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Tether

Tether is a type of digital crypto currency, utilizing peer-to-peer transactions, mining and other technological feats into a modern day asset. Use this page to follow news and updates regarding Tether, create alerts, follow analysis and opinion and get real time market data.

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1 USDT =

$ 1.0006

0.0000 0%

05:56:58 - Real-time Data . ( Disclaimer )

Market Cap:

$79.08B

Circulating Supply:

USDT79.02B

Max Supply:

USDT0

Vol (24H):

$20.91B

Chg (7D):

-0.21%

Day's Range:

1.0003 - 1.0007

Investing.com Index

1D 1W 1M 6M 1Y 5Y Max

Tether News

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Tether Analysis & Opinion

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Ethereum has been falling since Nov. 10 The second leading crypto...

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Richsand Abat Dec 04, 2021 17:12

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yes all around the world globe all country i meed help im the one there looking for here in united states of america chicago illinois all country people i need help 🇺🇸 no corona no covid im a Filipino

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Arthur Luna Mar 24, 2021 6:38

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Is USDT the digital dollar?

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Indy LR Mar 24, 2021 6:38

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yes ,from hongkong

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FAQ

What is Tether?
Tether is an offering from Hong Kong-based tech company Tether Holdings. Tether or USDT was created to address the volatility concerns which currently plague the crypto industry. Given this, Tether is backed by fiat and is a stablecoin that aims to track the value of the US dollar. By extension, it aims to make crypto valuation stable. Tether serves as the first digital asset used by most crypto investors in interfacing with the crypto space.
How to buy Tether
Tether can be bought from most crypto exchanges in the blockchain ecosystem. Many crypto investors use it as a payment rail to buy other cryptocurrencies, making it highly popular. Exchanges like Binance, Huobi Global, Coinbase, Gate.io, Kucoin, and several others offer Tether purchases. Tether is the easiest cryptocurrency to lay your hands on.
How does Tether work?
Tether tracks the price movement of the US dollar, and since the coin is a stablecoin, Tether cannot be lower or higher than $1 with some little variation. This is why every Tether coin in circulation must be duly backed by a commensurate amount of physical cash or appropriate financial instrument.
How to mine Tether
Although Tether is a digital currency like Bitcoin, it cannot be mined as it is inherently pegged to the US greenback. Mining Tether would go against the reason why this cryptocurrency was created. The only way to get more Tether coins is to buy them.
How does Tether make money?
How does Tether make money? Tether doesn't make money; on the contrary, it loses money because it is tied to a real-world asset. Nonetheless, it serves as a lubricant for the fast-evolving crypto market.
Why has Tether coin caused so much controversy?
Tether coin has been involved in controversy over accusations that it has not been transparent with its reserves. The stablecoin company was required to post the quarterly records of its fiat reserve currencies after a lawsuit filed by the New York Attorney General (NYAG) office. The company recently posted its records and showed that only 10% of the more than $69 billion-worth of Tether coins are backed with real cash and similar financial instruments. This record has drawn the ire of regulators and critics who allege that the stablecoin is printing money. The firm was recently embroiled in financial misappropriation with crypto exchange BitFinex which saw it slammed with an $18 million fine.