Tether
USDT Price
Tether (USDT), is one of the first fiat-collateralized stablecoin pegged 1:1 to the US Dollar. More
| Fully Diluted Valuation | $146.05B |
|---|---|
| 24H Trading Volume | $26.64B |
| 24H Low / High | $1.00 / $ 1.00 |
| Circulating Supply | 146.01 B |
| Total Supply | 146.01 B |
| Max Supply | 0.00 |
| Categories | Stablecoins 3 more |
|---|---|
| Founder | Brock Pierce 2 more |
| Website | tether.to |
| Socials | 3 more |
| Chains | ethereum 8 more |
| Explorer |
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| Contracts |
0xdac....31ec7
8 more
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| Name | Pair | 24h Volume | OG Score |
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In the world of cryptocurrencies, Bitcoin stands tall as the pioneer, embodying decentralization, consensus, and scarcity. Yet, amidst the volatility of the crypto landscape, a unique player emerged in 2014, aiming to bridge the gap between traditional fiat currencies and the digital realm - Tether (USDT).
Tether's Foundation:
Founded by Brock Pierce, Reeve Collins, and Craig Sellars, Tether, initially known as RealCoin, set out to revolutionize the use of fiat currencies in the digital space. Brock Pierce, a crypto and entertainment entrepreneur, co-founded Blockchain Capital and directed the Bitcoin Foundation. Reeve Collins, Tether's first CEO, brought a wealth of experience from successful ventures in online advertising and entertainment. Craig Sellars, with a background in various cryptocurrency projects, including Bitfinex and Factom, played a pivotal role in Tether's inception.
USDT: A Stablecoin Pioneer:
Tether belongs to the stablecoin category, designed to maintain a steady value compared to the price fluctuations seen in major cryptocurrencies like Bitcoin and Ethereum. Its unique feature lies in being fiat-collateralized, with each USDT token backed by an equivalent amount of traditional currencies like the US dollar, euro, or yen, held in reserve.
How Tether Works:
Tether tokens operate on multiple blockchains, including Ethereum, Algorand, and Tron, facilitating the issuance and redemption of tokens. Every USDT is 100% backed by Tether's transparently disclosed reserves, ensuring stability and reliability in its value proposition.
USDT's Role in the Crypto Market:
Tether's main purpose was to create a seamless connection between fiat and cryptocurrencies, offering transparency, stability, and minimal transaction fees. Acting as a stable medium of exchange and a store of value, USDT has become a crucial source of liquidity in the cryptocurrency market. Notably, the BTC/USDT trading pair dominates Bitcoin trading to stablecoins, comprising 57% of all Bitcoin trading volume in February 2021, according to CryptoCompare.
Controversies and Challenges:
Despite its success, Tether has faced skepticism regarding the validity of its claims about USD reserves. The lack of independent third-party audits has fueled concerns, leading to occasional disruptions in USDT's price. Tether's resilience in the face of these challenges showcases the demand for a stable bridge between the volatile crypto market and traditional fiat systems.
Conclusion:
In the ever-evolving landscape of cryptocurrencies, Tether stands as a pioneering force, providing a stable bridge between the fiat and digital worlds. Its commitment to stability, transparency, and decentralization has made USDT a go-to-choice for traders seeking refuge from crypto market volatility. While controversies persist, Tether continues to play a crucial role in shaping the future of digital finance, demonstrating that stability and innovation can coexist in the dynamic realm of blockchain technology.
Tether achieves stability by being fiat-collateralized, with each USDT token backed by an equivalent amount of traditional currencies held in reserve. This unique feature helps to mitigate the price fluctuations seen in major cryptocurrencies like Bitcoin and Ethereum.
Tether is a pioneer in the world of stablecoins, uniquely offering stability by being fiat-collateralized, with each USDT token backed by traditional currencies like the US dollar, euro, or yen, held in reserve.
Tether was founded by Brock Pierce, Reeve Collins, and Craig Sellars. Brock Pierce is a crypto and entertainment entrepreneur, Reeve Collins brought experience from online advertising and entertainment ventures, and Craig Sellars played a pivotal role with a background in various cryptocurrency projects.
OGAudit is the first independent social audit platform for web3 projects and cryptocurrencies. Here you can find comprehensive crypto evaluations, ratings, unbiased and objective expert user reviews. There may be positive, negative, and neutral evaluations based on experts' experience and perspective with the product or the service about each cryptocurrency like Tether USDT. To access these ratings, evaluations, and comments, click here.
There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of Tether (USDT) is ($146,014,119,939), max supply of Tether USDT is ($0) and the market cap of Tether USDT is ($146,047,983,174).
What is the Tether (USDT) price prediction?
Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!
The current market price of Tether (USDT) is $1. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
It is important to do comprehensive research before deciding whether Tether (USDT) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:
Is this type of digital asset considered legal in your country?
Does Coin (Tether USDT) solve a good problem or offer the best solution?
Do products and services work effectively, and solutions are scalable?
Does the team have a realistic roadmap and can catch up with it?
Does Tether (USDT) have reasonable and sustainable revenue income models?
Can the team market their products and services well?
How decentralized is the governance and how strong is the community?
Has it reached its fair market value yet?
Does the coin/token have enough trading pairs and liquidity?
As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether Tether (USDT) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.
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