|24h High||24h Low||All-Time High||ATH Date||All-Time Low|
|Genesis Date||21st October 2020|
|Max Coin Supply||10,166,574,840|
Tether (usdt) is a digital asset ranked as #3 in BitCourier Cryptocurrency List with market capitalisation of £12.29 Bn. Pound Sterling. In the last 24 hours Tether's trading volume exceeded £20.69 Bn.
Current price - £0.7728 GBP. Exchange rate usdt to USD is $1.00 for one coin.
During the last calendar year Tether price was volatile and had both periods of growth and decline. In particular in the last 7 days the price changed by -0.05%. (usdt)'s peak price (All-time high) was £1.01 per coin, this point was reached on 24th July 2018 . From that moment till today Tether has lost -23.46% in value.
Ratings by crypto community, developers and liquidity are 10.153, 0.000, 102.504.
USDT that stands for Tether is the most popular stablecoin. It entered the market in 2014 as a Realcoin project and soon was renamed to become a success in Bitfinex exchange. It was originally backed by fiat money and 1 USDT was worth $1 due to reserves in fiat currency kept in the US, Japanese, and European banks. However, currently, the company is said to change this backing of USDT and included loans to affiliated companies.
The idea of Tether is that it guarantees a stable asset which is very useful for crypto-to-crypto exchange platforms. USDT was created with the goal to connect crypto and fiat money and pegged against the US dollar, but the company does not guarantee that crypto holders can easily exchange Tether for US dollars today.
Tether is considered a controversial coin because the company did not allow authorized bodies to carry out an audit and confirm the maintenance of real reserves for this cryptocurrency, so there are many accusations that Tether Ltd. lacks transparency. Moreover, in 2019, the company was accused of the loss of $850 million which are investors’ funds and it has left its footprint on the coin’s credibility.