Stay up-to-date with the latest Tether (USDT) crypto coin price, market cap, and chart data to make informed decisions about your cryptocurrency investments.
Current Tether (USDT) Crypto Coin Value: $1.000
The present value of Tether (USDT) crypto coin stands at $1.000. This live price update will help you keep track of your Tether (USDT) investments and make timely decisions based on market movements.
Tether (USDT) Crypto Market Capitalization: $82.91 B
With a market capitalization of $82.91 B, Tether (USDT) is an essential player in the cryptocurrency market. This section will provide insights into the overall market position of Tether (USDT) and its significance in the crypto ecosystem.
Tether (USDT) Price Fluctuation: 0.03% up in the Last 24 Hours
Over the past 24 hours, Tether (USDT) has undergone a 0.03% up price fluctuation. In this section, we'll analyze the factors contributing to these changes and discuss potential future trends for Tether (USDT).
Tether (USDT) Crypto Coin Performance Charts
Visualize the performance of Tether (USDT) coin with interactive and easy-to-read charts. Track price movements, trading volume, and other essential data to stay informed about the latest trends in the Tether (USDT) market.
Tether (USDT) Crypto Coin 24-hour Chart: Get a snapshot of Tether's performance over the last 24 hours.
Tether (USDT) Crypto Coin 7-day Chart: Analyze Tether's trends over the past week to understand its market behavior.
Tether (USDT) Crypto Coin 30-day Chart: Gain a broader perspective on Tether's performance with a monthly chart.
Tether (USDT) Crypto Coin Year-to-Date Chart: Review Tether's progress since the beginning of the year for a comprehensive analysis.
What is Tether (USDT) Crypto Coin
Staying informed about the latest Tether (USDT) crypto coin price, market cap, and charts is crucial for making well-informed decisions in the ever-changing world of cryptocurrencies. Keep an eye on these essential metrics to stay ahead of the game and maximize your returns on Tether investments.
Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S. dollar. The idea was to create a stable cryptocurrency that can be used like digital dollars. Coins that serve this purpose of being a stable dollar substitute are called “stable coins.” Tether is the most popular stable coin and even acts as a dollar replacement on many popular exchanges! According to their site, Tether converts cash into digital currency, to anchor or “tether” the value of the coin to the price of national currencies like the US dollar, the Euro, and the Yen. Like other cryptos it uses blockchain. Unlike other cryptos, it is [according to the official Tether site] “100% backed by USD” (USD is held in reserve). The primary use of Tether is that it offers some stability to the otherwise volatile crypto space and offers liquidity to exchanges who can’t deal in dollars and with banks (for example to the sometimes controversial but leading exchange Bitfinex).The digital coins are issued by a company called Tether Limited that is governed by the laws of the British Virgin Islands, according to the legal part of its website. It is incorporated in Hong Kong. It has emerged that Jan Ludovicus van der Velde is the CEO of cryptocurrency exchange Bitfinex, which has been accused of being involved in the price manipulation of bitcoin, as well as tether. Many people trading on exchanges, including Bitfinex, will use tether to buy other cryptocurrencies like bitcoin. Tether Limited argues that using this method to buy virtual currencies allows users to move fiat in and out of an exchange more quickly and cheaply. Also, exchanges typically have rocky relationships with banks, and using Tether is a way to circumvent that.USDT is fairly simple to use. Once on exchanges like Poloniex or Bittrex, it can be used to purchase Bitcoin and other cryptocurrencies. It can be easily transferred from an exchange to any Omni Layer enabled wallet. Tether has no transaction fees, although external wallets and exchanges may charge one. In order to convert USDT to USD and vise versa through the Tether.to Platform, users must pay a small fee. Buying and selling Tether for Bitcoin can be done through a variety of exchanges like the ones mentioned previously or through the Tether.to platform, which also allows the conversion between USD to and from your bank account.