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Tether

USDT

Tether Market Stats

Tether Price

$22,014.48

Tether Price Change (24H)

$22,014.48

Tether Price (24H Low)

$22,014.48

Tether Price (24 High)

$22,014.48

Tether Price (All Time High)

$22,014.48

Tether Market Cap

$22,014.48

Tether Volume (24H)

$22,014.48

Tether Circulating Supply

$22,014.48

Tether Price Live Data

The live [Bitcoin] price today is [$20,014.48] with a 24-hour trading volume of [$44.6b]. The [BTC] price is updated in real-time. [Bitcoin] is [up/down] [45.77%] in the last 24 hours. The current [Bitcoin] live market cap is [$189,3B] with a circulating supply of [121.3M] [BTC] coins and a max supply of [21,000,000] [BTC] coins.

Looking to buy [Bitcoin] at the current rate? The best cryptocurrecny exchanges for trading for [Bitcoin] stocks and coins are Bitbuy, CoinSmart, NetCoins, Netwon, and Crypto.com; you can find other [Bitcoin]-[BTC] exchanges on our best crypto exchange, best crypto exchange in Canada and best crypto exchange in the USA pages.

What is Tether (USDT)?

Tether (USDT) is a stablecoin tied to the US dollar that hopes to provide a safe crypto asset that investors can use to conduct transactions. As such, Tether is supposed to maintain the value of its pegged currency, which is $1. Although there have been lots of fluctuations, the value of Tether has always been within this range.

The native token of the Tether network is the USDT.

Unlike other cryptocurrencies, Tether doesn’t own a blockchain of its own; instead, it operates on other blockchains. So, users from other blockchains like Avalanche, Ethereum, and Polygon can transact with the USDT.

Tether has grown since its creation, allowing it to support Ethereum, Solana, EOS, and many other blockchain protocols besides Bitcoin. Besides the Tether, which is tied to the US dollar with a USDT token, there are other Tether stablecoins like: 

  • Tether Peso (MXNT): tied to the Mexican Peso
  • Tether Gold (AUXT): tied to gold
  • Tether Yuan (CNHT): tied to the Chinese Yuan
  • Tether Euro (EURT): tied to the Euro
Tether Coin - Comparewise

Who Created Tether (USDT)?

Tether (USDT) is a product of the collective efforts of Craig Sellers, Brock Pierce, and Reeve Collins in July 2014. Before this, J.R. Willet published a whitepaper on the possibility of creating such a digital coin on the Bitcoin blockchain. His idea was later used to create the Bitcoin-based protocol Mastercoin in 2012.

It is one of the earliest stablecoins ever developed, with a template from Mastercoin. When Tether was introduced, it was known as Realcoin, which aimed to maintain a 1:1 exchange rate with the US dollar. However, Realcoin got rebranded to Tether in November 2014.

Tether Limited Inc launched the Tether cryptocurrency, and it operates under the ownership of iFinex Inc., a company based in Hong Kong. As Tether is run under the leadership of Tether Limited Inc., it isn’t a decentralized cryptocurrency.

How Does Tether (USDT) Work?

Tether (USDT) was created to aid investors who wished to invest in cryptocurrency without worrying about the volatility of digital coins. As such, there’s no concept like mining or a proof-of-stake algorithm.

This stablecoin allows individuals to exchange their fiat currency for USDT or the USDT for fiat currency. When this is done, the exchanged fiat currency or USDT is stored or exchanged by others. Some USDT is usually removed from circulation or burnt (destroyed) to prevent inflation.

Is Tether (USDT) a Good Investment?

Tether (USDT) is a stablecoin that allows investors to efficiently conduct cryptocurrency transactions across multiple blockchains. Although Tether is an excellent idea that has come to life, it still faces some hijinks.

In 2017, Tether Limited Inc reported that USDT worth $31 million was stolen from the network. While they performed a hard fork to mitigate future occurrences, it still left many people doubting the capability of this network.

Some people have also started questioning the legitimacy of the Tether reserves as a result of an incident in 2018. This involved Friedman, an accounting company hired to audit the Tether balance sheet. Tether dismissed Friedman because they felt they were performing complex procedures for a simple balance sheet. In 2021, Tether paid a $41 million fine for falsely claiming that they backed 100% of their tokens with US dollars reserve. Despite all these issues centring on the trustworthiness of Tether Limited Inc., the value of stablecoins cannot be over-emphasized. Although Tether isn’t much of an investment (since it’s a stablecoin), it’s still a valuable medium of exchange.

FAQs about Tether (USDT)

How many Tether (USDT) coins are there?

Around 73 billion USDT tokens are currently circulating in the market.

How is Tether (USDT) secured?

Tether (USDT) is secured through some of the cash reserves of the US dollar. Initially, the cash reserves supposedly secured the entirety of the USDT tokens. However, the events of 2021 revealed otherwise. The fiat currency reserves of Tether can only account for 26.7% of USDT traded in 26 months.

Besides fiat currency reserves, Tether is secured through commercial papers, loans, and corporate bonds.

What can you use Tether (USDT) for?

Tether (USDT) is also used to easily transfer funds between various blockchains and fiat currencies.

Tether News

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Tether Community

Best Tether Apps

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Best Tether Wallets

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Tether Analysis

Tether (USDT) Analysis Summary

Tether (USDT) is a cryptocurrency that isn’t too useful as an investment. And there are some conflicting results when it comes to Tether price predictions. However, its value as a legal tender is indisputable. It has made transactions across blockchains much more manageable, such that crypto exchanges rely on it.

Since its founding, Tether has been hit with one controversy after another. A few involved lying about their fiat currency reserves and another involved illegally lending out the network’s cash reserves. All of this has made many investors worry about the future of this coin.

The algorithm-based crypto prediction website, WalletInvestor, has performed some technical analysis on Tether. Their analysis shows that Tether is a high-risk cryptocurrency with few short-term investment returns. Hence, they see this digital coin ending at a maximum value of $1.004 in 2025.

DigitalCoinPrice, on the other hand, has higher hopes for this cryptocurrency. They believe that Tether can hit an average of $1.30 in 2022.

In 2025, they foresee more growth in Tether, enabling it to reach an average of $1.92. Although this means that Tether will not be tied to the US dollar anymore, DigitalCoinPrice believes it to be inevitable. They propose that this digital coin will climb to $4.60 in 2030.

Analysis Q&As

What is Tether price today?

Tether - USDT price today is [price] within 24-hour trading volume of [Volume].

What is Tether price in Canada?

Tether - USDT price today is [price] within 24-hour trading volume of [Volume].

What is Tether price in USA?

Tether - USDT price today is [price] within 24-hour trading volume of [Volume].

What was the highest price for Tether?

Tether hit an all time high of [All High].

What was the lowest price for Tether?

Tether had an all time low of [All Low].

What was the 24 hours trading volume of Tether?

The 24 hour trading volume of Tether is [Volume].

What Tether value has been traded in the past 24 hours?

The Tether value traded over the last 24 hour is [Volume].

Where can Tether be traded?

You can trade Tether on CoinSmart, Bitbuy, NetCoins, Newton, and Coinberry. The popular trading pairs for Tether in the market includes USDT/USD, Tether/CAD, Tether/EUR, Tether/GBP, and Tether/AUD. Tether is a token that is related to the Avalanche, Solana, categories.

Where to buy Tether in Canada?

You can buy Tether in Canada on CoinSmart, Bitbuy, NetCoins, Newton, and more. Check out other popular Tether exchanges on our best crypto exchange in Canada article.

Where to buy Tether in USA?

You can buy Tether in USA on CoinSmart, Coinbase, Binance, KuCoin, and more. Check out other popular Tether exchanges on our best crypto exchange in the USA article.

What exchange is Tether on?

Online traders can buy or sell Tether (USDT) on the top crypto exchange, such as Crypto.com, Kraken, Binance, and FTX.

What wallets can store Tether?

You can store your Tether safely on Zengo, Keepkey, Trezor Model One, Ledger Nano S, and Trezor Model T wallet. To see more popular wallet visit our best crypto wallet article.

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Tether Price CAD Conversion

Convert Tether to CAD

USDT to CAD

USDT

CAD

Convert 0.001 USDT to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 USDT to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 USDT to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 USDT to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 USDT to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 USDT to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 USDT to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 USDT to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 USDT to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 USDT to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert CAD to Tether

USDT to CAD

CAD

USDT

Convert 0.001 USDT to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 USDT to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 USDT to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 USDT to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 USDT to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 USDT to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 USDT to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 USDT to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 USDT to CAD

0.001 [BTC]

$26.19928 [CAD]

Convert 0.001 USDT to CAD

0.001 [BTC]

$26.19928 [CAD]

Tether Technicals

See Comparewise coin rating definitions for more information.

Tether Price Statistics
Tether Price Today

12/01/2022

Tether Price

$22,014.48

Tether Price Change (24H)

$22,014.48

Tether Price (24H Low)

$22,014.48

Tether Price (24H High)

$22,014.48

Tether Price (All Time High)

$22,014.48

Tether Market Cap

$22,014.48

Tether Volume (24H)

$22,014.48

Tether Circulating Supply

$121.3M

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