Rank #3
usdt Tether
$ 0.9995
0.00%
0.00001218 BTC
1,218 satoshies0.00%
Market Cap
144,27 BN. $
24 Hour Trading Vol
46,13 BN. $
Circulating Supply
144,34 BN.
Total Supply
144,34 BN.
Max Supply
-
Fully Diluted Valuation
144,27 BN. $
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About Coin
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.
Where is Tether available for purchase?
You can exchange USDT tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Tether is Binance, notably the USDT/USDT pair, which saw a trading volume of $ 2,91 BN. in the past day. Additionally, WEEX and Crypto.com Exchange are popular alternatives for trading tokens.
What is the highest value Tether (USDT) has ever reached?
Tether (USDT) reached its peak price at 1.32 $ on 24 July 2018, approximately 7 years ago ago. Presently, the current price is -24.28% lower than this all-time high.
What is the historical minimum price for Tether (USDT)?
The minimum price reached for Tether (USDT) was 0.5725 $, documented on 02 March 2015, more than 10 years ago. In comparison, the current price is 74.57%, it above this historical low.
What is the fully diluted valuation of Tether (USDT)?
The fully diluted valuation (FDV) of Tether (USDT) stands at $ 144,27 BN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of USDT tokens. The realization of this FDV might take several years depending on the emission schedule of USDT tokens.
How to add Tether (USDT) to MetaMask?
By integrating Tether (USDT) into MetaMask, you gain access to features like monitoring your token balances and trading on decentralized exchanges. To do this, you'll need to import USDT as a token. You can either manually import USDT by copying its contract address (0xdac17f958d2ee523a2206206994597c13d831ec7) or use MetaMask's Chrome extension to add USDT with a single click through P.CASH.
How to add Tether (USDT) to TrustWallet?
Incorporating Tether (USDT) into your TrustWallet setup enables you to monitor your token holdings and engage in decentralized exchange transactions, among other functions. To include USDT, you can either manually import it using the contract address (0xdac17f958d2ee523a2206206994597c13d831ec7) or conveniently add it to Trust Wallet with just one click via P.CASH if you've installed Trust Wallet's Chrome extension.
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