tether Tether (USDT)

0.43% (24H)
Tapa del mercadoVolumenSuministro disponible
$70.74 B $62.68 B70.53 B USDT

Tether current price is $1.000 with a marketcap of $70.74 B. Its price is 0.43% arriba in last 24 hours.

Tether (USDT) is a cryptocurrency whose value is intended to replicate that of the US dollar. The goal was to develop a reliable cryptocurrency that could be utilized in the same way as digital dollars are used. Steady coins are coins that act as a stable dollar equivalent. Tether is the most widely used stable currency, and it may even be used in lieu of dollars on several major exchanges! Tether converts cash to digital currency in order to "tether" the coin's value to the price of national currencies such as the US dollar, the Euro, and the Yen. As with other cryptocurrencies, it is based on the blockchain. In comparison to other cryptocurrencies, it is [according to the official Tether website] "100% backed by USD" (USD is held in reserve). Tether's main purpose is to provide stability to the otherwise turbulent crypto sector and to provide liquidity to exchanges that cannot trade in dollars or with banks (for example to the sometimes controversial but leading exchange Bitfinex). According to the legal section of its website, the digital currencies are issued by a corporation named Tether Limited, which is regulated by the laws of the British Virgin Islands. It is headquartered in Hong Kong. Jan Ludovicus van der Velde has been named the CEO of cryptocurrency exchange Bitfinex, which has been accused of manipulating the price of bitcoin and tether. Numerous users of cryptocurrency exchanges, like Bitfinex, will utilize tether to purchase other cryptocurrencies, such as bitcoin. Tether Limited claims that utilizing this technique to purchase virtual currencies enables customers to transfer cash more rapidly and inexpensively in and out of an exchange. Additionally, exchanges often have tense ties with banks, and utilizing Tether circumvents this. USDT is a very straightforward currency to use. It may be used to buy Bitcoin and other cryptocurrencies through exchanges like as Poloniex or Bittrex. It may be simply transferred from an exchange to any wallet that supports the Omni Layer. Tether does not impose transaction fees, but other wallets and exchanges may. Users must pay a modest charge to convert USDT to USD and vice versa through the Tether.to Platform. Tether may be purchased and sold for Bitcoin via a number of exchanges, including those listed above, or through the Tether.to platform, which also facilitates the transfer of USD to and from your bank account.

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