

Rank: # 4
Market Cap: $ 163,687,722,079
Volume (24hrs): $ 107,584,990,383
Circulating Supply: 163,751,876,809 USDT
Price in BTC: Ƀ 0.00000867
Change (1 Hr): 0.00%
Change (7 Days): -0.04%
Change (30 Days): -0.06%
All Time High: $ 1.32
All Time High Date: July 24, 2018
Tether Coverter:
Tether Coverter:
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Date | Open | Close | High | Low | Volume |
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# | Source | Pair | Volume | Price | Change | Updated |
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- Metaplanet plans to raise additional $3.7B to buy BitcoinCointelegraph.com News - 1 hour agoThe Japanese investment company’s stock offering is part of its treasury strategy to acquire 210,000 Bitcoin by the end of 2027. Japanese investment firm Metaplanet…
- Andreessen Horowitz warns of loopholes in draft US crypto rulesCointelegraph.com News - 1 hour agoAndreessen Horowitz urged the US Senate Banking Committee to scrap the “ancillary asset” concept in draft crypto legislation, warning of loopholes. Venture capital firm Andreessen…
- Ray Dalio sells final Bridgewater stake after predicting debt collapseCointelegraph.com News - 1 hour agoWhile continuing to voice economic warnings, Bridgewater founder Ray Dalio recently increased his recommended allocation to Bitcoin and gold to 15%. Billionaire investor Ray Dalio…
- Spot Ether ETFs clock $5.4B monthly inflow record amid 20-day streakCointelegraph.com News - 2 hours agoSpot Ether ETFs recorded $5.43 billion in net inflows in July, marking a 369% monthly surge and extending their daily inflow streak to 20 consecutive…
- Bitcoin ends record month at $115K with BTC price set for 'vertical' AugustCointelegraph.com News - 2 hours agoBitcoin completes its highest monthly close in history, while post-halving August traditionally produces double-digit percentage BTC price gains. Key takeaways:Bitcoin hit a record monthly close…
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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