Tether
TetherRank: # 3
Market Cap: $ 183,408,081,535
Volume (24hrs): $ 35,050,943,215
Circulating Supply: 183,506,366,052 USDT
Price in BTC: Ƀ 0.00001540
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 |
|---|
| # | Source | Pair | Volume | Price | Change | Updated |
|---|
- Donald Trump’s media company to terminate Crypto.com dealCointelegraph.com News - 1 hour agoThe president’s company will unwind an agreement with Crypto.com to create a multibillion-dollar CRO treasury and reportedly not integrate prediction markets onto Truth Social.US President…
- US Treasury’s OFAC sanctions 2 Iran-linked crypto exchangesCointelegraph.com News - 2 hours agoThe US government sanctioned an individual and two crypto exchanges it said facilitated money laundering for a combined $5 million in digital assets linked to…
- Here’s what happened in crypto todayCointelegraph.com News - 4 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…
- Circle expands USDC to OKX ecosystem with X Layer launchCointelegraph.com News - 5 hours agoThe rollout gives X Layer users access to Circle-issued USDC and crosschain transfers as the stablecoin expands across major blockchain ecosystems.Circle has launched its USDC…
- Reform UK chair calls for probe into SBF-linked donation: ReportCointelegraph.com News - 5 hours agoAs the chairman of the Reform UK calls for an investigation into a FTX-linked political donation, the party’s leader prepares to face voters amid his…
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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