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Tether USD (USDT) price to USD & live value of today
Tether USD (USDT) live price in US dollar (USD). View statistics about today's value, market cap and supply.
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USDT value statistics
| Price to USD | $ 1.00 | ||
|---|---|---|---|
| Price to BTC | 0.000111 BTC | ||
| Rank | 3 | ||
| 24h volume | $ 12.75 billion | ||
| Market cap | $ 9.74 billion | ||
| All-time high | $ 2.00 | on 7/22/2016 |
Supply information
| Circulating supply | 9.70 billion USDT |
|---|---|
| Total supply | 9.87 billion USDT |
What is Tether USD
Tether (USDT) has pegged its USDT tokens to the price of the US dollar by using blockchain technology. Tether belongs to the category cryptocurrencies called stablecoins that aims to keep cryptocurrency valuations stable, in opposition to other cryptocurrencies, such as Bitcoin and Ethereum.
The goal of Tether
Tether was designed to build a bridge between cryptocurrencies and fiat currencies, with the benefits of cross-border payments facilitated by blockchain technology. Its purpose is to provide a token that represents a fiat currency at a 1:1 ratio, with in this case US dollar.
Who started Tether
In July 2014, Tether was first launched as RealCoin. Later it was rebranded as Tether in November 2014 by Tether Ltd., the company that is responsible for maintaining the reserve amounts of fiat currency. It started trading in February 2015. The project was initially founded by Bitcoin Foundation director Brock Pierce, software engineer Craig Sellars, and entrepreneur Reeve Collins.
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