TetherUSDT
$ 1.00
0.00001613 BTC
Marketcap
$ 118,945,032,790
Volume (24h)
$ 64,571,737,942
Circulating Supply
118,891,598,050 USDT
Total Supply
118,891,598,050 USDT
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- $JACKY
- MAT
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- TOX
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- OMN
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- SETS
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- GNF
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- RUB
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- USD
- USX
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- MGA
- WST
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- TOP
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- VEF
- ZMW
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- SEK
- SRD
- THB
- TRY
- UGX
- VND
- XAU
- YER
- SLE
- VES
- SSP
- MRU
- CNH
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.
Latest Tether News
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- Bitcoin Price Surges After Fed Rate Cut: New Rally Ahead?NewsBTC - 3 hours agoBitcoin price started another increase above the $60,500 resistance. The Fed reduced rates by 0.50%, sparking a bullish wave in BTC toward $62,500. Bitcoin is…
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- Ethereum In 2021 Vs. 2024: Fractal Suggests Major Breakout In Q4NewsBTC - 5 hours agoRecent Ethereum price action saw ETH reaching another low of $2,150 on September 6, raising concerns of a more severe drop towards the $2,000 price…
- Solana (SOL) Could Crash 40% If It Stays Below $140 – Top Analyst Shares InsightsNewsBTC - 7 hours agoSolana (SOL) faces significant risk as the broader cryptocurrency market rebounds from local lows, yet SOL struggles to break above the crucial $140 resistance level.…
- SUI Climbs 36% Amid Bullish Breakout – Is $1.50 The Next Target?NewsBTC - 8 hours agoSUI has made some gigantic moves recently, posting strong bullish signals. In the last week, SUI registered an impressive 33% rally, pushing the price up…
- Dogecoin Network Sees Increased Activity – Will DOGE Hold $0.10?Bitcoinist.com - 3 hours agoDogecoin is testing a crucial price level after a turbulent week that saw a 22% surge from local lows and a sharp 9% drop to…
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- Hong Kong Crypto Growth Tops Eastern Asia – How Did It Outpace The region?Bitcoinist.com - 7 hours agoHong Kong’s 86% year-over-year crypto transaction growth is impressive. Chainalysis reports that Hong Kong leads Eastern Asia in crypto adoption following this rise. The region…
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