Tether
USDTWhat is The CoinDesk 20?
The CoinDesk 20 filters from the larger universe of thousands of cryptocurrencies and digital assets to define a core group of 20.
These assets constitute roughly 99% of the market by volume at eight of the largest and most trustworthy exchanges.
Price
$1.00
24 Hour % Change
-0.01%
Market Cap
$51.80B
Volume (24h)
$128.78B
USD
Linear
Log
to
Key metrics
24 Hour Low
$1.00
24 Hour High
$1.00
Net change
$-0.000050
24 Hour Open
$1.00
All time high
$1.32
Total Supply
51.75B
Returns (24H)
-0.01%
Returns (YTD)
0.04%
Volatility (30d)
0.01
Transaction Count (24h)
2,334
Average Transaction Fee (24h)
n/a
Value Transacted (24h)
$51.96M
About Tether
Category
Stablecoin
Value proposition
Digital fiat
Tether was one of the first cryptocurrencies to peg its market value to a fiat currency. Launched in July 2014, Tether, originally called “Realcoin”, valued each token at $1.00 to reduce the friction of moving real currency throughout the cryptocurrency ecosystem. Due to its dollar peg, Tether and other similar cryptocurrencies have been dubbed “stablecoins”. Tether is the largest stablecoin by market capitalization and its users can redeem tethers for dollars. Originally, Tether launched on Bitcoin’s Omni Layer, but continues to expand to other protocols, including Ethereum, Bitcoin Cash, TRON, EOS, and Liquid Network. Note: the market cap figure shown here counts only supply on Ethereum
Tether price page is part of The CoinDesk 20 that features price history, price ticker, market cap and live charts for the top cryptocurrencies.
Disclaimer
Any data, text or other content on this page is provided as general market information and not as investment advice. Past performance is not necessarily an indicator of future results. CoinDesk is an independently managed media company, wholly owned by the Digital Currency Group, which invests in cryptocurrencies and blockchain startups. DCG has no operational input into the selection or curation of CoinDesk content in all its forms.
Foundations - Consensus: Distributed
Photo by Tackey/iStock via Getty Images This week, Dogecoin (DOGE-USD) got thrust into the national spotlight again when it rose 400% in one week (although using the stock exchange trading week may be bad practice since cryptos also trade on weekends). Dogecoin has been on a tear, up 50x year-to-date,
This article was amended on 4/16/2021 to reflect clarifying remarks based on reader comments. Photo by shevtsovy/iStock via Getty Images Like many Seeking Alpha contributors, I'm an avid SA reader as well as an SA writer. Sunday night J.G. Collins published a fascinating article on Bitcoin (BTC-USD) "Buh-Bye Bitcoin" -
It’s slated to become the first stablecoin to launch on Polkadot.
Exchange flows shift as tether continues to replace bitcoin, building quote currency dominance in altcoin trading.
The report is similar to those produced by other stablecoin issuers like Centre or Paxos.
