Today's Tether Price Summary
Tether's price today is $1.00 USD, with a 24-hour trading volume of $109,089,565,942 USD. USDT is down -0.09% in the last 24 hours. Tether is currently ranked #3 with a market capitalization of $130,141,376,708 USD.
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Ranked # 3
Price
$1.00 (0%)
All Time High
$1.32 (-24%)
Market Cap
$130,141,376,708
Volume (24h)
109,089,565,942
Circulating Supply
130,151,051,348 USDT
About Tether
Tether (USDT) is a cryptocurrency that is pegged fiat currency issued by Tether Limited Company. Using the technology of Blockchain, Tether allows users to keep, send and receive digital tokens pegged to dollars, euros, and yens. Tether uses blockchain via the Omni Layer protocol.
The Omni Layer protocol is the software with an open-source code that interacts with blockchain, ensuring the release and redemption of cryptocurrency tokens based on Bitcoin. It is not known how Tether tokens are created. Tether will absorb all Blockchain fees when sending money from your Tether wallet. Despite the stated parity of USDT and USD, the cryptocurrency price is always slightly off by a few cents.
Whether you are looking for safekeeping, international payments, or just testing the waters of cryptocurrency, understanding what Tether is and how it works can set you on the right path.
What type of cryptocurrency is Tether?
The USDT token on the Tether network is classified as a type of Currency.
What is Tether All-Time High price (ATH)?
On July 24th, 2018 12:00:00 AM, Tether hit a historic high of $1.32 USD. It has been about 6 years ago since Tether reached its peak.
What is Tether All-Time Low price (ATL)?
On March 2nd, 2015 12:00:00 AM, Tether reached a bottoming price of $0.5725210000 USD. About 9 years ago has passed Tether has seen such a low price.
Community Posts
Tether
at
$1.00
on
Jan 21, 2021
Ardoino reveals the only time Bitfinex acquired the bitcoins which now form part of tether’s reserves. "The bitcoins in reserves are a good amount remaining from the past acquisition that we likely did in 2015/16….The bitcoins, which we bought for a good price in 2015/16, will probably be enough for perpetuity." news.bitcoin.com/...loan/
Bitfinex general counsel Stuart Hoegner has dismissed the notion that only 74% of the tether stablecoin in circulation is fully backed. Hoegner insists that all USDT tokens are fully backe...
Tether
at
$1.01
on
Apr 30, 2019
Boom,and it is game over for #Tether, #USDT, #BitFinex and #iFinex. Sworn affidavit reveals #USDT is not 100 percent backed by #USD: twitter.com/...31552
BREAKING: @Tether_to's general counsel acknowledges $USDT only 74% backed by cash and equivalents in affidavit in @NewYorkStateAG case vs @bitfinex. https://t.co/eUk106drYF @nikhileshde writes
— CoinDesk (@coindesk) April 30, 2019
Tether
at
$0.99
on
Apr 26, 2019
The rise of competing, regulated and fiat backed stablecoins mean the margin of error for #USDT and #TetherLimited is narrowing by the day. Time for other legit, scandal free stable coins operating from the US? twitter.com/...55842
Volume of other stablecoins on major crypto exchanges like Binance rising now.
— Joseph Young (@iamjosephyoung) April 26, 2019
Competition is crucial in any market. When one slips, others can emerge as alternatives. In this case, argument can be made that alternatives like GUSD and PAX are better: regulated & transparent. pic.twitter.com/lE4fUA5p68
100%, that it is still up, maintaining a peg raises a lot of red flags! note that this is after they minted $300 million USDT..#DelistTether? where is the trend right now!
How is Tether even up after this news? This lets me know that most people are just reacting to BTC price drop and are not aware of the news. Tether is the problem people!
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That's all we got for #Tether
1 year ago
