790 660 632 | ||
5 | SOL | Solana predictions | 64.4% | 75 | $141.74 | 3.17% | -5.63% | $63 398 840 907 | ||
6 | USDC | USD Coin predictions | 94.8% | 2 | $0.999931 | -0.01% | -0.01% | $33 492 718 974 | ||
7 | XRP | XRP predictions | 68.4% | 67 | $0.518951 | 0.59% | -1.70% | $28 664 733 633 | ||
8 | DOGE | Dogecoin predictions | 66% | 71 | $0.149353 | 2.96% | -6.96% | $21 517 179 585 | ||
9 | TON | Toncoin predictions | 69.2% | 60 | $5.44 | 3.99% | -11.88% | $18 879 459 929 | ||
10 | ADA | Cardano predictions | 64% | 78 | $0.469230 | 2.65% | -6.39% | $16 723 086 131 | ||
11 | SHIB | SHIBA INU predictions | 60.8% | 82 | $0.000025 | 1.01% | -7.34% | $14 525 657 702 | ||
12 | AVAX | Avalanche predictions | 58.8% | 81 | $34.49 | 0.93% | -7.51% | $13 051 917 068 | ||
13 | TRX | TRON predictions | 84.8% | 21 | $0.121310 | 0.87% | 9.14% | $10 621 725 803 | ||
14 | WTRX | Wrapped TRON predictions | 86% | 18 | $0.120959 | 0.73% | 8.73% | $10 591 041 892 | ||
15 | STETH | Lido stETH predictions | 92.8% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |
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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