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Tether price
$1.00
Tether price
About Tether (USDT)
Tether is the world’s first stablecoin. Tether (USDT) was created in 2014 as the first “stablecoin” which according to tether is a digital asset that is fully backed 1:1 by ‘real world currencies’. Tether aims to track the US Dollar and is designed to be used as a means of converting cash to digital currency, and claim that all Tethers in circulation reflect the amount of their reserves in U.S. Dollars.
What is Tether (USDT)
A Deep Dive on Tether
Tether (USDT) serves as a bridge between traditional finance and the blockchain world that aims to provide a stable digital asset representing the world’s largest currency. Like a financial mirror, it creates blockchain-based versions of the United States dollar, making it accessible and functional across a variety of crypto platforms.
Overview and Purpose
Tether operates in the payments sector of the crypto industry, specifically focusing on stablecoins. Its primary purpose is to provide onchain digital assets aims to maintain a stable value by being pegged to global fiat currencies. Each Tether token is designed to maintain a 1-to-1 relationship with its corresponding fiat currency (e.g., 1 USDT = 1 USD) and is backed by Tether's reserves.
Network Architecture
Tether demonstrates wide spread integration across different blockchain ecosystems operating across multiple major networks including Bitcoin, Ethereum, Tron, Solana and Avalanche to name just a few. This multi-chain presence enables broad accessibility and integration with various blockchain ecosystems. The platform also supports smart contract functionality, enhancing its utility potential across different blockchain environments.
Tether Token Fundamentals
USDT, Tether's primary token, serves multiple crucial functions within the cryptocurrency ecosystem:
- Acts as a medium of exchange between users
- Maintains price stability and peg with other assets
- Enables cashless transactions
- Provides stability during market volatility
- Facilitates merchant payments for goods and services
Supply Characteristics
Tether's supply model is uniquely demand-driven, with no maximum supply cap. New tokens are issued when entities deposit assets with Tether to receive their equivalent value onchain. The minting process is entirely dependent on market demand, with tokens being issued at a 1:1 ratio with the deposited fiat currency.
Project Development
Tether launched on October 6, 2014 and went on to pioneer the stablecoin model followed by many other offerings that have followed it. The project was founded by Brock Pierce, Reeve Collins, and Craig Sellars in the British Virgin Islands. Each founder brought unique expertise:
- Craig Sellars served as Co-founder and Chief Technologist, leveraging his experience with Bitcoin's Omni Layer to deploy USDT initially on the Bitcoin network
- Reeve Collins acted as CEO until 2015 and is credited with inventing the stablecoin concept
- Brock Pierce, who had previously co-founded Blockchain Capital, contributed to the project until 2015
Relevant Links
- Official Website: https://tether.to
- X / Twitter: https://twitter.com/Tether_to
- LinkedIn: https://www.linkedin.com/company/tether
- Reddit: https://www.reddit.com/r/Tether/
- GitHub: https://github.com/tetherto
- Whitepaper: Available through Tether's official assets portal
Although the term "stablecoin" is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions.
Tether (USDT) Price Today
Tether price today is $1.00.
97,388,796 USDT was purchased today on Kraken worth $97,381,589. Check out the USDT chart above for more real time price data. Want to get updates on the latest crypto prices on-the-go? Sign up today to receive USDT price alerts. Kraken lets you buy and sell 405 cryptocurrencies, including USDT. There are some geographic restrictions which may affect the assets that are available in your verified country of residence. View all crypto prices.
Tether (USDT) Price History
Tether price is -0.04% over the last year. The highest price of USDT in the last year was $1.00 and the lowest price of Tether in the last year was $1.00.
24h
+0.01%
7d
+0.03%
1m
+0.03%
1y
-0.04%
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Categories
Kraken classes Tether to be within the following categories: Stablecoins, Solana Ecosystem, Avalanche Ecosystem, Ethereum Ecosystem, Tron Ecosystem.
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Tether FAQ
Can I trade Tether at a lower price?
Yes, you can choose what price you pay for Tether using Custom Orders on Kraken. If the price of Tether reaches to your desired price, the order will execute automatically.
Is now a good time to buy Tether?
Timing the market can be tough, but dollar cost averaging can help. By setting up recurring buys, you can constantly accumulate Tether over time and not worry about whether or not now is the best time to buy.
What is the daily trading volume of Tether?
97,388,796 USDT worth $97,381,589 was traded on Kraken in the last 24 hours.
What affects the Tether price?
A variety of factors affect the price of Tether including market sentiment, technical developments, user adoption and macro economic events.
How do I read the Tether price chart?
To read the Tether price chart, it can be useful to start by understanding the X-axis (which represents time) and the Y-axis (which represents the price). A line chart connects a crypto asset's closing prices with straight lines to clearly display its performance over time.
How can I analyze prices with the Tether chart?
Analyzing price movement using the USDT chart can involve identifying areas of support and resistance, or using technical analysis which is the study of past price movements to forecast future trends. However, it's important to remember that no method can predict prices with 100% accuracy due to the market's volatility.
Tether Dollar Cost Averaging Calculator
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Tether markets
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