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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 1.0003USD. The last 24-hour trading volume of Tether is $893.81M. USDT price has decreased by -0.10% in the last 24 hours. It has a circulating supply of 57.29B coins, and the total market cap of Tether is $57.30B. 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.
May 13, 09:00:07 PM | Sergio Goschenko
Tether, the largest stablecoin by market cap, has reached a milestone by issuing 30 billion USDT on top of the Tron blockchain. While the stablecoin is now present on several chains, including BSC (Binance Smart Chain) most of it is now on Tron du...
May 12, 10:00:13 AM | NewsBTC
The global crypto spot exchange and derivatives trading platform, OKEx has extended support for Shiba Inu Network – an experimental DeFi project that gained unexpected popularity. According to the announcement, the project’s first native crypto as...
Apr 26, 03:00:08 PM | Jamie Redman
The blockchain stablecoin issuer Tether Operations Limited has recently surpassed a $50 billion market valuation after seeing exponential growth during the last few years. Furthermore, the stablecoin tether has launched on the trading platform Coi...
Apr 13, 03:00:05 AM | Cointelegraph By Martin Young
The three largest stablecoins represent a combined capitalization of $60 billion.