Tether (USDT)

-0.01 %

Market Cap

The total market value of a cryptocurrency's circulating supply. It is analogous to the free-float capitalization in the stock market.

Market Cap = Current Price x Circulating Supply.

24 Hour Trading Vol

A measure of how much of a cryptocurrency was traded in the last 24 hours.

47073597599>
Fully Diluted Valuation

The market cap if the max supply was in circulation.

Fully-diluted market cap (FDMC) = price x max supply. If max supply is null, FDMC = price x total supply. if max supply and total supply are infinite or not available, fully-diluted market cap shows - -.

68032850700>T
Circulating

The amount of coins that are circulating in the market and are in public hands. It is analogous to the flowing shares in the stock market.

68,028,597,304.00
Total Supply

The amount of coins that have been already created, minus any coins that have been burned. It is analogous to the outstanding shares in the stock market.

If this data has not been submitted by the project or verified by the CMC team, total supply shows - -.

68,028,597,303.93
Max Supply

The maximum amount of coins that will ever exist in the lifetime of the cryptocurrency. It is analogous to the fully diluted shares in the stock market.

If this data has not been submitted by the project or verified by the CMC team, max supply shows - -.

0.00
Low High
Contract
Website
Explorers
Social Media
Tags
Week Month Year All Time
High

Feb 01 2023

1.002617325015
-0.26%

Feb 01 2023

1.002617325015
-0.26%

Nov 21 2022

1.006166562159
-0.61%

Jul 24 2018

-24.42%
Low

Jan 30 2023

1.000453375329
-0.05%

Jan 25 2023

0.997907989979
0.21%

Nov 10 2022

0.993587152777
0.65%

Mar 02 2015

74.67%

Market

Sr. Exchange Pair Price Spread Volume Volume% Confidence Last Traded Trust Score

Historical Data

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Coin
Tether
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Coin Info

Tether (USDT) is a type of cryptocurrency whose value is intended to correspond to the value of the US dollar. While the value of other cryptocurrencies fluctuates often, tether's price is usually equal to $1. The goal of Tether was to develop a stable cryptocurrency that functions similarly to virtual money. 

Stable cryptocurrencies were made with the objective of being a stable dollar alternative. Tether is the most widely used stable currency, and it may even be used to substitute dollars on several famous exchanges! 

According to its website, Tether converts fiat money into digital currency in order to "tether" or connect the coin's value to the level of national currencies like the US dollar, the euro, and the yen. It uses blockchain, like other cryptocurrencies. Unlike other cryptocurrencies, it is "100% backed by USD," according to the official Tether website (USD is held in reserve). Tether's primary purpose is to provide stability to the otherwise volatile crypto market, as well as liquidity to exchanges that cannot trade in dollars or with banks.

The digital currency is issued by Tether Limited, which is regulated by British Virgin Islands law, according to the legal section of its website. It has a Hong Kong incorporation. It has been discovered that Jan Ludovicus van der Velde is the CEO of the cryptocurrency exchange Bitfinex, which has been charged with manipulating the price of tether and bitcoin. Tether is frequently used by traders on exchanges like Bitfinex to acquire other cryptocurrencies like bitcoin. Tether Limited claims that by purchasing virtual currencies in this way, consumers may move fiat more rapidly and efficiently in and out of an exchange.

Also, exchanges often have bad relationships with banks, and utilizing Tether allows them to avoid this. USDT is a simple currency to use. It can be used to buy Bitcoin and other digital currencies on exchanges like Poloniex or Bittrex. It is simple to transfer from one exchange to any Omni Layer-supported wallet. Tether does not impose transaction fees, but other wallets and exchanges may. Users must pay a small price to convert USDT to USD and vice versa using the Tether.to Platform. Buying and selling Tether for Bitcoin can be done through a number of exchanges, including those described above, or through the Tether.to platform, which also enables you to convert USD to and from your bank account.

To know more about Tether, install the top cryptocurrency app CoinGabbar today!

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