Tether
TetherRank: # 3
Market Cap: $ 183,294,432,004
Volume (24hrs): $ 54,421,736,726
Circulating Supply: 183,442,587,856 USDT
Price in BTC: Ƀ 0.00001290
Change (1 Hr): 0.00%
Change (7 Days): 0.00%
Change (30 Days): 0.00%
All Time High: $ 1.32
All Time High Date: July 23, 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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- Here’s what happened in crypto todayCointelegraph.com News - 9 hours agoNeed to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and…
- CFTC expands regulatory relief for passive trading software providersCointelegraph.com News - 10 hours agoThe US regulator’s move could make it easier for crypto wallets and other apps to offer access to regulated derivatives and prediction markets without registering…
- WisdomTree, MoonPay team up to expand US access to tokenized money market fundCointelegraph.com News - 12 hours agoMoonPay plans to use WisdomTree’s $1.2 billion WTGXX tokenized fund as part of its stablecoin reserves while helping expand access to US investors.WisdomTree and MoonPay…
- Is there any chance left to save the CLARITY Act?Cointelegraph.com News - 12 hours agoCLARITY isn’t dead after failing a key Senate vote, but with time running short and Democrats still demanding changes, its path forward is narrowing.Water, water…
- Bitcoin coils near $76.5K as US stocks rebound from Fed rate hikeCointelegraph.com News - 13 hours agoBitcoin made modest daily gains as US stocks saw upside in the aftermath of the US Federal Reserve’s first interest-rate hike since July 2023. Bitcoin…
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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