Tether
TetherRank: # 3
Market Cap: $ 185,113,082,346
Volume (24hrs): $ 131,671,400,856
Circulating Supply: 185,353,670,779 USDT
Price in BTC: Ƀ 0.00001314
Change (1 Hr): 0.00%
Change (7 Days): -0.01%
Change (30 Days): -0.09%
All Time High: $ 1.32
All Time High Date: July 24, 2018
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- Spain to follow UK with plans to ban social media for children under 16Cointelegraph.com News - 8 hours agoPedro Sánchez announced that Spain would implement several changes to laws impacting social media platforms starting next week, with potential criminal liability for executives.Spain’s Prime…
- Bitcoin, crypto 'winter' soon over, says BitWise exec as gold retargets $5KCointelegraph.com News - 8 hours agoBitcoin failed to attack $80,000 resistance as gold sought a $5,000 reclaim, while analysis argued that “crypto winter” began in January 2025.Bitcoin (BTC) returned to…
- World Liberty launches $3.4B stablecoin: How it fits into onchain credit systemsCointelegraph.com News - 9 hours agoWorld Liberty launches a $3.4-billion stablecoin and lending platform, positioning it within onchain credit, collateralized loans and DeFi markets.World Liberty Financial has entered DeFi lending…
- Did Solana bottom at $100? SOL price charts hint at a 150% rallyCointelegraph.com News - 10 hours agoSolana price technicals suggest that the recent correction to $100 was a buy-the-dip opportunity as traders look for a recovery path toward $260.Solana (SOL) price…
- Rails taps Stellar to launch onchain vaults for institutional derivatives liquidityCointelegraph.com News - 10 hours agoRails is betting that Stellar‑based smart contract vaults, onchain proofs and segregated collateral can make high‑speed perpetuals more palatable to institutions.Institutional crypto derivatives provider Rails…
What is Tether?
Tether is a tocken issued by Tether Limited company which belongs to the Bitfinex trading platform. It was built on top of Omni Layer digital currency protocol, which works on the Bitcoin blockchain.
The main purpose of this token is to provide stability to traders and members of cryptocurrency market, because Tether is claimed to be backed by US dollars on Tether Ltd bank accounts, so its price is not as volatile as prices of other cryptocurrencies. However, that remains yet to be proven and is is the reason why the U.S. Commodity Futures Trading Commission issued subpoenas to both Tether and Bitfinex. Also Tether Ltd underlines that the Tether token is not a financial instrument, and the owners of Tethers have no rights for legal claims or guarantees against losses.
Nevertheless, tether is a very popular token and is used by a number of exchanges (mostly the crypto to crypto only ones) as their main stablecoin. The amount of Tethers grew up to $2.8 billion. During summer 2018 around 80% of Bitcoin volume was traded in Tethers.
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