 Tether
Tether Tether
TetherRank: # 3
Market Cap: $ 183,394,347,547
Volume (24hrs): $ 117,671,494,553
Circulating Supply: 183,399,917,241 USDT
Price in BTC: Ƀ 0.00000913
Change (1 Hr): 0.01%
Change (7 Days): -0.04%
Change (30 Days): -0.02%
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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- Why is Zcash's ZEC the only crypto pumping right now?Cointelegraph.com News - 5 minutes agoZcash’s rally faces a test as a rising wedge pattern signals a possible 30% pullback toward the $260–$270 support zone in November. Key Takeaways:ZEC’s 500%…
- Australian police crack coded wallet, seize $5.9M in cryptoCointelegraph.com News - 2 hours agoThe Australian Federal Police cracked a coded crypto wallet backup holding $5.9 million after a data scientist deciphered a complex numerical sequence on a phone.…
- Bitcoin set for first red October in seven years: What will November bring?Cointelegraph.com News - 2 hours ago“Uptober” has turned into a red month for Bitcoin, with Fed rate cut hopes and easing US-China trade tensions doing little to uphold BTC prices.…
- Deutsche Bank and DWS-backed EURAU stablecoin goes multichain with ChainlinkCointelegraph.com News - 3 hours agoAllUnity’s euro-pegged MiCA-compliant stablecoin, EURAU, is expanding across major blockchains using Chainlink’s CCIP protocol. AllUnity’s euro-backed stablecoin, EURAU — a joint venture between Deutsche Bank…
- The EU’s two-tier encryption vision is digital feudalismCointelegraph.com News - 3 hours agoEU’s ProtectEU mandates on-device scanning before encryption, creating a two-tier security system where states encrypt while citizens are surveilled. Digital feudalism codified. Opinion by: Bill…
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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