Tether
TetherRank: # 3
Market Cap: $ 189,701,047,675
Volume (24hrs): $ 55,431,102,947
Circulating Supply: 189,665,308,470 USDT
Price in BTC: Ƀ 0.00001291
Change (1 Hr): 0.00%
Change (7 Days): -0.01%
Change (30 Days): 0.06%
All Time High: $ 1.32
All Time High Date: July 24, 2018
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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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- Strategy stock beats Bitcoin after rising 25% in a month: BTC bottom in?Cointelegraph.com News - 9 hours agoHistorically, MSTR’s outperformance signals traders are taking more risk, betting Bitcoin’s worst drawdown phase may be over.Strategy’s MSTR stock has jumped roughly 25% over the…
- China’s new online marketing rules tighten ban on crypto promotionsCointelegraph.com News - 9 hours agoChina’s new online marketing rules tighten an already sweeping crypto ban and place fresh pressure on financial influencers, echoing parallel crackdowns in Europe, Australia and…
- ECB signs standards deals to cut digital euro integration costsCointelegraph.com News - 9 hours agoThe ECB signed deals with three standards bodies to reuse open payment standards for the digital euro and lower integration costs for banks and merchants.The…
- Zondacrypto CEO goes off radar as Poland probe deepensCointelegraph.com News - 10 hours agoPolish prosecutors are investigating Zondacrypto over alleged fraud and fund access issues, while local media report that CEO Przemysław Kral is in Israel.Zondacrypto’s crisis deepened…
- Wisconsin sues Kalshi, Polymarket, others over sports event contractsCointelegraph.com News - 11 hours agoWisconsin’s lawsuit against Kalshi, Robinhood, Coinbase, Polymarket and Crypto.com deepens the battle between state gambling enforcers and federal regulators over sports prediction markets.Wisconsin’s top law…
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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