

Rank: # 3
Market Cap: $ 159,084,868,285
Volume (24hrs): $ 119,319,520,717
Circulating Supply: 159,085,671,680 USDT
Price in BTC: Ƀ 0.00000865
Change (1 Hr): -0.01%
Change (7 Days): -0.03%
Change (30 Days): -0.01%
All Time High: $ 1.32
All Time High Date: July 24, 2018
Tether Coverter:
Tether Coverter:
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# | Source | Pair | Volume | Price | Change | Updated |
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- China’s 100K TPS blockchain, Japan’s Minna Bank eyes Solana: Asia ExpressCointelegraph.com News - 2 hours agoChina’s Chang’an blockchain hits 100K TPS — but don’t mention “crypto”, Japan’s Minna Bank looks to issue stablecoins on Solana, Asia Express Beijings state media…
- SUI bullish chart pattern confirmation sets breakout target at $3.89Cointelegraph.com News - 3 hours agoSUI broke out of an inverse head-and-shoulders pattern, opening the door for a rally to $3.89. Key points:SUI broke above a bullish pattern, opening the…
- US Senate confirms ex-Bitfury exec to lead OCC banking regulatorCointelegraph.com News - 3 hours agoJonathan Gould will return to the OCC as Comptroller of the Currency to serve a five-year term following his nomination by US President Donald Trump.…
- Crypto scammer's sentence bumped to 12 years from 18 months for welshing on debtCointelegraph.com News - 3 hours agoNicholas Truglia was initially sentenced to 18 months behind bars for carrying out SIM-swapping attacks against crypto investors. Nicholas Truglia, a crypto scammer convicted in…
- ETH maxis scream for $3K, but data shows pro Ether traders cautiously positionedCointelegraph.com News - 4 hours agoEther price rallied to $3,000, but the key components needed to hold the level are still missing. Key takeaways:ETH futures and options markets show hesitation…
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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