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USDT is a stablecoin, mirroring the U.S. dollar price, issued by Tether, a Hong Kong-based company. The token's peg to the USD is accomplished by holding a dollar amount in reserves equal to the USDT in circulation. During times of high uncertainty, USDT is a safe haven for crypto-investors, who can park their portfolios in Tether without having to cash out in USD. It also provides a simple way to transact an equivalent US dollar between regions , nations, and even continents through Bitcoin-based network. However, there has been some debate over the validity of Tether's statements regarding their USD reserves. USDT 's price has often been disturbed, dropping as low as $0.88 at one point in its history. It's not clear whether a third party never thoroughly audited the company's reserves.
Tether (USDT) coin's current price is 1.0004USD. The last 24-hour trading volume of Tether is $463.39M. USDT price has not changed in the last 24 hours. It has a circulating supply of 35.87B coins, and the total market cap of Tether is $35.89B. Users can use Binance, Bitfinex, or other cryptocurrency exchanges to purchase Tether with USD utilizing their bank account and credit cards. Use the Aurox Terminal to purchase Tether across multiple exchanges, track and view Tether price charts, as well as utilize our proprietary signals and indicators to help you predict the market.
Feb 19, 10:00:08 AM | Terence Zimwara
The Binance token has toppled the stablecoin Tether to become the third-largest crypto asset by market capitalization. After starting the month of February a little under $50, the token had raced past the $250 mark on February 19. At the time of w...
Feb 15, 12:00:04 AM | Cointelegraph By Marcel Pechman
Crypto exchanges offer USDT and BTC settled perpetual futures contracts but which is best suited for the average trader?
Jan 25, 04:00:07 PM | Jamie Redman
During the last two months, tether transactions have spiked considerably. More recently, however, USDT transactions on the Tron network have outpaced the number of tether transfers on the Ethereum blockchain. Despite a whole lot more ERC20-based t...
Jan 13, 09:00:15 PM | Terence Zimwara
Bitfinex general counsel Stuart Hoegner has dismissed the notion that only 74% of the tether stablecoin in circulation is fully backed. Hoegner insists the stablecoin is fully backed by assets that include cash, cash equivalents as well as bitcoin...
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