#MarketDownturn

TetherUS

Ranking

No. 3

Market capitalization

$132.61B

≈ 151.64T ARS

Fully diluted market cap

$136.12B

≈ 155.65T ARS

Market dominance

3.98%

Volume

$160.27B

≈ 183.27T ARS

Volume/market capitalization

120.86%

Circulating supply

132,437,169,724 USDT

Total supply

135,944,368,172 USDT

Issue date

2014-11-25

All-time high

$1.2154899835586548

≈ 1,389.91 ARS

2015-02-25

All-time low

$0.5683140158653259

≈ 649.87 ARS

2015-03-01

*

Data is provided by CMC and is shown for reference only. It is presented as is and does not constitute any form of representation or guarantee.

Links

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Intro

Information and general data

Announced in July 2014 by Brock Pierce, Reeve Collins, and Craig Sellars as Realcoin, Tether (USDT) is the most popular and liquid stablecoin in the cryptocurrency ecosystem. It is a token that was first issued on the Bitcoin blockchain using the Omni Layer platform; however, it has since been launched as a token on other blockchains (Ethereum, Tron, EOS, and Algorand). Each token represents a claim (redeemable) of one USD fiat held by Tether (the company).

Considering that the fiat reserves backing the tokens are held in the traditional banking system, it can be challenging to maintain transparency regarding the value of those reserves. Tether attempts to provide transparency about the total reserve (not the partial reserve) by issuing accountant statements that provide visibility into the reserve bank accounts, which are then compared to the public token issuances across different blockchains. Milestones

July 2014: Pierce, Collins, and Sellars announce Realcoin. October 6, 2014: First tokens issued on the Bitcoin blockchain via Omni Layer. November 20, 2014: Renamed to “Tether.” January 2015: Bitfinex enables trading of USDT.