Tether current price is €1.019 with a marketcap of €69.26 B. Its price is 0.05% up in the last 24 hours.
- Tether (USDT)
- Live Price €1.019
- Market Cap €69.26 B
- Volume €34.84 B
- Available Supply 67.95 B USDT
- Rank 3
Technical analysis, backgrounds and info on this crypto coin
As Bitcoin is the largest crypto currency, Tether (USDT) is one of the biggest stable coin (measured by market capitalisation). This cryptocurrency has become more and more popular over years. Given the plans for the future, many insiders have high expectations of the Tether (USDT) price. Of course you can trade and/or invest in Tether (USDT) as well. On this page you'll find basic statistics and characteristics of Tether (USDT). Furthermore you'll find info regarding the Tether (USDT) price, basic technical analysis and a brief explanation of the story of Tether (USDT)
Current Tether (USDT) price
Please see below the Tether price chart as provided by our home broker.
Onchain Metrics Tether (USDT)
If you want to perform a technical analysis of Tether and decide whether it is the right time to trade or invest, please check the on-chain metrics as provided by our partners of Into the Block.
These On-chain metrics are updated once a day (rondabout 11 pm est, which is 5 am Dutch time). If you want to check the latest update, please dive deeper into the On-chain metrics of our metrics partner IntotheBlock.io.
Furthermore, we provide you with the price chart and historical data for Tether (USDT) at the bottom of this page. Before we get there, we provide you with the upcoming agenda as well as some backgrounds and info on Tether.
The Tether agenda
In order to provide you with an accurate overview of coming Tether agenda items and events, you'll find our Tether agenda below.
If you are interested in the agenda items for other cryptocurrencies and/or the most important economic items on the macro-economic agenda, please visit our calendar page.
What is Tether?
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).
Who created Tether?
The precursor to Tether, originally named "Realcoin", was announced in July 2014 by co-founders Brock Pierce, Reeve Collins, and Craig Sellars as a Santa Monica-based startup. The first tokens were issued on 6 October 2014, on the Bitcoin blockchain. This was done by using the Omni Layer Protocol.
What is the purpose of Tether (USDT)?
The primary purpose 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).
Tether (USDT) nowadays
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.
The future of Tether (USDT)
The main future of Tether is to bring back the essential qualities of money inherent in the original Tether software. Over the years, these qualities were filtered out of Bitcoin Core, and progress was stifled by various people, organizations, and companies involved in Bitcoin protocol development. The result is that Bitcoin Core is currently unusable as money due to increasingly high fees per transaction and transfer times taking hours to complete. This is all because of the 1MB limitation of Bitcoin Core’s block size, causing it unable to accommodate to a large number of transactions.
Further technical analysis of this coin
For further technical analysis you’ll find the current price chart and overview of historical data at the bottom of this page. Do you need more on-chain metrics? You can find these on the site of our on-chain metrix partner IntotheBlock.
Do you want to trade in this crypto?
If you want to trade in this cryptocurrency you might consider to sign up with one of our home exchanges: Changelly, CEX.io or Binance. When your mother tongue is Dutch or French you might also consider Bitvavo. If you want to know more about choosing the right crypto exchange, please visit our crypto exchages page.
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