Rank #1262
usdte Bridged Tether (Avalanche)
$ 1
0.05855 BTC
855 satoshies
Market Cap
21,72 MLN. $
24 Hour Trading Vol
346,955.9254 $
Circulating Supply
21,72 MLN.
Total Supply
21,72 MLN.
Max Supply
-
Fully Diluted Valuation
21,70 MLN. $
Low
Range
High
Info
1h
24h
7d
1m
1y
max
-
-
-
-
-
-
Bridged Tether (Avalanche) Price Statistics
1 $
0.9931 $ / 1.002 $
346,955.9254 $
#1262
21,72 MLN. $
1.25 $
-20%
15 May, 2022, (3 years ago)
0.8621 $
15.98%
01 April, 2022, (3 years ago)
Bridged Tether (Avalanche) Top Markets
#
Exchange
Pair
Price
24h Volume
Volume
Trust Score
8
$ 0.9993 1.0003345 usdte
$ 3,232.37 3,232.6583 usdte
0.57%
Bridged Tether (Avalanche) Performance
Trading Pair
day
week
month
usdte
/
usd
0.06%
0.1%
-0.01%
usdte
/
btc
0.06%
0.1%
-0.01%
usdte
/
eth
0.06%
0.1%
-0.01%
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 Bridged Tether (Avalanche) available for purchase?
You can exchange USDTE tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Bridged Tether (Avalanche) is LFJ V2.2 (Avalanche), notably the USDTE/USDC pair, which saw a trading volume of $ 292,516 in the past day. Additionally, LFJ V2.1 (Avalanche) and LFJ are popular alternatives for trading tokens.
What is the highest value Bridged Tether (Avalanche) (USDTE) has ever reached?
Bridged Tether (Avalanche) (USDTE) reached its peak price at 1.25 $ on 15 May 2022, approximately 3 years ago ago. Presently, the current price is -19.99% lower than this all-time high.
What is the historical minimum price for Bridged Tether (Avalanche) (USDTE)?
The minimum price reached for Bridged Tether (Avalanche) (USDTE) was 0.8621 $, documented on 01 April 2022, more than 3 years ago. In comparison, the current price is 15.98%, it above this historical low.
What is the fully diluted valuation of Bridged Tether (Avalanche) (USDTE)?
The fully diluted valuation (FDV) of Bridged Tether (Avalanche) (USDTE) stands at $ 21,70 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of USDTE tokens. The realization of this FDV might take several years depending on the emission schedule of USDTE tokens.
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