Tether
| Last updated | 5 hours ago |
| Price per USDT in USD | $ 1.0001658819736 |
| Price per USDT in Bitcoin | 0 |
| Volume over the last 24 hours | $ 118,351,203,332 |
| Market cap in USD | $ 152,514,435,326 |
| Change in % over the last hour | 0.02463687 |
| Change in % over the last 24 hours | 0.0116494 |
| Change in % over the last 7 days | -0.0030894 |
USDT specifications
| Name | Tether |
| Symbol | USDT |
| Minable | No |
| Algorithm | N/A |
| Prooftype | N/A |
| Total coin supply | N/A |
| Premine: | N/A |
Coin description
Tether (USDT) is a stablecoin pegged to the value of the US dollar, providing stability in the volatile cryptocurrency market. It operates on multiple blockchains, including Ethereum, Tron, and Bitcoin's Omni Layer, ensuring broad accessibility and liquidity. Tether's primary use case is facilitating seamless transfers between fiat and cryptocurrencies.
Tether Stability and Liquidity
Tether's peg to the US dollar ensures that each USDT token is backed by reserves, maintaining its value even during market fluctuations. Its widespread adoption has made it a cornerstone of the cryptocurrency ecosystem, serving as a medium of exchange, store of value, and unit of account. For example, traders often use Tether to hedge against volatility when moving funds between exchanges.
Despite its popularity, Tether has faced scrutiny over its reserve audits and transparency. However, its role in providing liquidity and stability cannot be overstated. Keywords like Tether stablecoin and fiat-backed cryptocurrency are closely tied to this project.