Tether (USDT) is a digital currency with a value meant to mirror that of the U.S. dollar. Launched in 2014, the idea behind Tether was to create a stable cryptocurrency that can be used like digital dollars, or “stablecoins.” Tethers are anchored, or “tethered,” to the price of the U.S. dollar.
While Tether initially used the Bitcoin network’s Omni Layer as its transport protocol, Tether is now available as an ERC20 token on Ethereum. In total, Tether is issued on the Bitcoin (both Omni and Liquid Protocol), Ethereum, EOS, and Tron blockchains.
Tether tokens are issued by Tether Limited, which shares a CEO with crypto exchange Bitfinex. Tether had previously claimed that Tether currencies are 100% backed by Tether’s reserves, but after Tether lawyers noted in 2019 that there was only 74% backing of Tether, or a fractional reserve, Tether has noted that the definition of total backing includes loans to affiliate companies.
Tether is used as a way to hedge against crypto market volatility due to its stability. Since each USDT token is pegged to one dollar, keeping money in Tether protects it from the usual volatility of the cryptocurrency market. A large part of Bitcoin trading is done in Tether for this reason, as it can be a fiat on- and off-ramp for crypto trading.
You can purchase Tether on any cryptocurrency exchange that offers it. For the latest list of exchanges and trading pairs for this cryptocurrency, click on our market pairs tab. Remember to do your own research before choosing an exchange.
| Tether Price | $1.00 USD |
|---|---|
| Tether ROI | 0.20% |
| Posizione mercato | #4 |
| Cap. del mercato | $8,815,561,675 USD |
| Volume 24 ore | $40,566,138,532 USD |
| Rifornimento circolante | 8,798,069,379 USDT |
| Rifornimento totale | 9,079,177,442 USDT |
| Rifornimento massimo | Nessun dato |
| Più alto di sempre | $1.21 USD (May 27, 2017) |
| Più basso di sempre | $0 USD (Sep 18, 2019) |
| Più alto/Più basso 52 sett. | $1.08 USD / $0.899490 USD |
| Più alto/Più basso 90 gg | $1.08 USD / $0.899490 USD |
| Più alto/Più basso 30 gg | $1.06 USD / $0.971167 USD |
| Più alto/Più basso 7 gg | $1.02 USD / $0.993241 USD |
| Più alto/Più basso 24 ore | $1.01 USD / $0.995236 USD |
| Più alto/Più basso ieri | $1.01 USD / $0.995236 USD |
| Apertura/Chiusura ieri | $1.00 USD / $1.00 USD |
| Risultato ieri | $-0.002969 USD (-0.30%) |
| Volume ieri | $38,116,870,951 USD |