Use an Unmineable referral code from the list below and instantly pay 25% lower fees while mining with Unmineable
TetherUS
USDT Price
$1.00-0.04%
0.0000 BTC2.13%
$1.00
24h Range
$1.00
USDT Historical Price
$1.32-24.51%
Jul 24, 2018 (6 years ago)
$0.5774.46%
Mar 02, 2015 (9 years ago)
last updated on "2024-12-22 22:00:02 (GMT +2)"
Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S. dollar. The idea was to create a stable cryptocurrency that can be used like digital dollars. Coins that serve this purpose of being a stable dollar substitute are called “stable coins.” Tether is the most popular stable coin and even acts as a dollar replacement on many popular exchanges! According to their site, Tether converts cash into digital currency, to anchor or “tether” the value of the coin to the price of national currencies like the US dollar, the Euro, and the Yen. Like other cryptos it uses blockchain. Unlike other cryptos, it is [according to the official Tether site] “100% backed by USD” (USD is held in reserve). The primary use of Tether is that it offers some stability to the otherwise volatile crypto space and offers liquidity to exchanges who can’t deal in dollars and with banks (for example to the sometimes controversial but leading exchange Bitfinex). The digital coins are issued by a company called Tether Limited that is governed by the laws of the British Virgin Islands, according to the legal part of its website. It is incorporated in Hong Kong. It has emerged that Jan Ludovicus van der Velde is the CEO of cryptocurrency exchange Bitfinex, which has been accused of being involved in the price manipulation of bitcoin, as well as tether. Many people trading on exchanges, including Bitfinex, will use tether to buy other cryptocurrencies like bitcoin. Tether Limited argues that using this method to buy virtual currencies allows users to move fiat in and out of an exchange more quickly and cheaply. Also, exchanges typically have rocky relationships with banks, and using Tether is a way to circumvent that. USDT is fairly simple to use. Once on exchanges like Poloniex or Bittrex, it can be used to purchase Bitcoin and other cryptocurrencies. It can be easily transferred from an exchange to any Omni Layer enabled wallet. Tether has no transaction fees, although external wallets and exchanges may charge one. In order to convert USDT to USD and vise versa through the Tether.to Platform, users must pay a small fee. Buying and selling Tether for Bitcoin can be done through a variety of exchanges like the ones mentioned previously or through the Tether.to platform, which also allows the conversion between USD to and from your bank account.
The official symbol of TetherUS is "USDT".
TetherUS's official homepage is https://tether.to/.
You can view and download TetherUS's official white paper at https://tether.to/wp-content/uploads/2016/06/TetherWhitePaper.pdf.
TetherUS's official X (formerly known as Twitter) handle is @Tether_to.
Guarda Wallet
There are currently 0 exchanges supporting USDT. The most popular are:
Crypto tax reports in under 20 minutes
No more wasting hours downloading CSV files, formatting data, figuring out market prices, and getting the tax calculations right. With Koinly you can import your crypto transactions directly from the blockchains, sync all your exchange trading history in one click and get a ready-to-file tax report - all in a matter of minutes! The best part - you can start for free!
Add your exchange accounts and connect your blockchain wallets using public addresses.Koinly supports 800+ exchanges and wallets!
Import your transactions now
See your profit/loss for any tax year, your total holdings, ROI and growth over time on a beautiful dashboard - for free!
Start tracking your crypto assets & taxes now
Easily generate a full crypto tax report with all your short/long term disposals, capital gains, and income.
Get started for free
Use the Unmineable referral code below and instantly pay 25% lower fees while mining TetherUS with Unmineable.