Tether
TetherRank: # 3
Market Cap: $ 184,026,474,105
Volume (24hrs): $ 96,818,009,467
Circulating Supply: 183,990,520,696 USDT
Price in BTC: Ƀ 0.00001385
Change (1 Hr): 0.00%
Change (7 Days): 0.03%
Change (30 Days): 0.05%
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 |
|---|
| # | Source | Pair | Volume | Price | Change | Updated |
|---|
- Bitcoin 'passing geopolitical stress test' as BTC price spikes above $72KCointelegraph.com News - 6 hours agoBitcoin price analysis saw conditions slowly “building” to support a breakout as BTC emerged as the strongest macro performer since the Iran conflict began.Bitcoin (BTC)…
- Sweden probes reported leak of e-government platform source codeCointelegraph.com News - 7 hours agoSweden is investigating a reported leak tied to CGI Sverige after hackers claimed they exposed source code from the country’s e-government platform.A threat actor has…
- China’s Alibaba joins stablecoin platform MetaComp’s $35M fundraiseCointelegraph.com News - 7 hours agoMetaComp’s Pre-A+ funding round, backed by Alibaba and Spark Venture, brings the total capital raised to $35 million, with aims to expand its StableX Network…
- Bitcoin's 'extremely precise' macro signal puts $100K target back in playCointelegraph.com News - 7 hours agoUS and China’s yield crossover amid whale buying suggest Bitcoin may be close to a price bottom, setting up for a move toward six figures…
- Vitalik distances himself from nonprofit backed by SHIB donationCointelegraph.com News - 8 hours agoVitalik Buterin said he is no longer closely aligned with the Future of Life Institute after its strategy shifted following his 2021 SHIB donation.Ethereum co-founder…
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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