Tether
TetherRank: # 3
Market Cap: $ 186,852,778,985
Volume (24hrs): $ 50,848,214,840
Circulating Supply: 186,959,396,801 USDT
Price in BTC: Ƀ 0.00001619
Change (1 Hr): -0.01%
Change (7 Days): 0.09%
Change (30 Days): -0.05%
All Time High: $ 1.32
All Time High Date: July 24, 2018
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| Date | Open | Close | High | Low | Volume |
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| # | Source | Pair | Volume | Price | Change | Updated |
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- Bitcoin most oversold since 2020 crash: Can BTC rebound to $70K next?Cointelegraph.com News - 21 hours agoBitcoin’s latest oversold RSI mirrors 2020 and February 2026 setups that preceded 50% and 30% rebounds, putting $70K back in focus.Bitcoin (BTC) is now flashing…
- ETH falls to 13-month low on Zcash bug news and Bitcoin drop to sub-$60K: Is $1.4K next?Cointelegraph.com News - 1 day agoETH price crashed below $1,600 as a vulnerability in Zcash emerged and Bitcoin sold off below $60,000 for the first time in months. Key takeaways:Ether…
- Travala lets AI agents book hotels with USDC on BaseCointelegraph.com News - 1 day agoTravala’s new protocol lets AI agents search and book hotels with USDC on Base, but travelers still approve the final payment.Singapore-based crypto travel platform Travala…
- Crypto tax proposals weighed ahead of Tuesday House hearingCointelegraph.com News - 1 day agoAmong the issues US lawmakers are expected to discuss in a digital asset taxation hearing are “de minimis” reporting exceptions for crypto transactions.The US House…
- Bitcoin bears face $2.6B trap as BTC funding rate drops: Is a short squeeze brewing?Cointelegraph.com News - 1 day agoBitcoin bears piled into short positions as BTC price slid to $60,000. Will the $2.6 billion in short leverage lead to an upside squeeze? Key…
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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