About Tether (USDT)
Market Capitalization$67.55 billion
Coin or TokenCoin
Official Website (Alt)N/A
Message Board (Alt)N/A
Blockchain Explorer (Alt)N/A
Tether (USDT) Frequently Asked Questions
What is Tether?
USDT is a cryptocurrency asset issued on the Bitcoin blockchain via the Omni Layer Protocol. Each USDT unit is backed by traditional currency and cash equivalents held in the reserves of the Tether Limited and can be redeemed for 1 USD through the Tether Platform. USDT can be transferred, stored, spent, just like bitcoins or any other cryptocurrency. USDT and other Tether currencies were created to facilitate the transfer of national currencies, to provide users with a stable alternative to Bitcoin and to provide an alternative for exchange and wallet audits which are currently unreliable. USDT provides an alternative to Proof of Solvency methods by introducing a Proof of Reserves Process according to its whitepaper. In the Tether Proof of Reserves system, the amount of USDT in circulations can be easily checked on the Bitcoin blockchain via the tools provided at Omnichest.info, while the corresponding total amount of USD held reserves is proved by publishing the bank balance and undergoing periodic audits by professionals (not publicly auditable yet). (Description provided by CryptoCompare)
How do I buy Tether?
It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase or BlockFi. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Tether.
Where can I get Tether wallet?
Tether produces its own wallet software that is available for download on its website, which allows you to store Tether on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.
What is the value of Tether?
One Tether (USDT) is currently worth $1.00 on major cryptocurrency exchanges. You can also exchange one Tether for 0.00004272 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Tether in U.S. dollars is $67.55 billion.
Tether (USDT) Price Chart for Thursday, August, 18, 2022
Charts Provided by TradingView.
Tether (USDT) Search Trends
There is a correlation between price appreciation and public interest in cryptocurrencies, such as Tether. Many cryptocurrency investors use Google Trends, which measures the volume of web searches for a particular topic over time, as a tool to gauge whether public interest is increasing or decreasing for a particular cryptocurrency. The chart below shows how search volume has changed for the phrase "Tether Coin" over the last 90 days.
Tether (USDT) Website Traffic
Tether (USDT) Social Media Trends
Tether (USDT) News Headlines