Tether
TetherRank: # 3
Market Cap: $ 183,653,664,704
Volume (24hrs): $ 57,345,333,388
Circulating Supply: 183,738,738,455 USDT
Price in BTC: Ƀ 0.00001486
Change (1 Hr): 0.00%
Change (7 Days): 0.03%
Change (30 Days): 0.07%
All Time High: $ 1.32
All Time High Date: July 24, 2018
Tether Coverter:
Tether Coverter:
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- News
| Date | Open | Close | High | Low | Volume |
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| # | Source | Pair | Volume | Price | Change | Updated |
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- Bitcoin options market structure leans toward $60K retest in FebruaryCointelegraph.com News - 4 hours agoBitcoin may stay capped under $70,000 as traders deploy bearish options strategies, and spot BTC ETF outflows point to a retest of the yearly low.Key…
- Kraken’s xStocks tops $25B in volume with more than 80K onchain holdersCointelegraph.com News - 5 hours agoBlockchain-based versions of US stocks are drawing growing investor activity, with onchain wallets and cross-venue trading expanding rapidly.Kraken’s tokenized equities platform, xStocks, has surpassed $25…
- Bitcoin Lightning Network exceeds $1B in monthly volume: ReportCointelegraph.com News - 5 hours agoAnalysis by Bitcoin services company River forecasts a transaction surge as individuals and businesses experiment with AI agentic payments.Monthly transaction volume on the Bitcoin (BTC)…
- Bitcoin’s monthly losses break records, but history says a turnaround is brewingCointelegraph.com News - 5 hours agoBitcoin is on course to lock in another negative month, but one analyst says major differences in the current market structure could be a sign…
- SEC leaders seek to clarify how tokenized securities interact with existing regulationCointelegraph.com News - 6 hours agoPaul Atkins and Hester Peirce spoke at ETHDenver on Wednesday on the future of regulation at the SEC and its response to crypto market volatility.Paul…
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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