|Volume / Market Cap||0.66|
|Total Supply||73,141,766,321 USDT|
Tether is currently trading at $1.0001, after a price change of 0.01% in the last 24 hours.
Ranked as cryptocurrency #3 by capitalization today, USDT market cap is valued at $66,278,945,162. USDT trading volume reached $43,838,000,074 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on USDT coin price prediction page.
What is Tether?
Tether is a crypto coin introduced by Tether Limited. Being a stablecoin, one of its main purposes is to maintain the constancy of crypto values. Since it is based on blockchain, it can offer adequate transparency and security. Using this coin, you can convert fiat currencies like EUR and USD into digital securities.
Tether limited backs up each token using their reserve fund which comprises cash equivalents and fiat currencies. Occasionally, there may be additional securities received via third-party loans. Each token has a one-to-one relation with USD, which means the value of a single token always equals 1 USD.
The parent company publishes the reserve valuations each day. This is always equal to or more than the total valuation of all coins circulating among users. Today, all reputed exchanges support USDT, making it one of the most favored stablecoins with high liquidity.
With Tether, you can carry out transactions through a decentralized system while paying minimal fees and enjoying swift transaction speed. You can also transfer this stablecoin between exchanges and wallets that support it. The crypto market often turns volatile, due to which you may feel the need to hold coins that have fixed prices. Tether is ideal for this purpose.