Tether coin price
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Tether price

Welcome to Germany

You can buy Tether (USDT) on a large number of cryptocurrency exchanges. Binance, OKEx, HitBTC, Huobi Global are some of the most popular Tether trading exchanges. Tether to usd Critics say Tether operates like a loosely regulated bank that could devastate the entire crypto ecosystem. Their fear, uncertainty, and doubt (FUD) are based on the concern that Tether can’t fulfill millions of orders if everyone rushed to cash out to USD during a market downturn.

Tether value

Tether is a stablecoin pegged to the U.S. dollar, meaning that its price should stay constant. In 2022, stablecoins were impacted by some of the volatility that had been more common across other types of cryptocurrency. More on that below, but this chart shows Tether’s historical and current price: What makes Tether unique? The term “stablecoin” essentially means that the Tether price doesn’t change much based on market fluctuations. This is the case because the USDT token is pegged to the US dollar at a 1:1 rate. Thus, one USDT token is approximately equal to 1 US dollar. Check out the Tether price chart above to see that for yourself. Its value stays fairly close to $1, even when the market fluctuates.

Tether crypto price

What Is Tether? How Does It Work?

USDT was originally called Realcoin when Tether Limited launched it in 2014. It was built on the Bitcoin blockchain via the Omni platform. Realcoin was later changed to US Tether and eventually to USDT. The stablecoin was later upgraded to work on Ethereum, Tron, Algorand, EOS, Solana, Polygon, Avalanche, Tezos, Bitcoin Cash, and Omnia blockchains. The founders of Tether are Brock Pierce, Craig Stellars, and Reeve Collins. Contract ABI Tether freezes six more Ethereum wallets amid OFAC compliance efforts2023/12/21 - 13:27ChainArgos reveals Tether's proactive measures in freezing wallets suspected of links to Finiko scam, aligning with US Treasury's sanctions. read more

Usdt crypto

The Tether blockchain platform allows people to use cross-border financial services with a digital asset that can maintain its value like fiat currencies do. Tether also gives investors the ability to hold cryptocurrency without having to worry too much about the volatility that typical cryptos are exposed to. Tether USDt USD (USDT-USD) Tether and crypto exchange Bitfinex — both owned by iFinex — settled a lawsuit in 2021 with the New York Attorney General (NYAG) for $18.5 million. The companies were in trouble for covering up a loss of $850 million. In its investigations, the NYAG’s office discovered that sometimes Tether did not hold any USD reserves. The lawsuit began in April 2019.