Tether
TetherRank: # 3
Market Cap: $ 186,845,123,707
Volume (24hrs): $ 123,329,032,652
Circulating Supply: 186,848,398,790 USDT
Price in BTC: Ƀ 0.00001027
Change (1 Hr): -0.01%
Change (7 Days): 0.09%
Change (30 Days): -0.01%
All Time High: $ 1.32
All Time High Date: July 24, 2018
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Tether Coverter:
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- Zcash Foundation says SEC closed 2023 probe into privacy coinCointelegraph.com News - 4 hours agoThe investigation into Zcash, launched with an SEC subpoena over a “matter of certain crypto asset offerings,” ended this week, according to the foundation.The foundation…
- Ether’s price vs. fundamentals gap may signal a 2026 opportunityCointelegraph.com News - 5 hours agoEtherealize CEO Vivek Raman argues that ETH’s lagging price masks strengthening fundamentals that could reshape how the token is valued in 2026.Ether’s price performance left…
- Bitcoin hits 2026 high above $97K, data shows sufficient fuel for higher pricesCointelegraph.com News - 5 hours agoBitcoin rallied to $97,500, and multiple data points suggest bulls are planning to push the price above $100,000. Is the bull market back?Bitcoin’s (BTC) start-of-year…
- Vitalik’s take on decentralized stablecoins: What it means for DeFiCointelegraph.com News - 5 hours agoVitalik Buterin argues DeFi still lacks resilient decentralized stablecoins, highlighting benchmark risk, oracle design flaws and staking-driven incentives. A decentralized stablecoin aims to maintain a…
- Figure Technology unveils blockchain platform for direct stock lending: ReportCointelegraph.com News - 5 hours agoThe Nasdaq-listed company is rolling out an onchain equity system that allows real shares to be issued and lent directly on blockchain infrastructure.Figure Technology Solutions,…
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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