What is Tether?

Tether

#3
$USDT

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 stabl... Read more

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.

24H Price

$0.998669

0.13%

Explore Tether

Sectors:
1 New Partnerships (Last 90d)
Partner: @chainalysis - Building trust in blockchains among people, businesses and governments. Our crypto compliance and investigation software powers hundreds of top institutions.
Announcement Date: 2024-05-02
Followers: 54,369

Tether Enhances Compliance Measures with Chainalysis Ecosystem Monitoring Solution. Tether has collaborated with @chainalysis, the blockchain data platform to develop a customizable solution for monitoring secondary market activity. Read Morehttps://t.co/8r5NwJmL5q
Go To Tweet →
54.37K Followers

Community Score

Share on:
C 60
Follower
2.26M (#58)
0.01% 7D
Activity
26/100
0% 7D
Sentiment
Neutral
Follower
353.84K (#14)
0.31% 7D
Activity
26/100
0% 7D
Sentiment
Neutral
Follower
1.42M (#49)
0.1% 7D
Activity
60/100
0% 7D
Sentiment
Neutral

📉 Losing Followers

The project is losing followers.

🟡 Non-Organic Growth Detected

Temporary non-organic growth observed ( 03/24 ).

Be the first to know about suspicious activities around your watchlist's coins.

🔔 Get Anomaly Alerts

Overview

Market Cap

$1.94T

0.13%
Large Cap

Price

$1.94T

0.13%
Stable

Volume

$1.94T

0.13%
Highest

Community

$1.94T

0.13%
Rapid Growth

Marketing Activity

5/10

0.13%
High

Developer Activity

3/10

0.13%
Low
Development 24h 7d 14d 30d
Price 0.13% 0.06% 0.07% 0.03%
Follower 0% 0.01% 0.09% 0.37%

Coin Info

FDY
$2.09T
Total Supply
$21.00M
Max Supply
$21.00M
Circulating Supply
$19.79M

All-Time High
All-Time Low

$0.998669

0.13%

$0.998669

0.13%
Dec 05 2024
Dec 05 2024

Community Score

Share on:
C 60
Follower
2.26M (#58)
0.01% 7D
Activity
26/100
0% 7D
Sentiment
Neutral
Follower
353.84K (#14)
0.31% 7D
Activity
26/100
0% 7D
Sentiment
Neutral
Follower
1.42M (#49)
0.1% 7D
Activity
60/100
0% 7D
Sentiment
Neutral

📉 Losing Followers

The project is losing followers.

🟡 Non-Organic Growth Detected

Temporary non-organic growth observed ( 03/24 ).

Be the first to know about suspicious activities around your watchlist's coins.

🔔 Get Anomaly Alerts

Channels

CoinMarketcap @Tether USDt
#49
Follower
1,415,497
0.03%
Twitter @Tether_to
#133
Follower
487,419
0.03%
Coingecko @Tether (USDT)
#14
Follower
353,839
0.03%

Daily Social Panel

@tether_to

2024-07-26 11:01
USD₮ on @ton_blockchain is now live on @TokenPocket_TP https://t.co/Vi4VlN8KPa... USD₮ on @ton_blockchain is now live on @TokenPocket_TP https://t.co/Vi4VlN8KPa

28
Score 67

@tether_to

2024-07-27 13:18
RT @paoloardoino: Grazie @GuidoBrera e Riccardo Haupt per avermi ospitato nell'ultimo episodio di #B... RT @paoloardoino: Grazie @GuidoBrera e Riccardo Haupt per avermi ospitato nell'ultimo episodio di #BlackBox . Un vero onore. Nell'episodio…

13
Score 17

@tether_to

2024-07-27 19:33
RT @paoloardoino: Here's the speech of @howardlutnick at #Bitcoin2024 #bitcoin , #tether and more.... RT @paoloardoino: Here's the speech of @howardlutnick at #Bitcoin2024 #bitcoin , #tether and more. https://t.co/vnqgZcphZe

4
Score 4

Latest Partnerships

Last 90 days

@chainalysis

54.37K Followers

Announcement

2024-05-02

Key Events

12 Nov, 2024 - 12:30PM

Avalanche x Supabase

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Price Projection

Avg.
5%
80% of similar events led to a price increase
High Impact
12 Nov, 2024 - 12:30PM

Avalanche x Supabase

Figma ipsum component variant main layer. Mask vertical connection.... show more


Price Projection

Avg.
5%
80% of similar events led to a price increase
High Impact
12 Nov, 2024 - 12:30PM

Avalanche x Supabase

Figma ipsum component variant main layer. Mask vertical connection.... show more


Price Projection

Avg.
5%
80% of similar events led to a price increase
High Impact

Never miss any event.

Tether

#3
$USDT

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 stabl... Read more

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.

24H Price

$0.998669

0.13%

Explore Tether

Sectors:
1 New Partnerships (Last 90d)
Partner: @chainalysis - Building trust in blockchains among people, businesses and governments. Our crypto compliance and investigation software powers hundreds of top institutions.
Announcement Date: 2024-05-02
Followers: 54,369

Tether Enhances Compliance Measures with Chainalysis Ecosystem Monitoring Solution. Tether has collaborated with @chainalysis, the blockchain data platform to develop a customizable solution for monitoring secondary market activity. Read Morehttps://t.co/8r5NwJmL5q
Go To Tweet →
54.37K Followers

Community Score

Share on:
C 60
Follower
2.26M (#58)
0.01% 7D
Activity
26/100
0% 7D
Sentiment
Neutral
Follower
353.84K (#14)
0.31% 7D
Activity
26/100
0% 7D
Sentiment
Neutral
Follower
1.42M (#49)
0.1% 7D
Activity
60/100
0% 7D
Sentiment
Neutral

📉 Losing Followers

The project is losing followers.

🟡 Non-Organic Growth Detected

Temporary non-organic growth observed ( 03/24 ).

Be the first to know about suspicious activities around your watchlist's coins.

🔔 Get Anomaly Alerts

Coin Info

FDY
$2.09T
Total Supply
$21.00M
Max Supply
$21.00M
Circulating Supply
$19.79M

All-Time High
All-Time Low

$0.998669

0.13%

$0.998669

0.13%
Dec 05 2024
Dec 05 2024

Overview

Market Cap

$1.94T

0.13%
Large Cap

Price

$1.94T

0.13%
Stable

Volume

$1.94T

0.13%
Highest

Community

$1.94T

0.13%
Rapid Growth

Marketing Activity

5/10

0.13%
High

Developer Activity

3/10

0.13%
Low
Development 24h 7d 14d 30d
Price 0.13% 0.06% 0.07% 0.03%
Follower 0% 0.01% 0.09% 0.37%

Key Events

12 Nov, 2024 - 12:30PM

Avalanche x Supabase

Figma ipsum component variant main layer. Mask vertical connection.... show more


Price Projection

Avg.
5%
80% of similar events led to a price increase
High Impact
12 Nov, 2024 - 12:30PM

Avalanche x Supabase

Figma ipsum component variant main layer. Mask vertical connection.... show more


Price Projection

Avg.
5%
80% of similar events led to a price increase
High Impact
12 Nov, 2024 - 12:30PM

Avalanche x Supabase

Figma ipsum component variant main layer. Mask vertical connection.... show more


Price Projection

Avg.
5%
80% of similar events led to a price increase
High Impact

Never miss any event.

Frequently Asked Questions

Bitcoin’s original inventor is known under a pseudonym, Satoshi Nakamoto. As of 2021, the true identity of the person — or organization — that is behind the alias remains unknown. On October 31, 2008, Nakamoto published Bitcoin’s whitepaper, which described in detail how a peer-to-peer, online currency could be implemented. They proposed to use a decentralized ledger of transactions packaged in batches (called “blocks”) and secured by cryptographic algorithms — the whole system would later be dubbed “blockchain.” Just two months later, on January 3, 2009, Nakamoto mined the first block on the Bitcoin network, known as the genesis block, thus launching the world’s first cryptocurrency. Bitcoin price was $0 when first introduced, and most Bitcoins were obtained via mining, which only required moderately powerful devices (e.g. PCs) and mining software. The first known Bitcoin commercial transaction occurred on May 22, 2010, when programmer Laszlo Hanyecz traded 10,000 Bitcoins for two pizzas. At Bitcoin price today in mid-September 2021, those pizzas would be worth an astonishing $478 million. This event is now known as “Bitcoin Pizza Day.” In July 2010, Bitcoin first started trading, with the Bitcoin price ranging from $0.0008 to $0.08 at that time. However, while Nakamoto was the original inventor of Bitcoin, as well as the author of its very first implementation, he handed the network alert key and control of the code repository to Gavin Andresen, who later became lead developer at the Bitcoin Foundation. Over the years a large number of people have contributed to improving the cryptocurrency’s software by patching vulnerabilities and adding new features. Bitcoin’s source code repository on GitHub lists more than 750 contributors, with some of the key ones being Wladimir J. van der Laan, Marco Falke, Pieter Wuille, Gavin Andresen, Jonas Schnelli and others.

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2) At Coindive, we believe that the deeper you delve into the crypto realm, the more you'll uncover its inherent beauty, serenity, and potential. Our dedicated community and advanced market tracking tools will help you chart a course through the wild waves and currents of the digital currency landscape, ensuring that you remain informed and equipped to make the best decisions possible.

Coindive tracks over 8,163 channels daily across Discord, Telegram, Twitter, Reddit, CoinMarketCap and Coingecko to collect data like follower counts, every text based data and every form of reactions to evaluate the attributes of the community by our unique metrics. Find out more about each metric in the section “Metrics” below.

Coindive offers a dashboard with top-performing coin metrics and recent trends, as well as a rankings page to explore the top 3000 cryptocurrencies based on various metrics. Its keyword explorer helps users identify coins related to specific trends, events, or discussions, while the coin pages offer in-depth analysis of individual cryptocurrencies' community and market data. Users can create a watchlist to monitor their favorite coins closely and receive customized alerts tailored to their investment interests. Coindive's personalized Watchlist Summary Report is AI-based and tailored to each user's knowledge level. Coindive alerts users whenever something unusual happens within the community or market, allowing for proactive portfolio management.

Coindive's target audience includes crypto investors of all types who want to stay informed about their investments, save time while keeping track of their portfolio, and consider community strengths as decision-making characteristics of their investments. The platform is designed for users who wish to quickly assess the performance of various cryptocurrencies, monitor significant events, and evaluate the overall health of communities behind different coins. Coindive caters to both long-term and short-term investors, offering valuable insights for effective decision-makin

Coindive offers a comprehensive free package with access to all of its features with just some limitations compared to the higher tier packages. A Premium Plan is available for users who want to access more alerts and additional benefits like ad-free experience and faster data refresh rates.

Latest Partnerships

Last 90 days

@chainalysis

54.37K Followers

Announcement

2024-05-02

Daily Social Panel

@tether_to

2024-07-26 11:01
USD₮ on @ton_blockchain is now live on @TokenPocket_TP https://t.co/Vi4VlN8KPa... USD₮ on @ton_blockchain is now live on @TokenPocket_TP https://t.co/Vi4VlN8KPa

28
Score 67

@tether_to

2024-07-27 13:18
RT @paoloardoino: Grazie @GuidoBrera e Riccardo Haupt per avermi ospitato nell'ultimo episodio di #B... RT @paoloardoino: Grazie @GuidoBrera e Riccardo Haupt per avermi ospitato nell'ultimo episodio di #BlackBox . Un vero onore. Nell'episodio…

13
Score 17

@tether_to

2024-07-27 19:33
RT @paoloardoino: Here's the speech of @howardlutnick at #Bitcoin2024 #bitcoin , #tether and more.... RT @paoloardoino: Here's the speech of @howardlutnick at #Bitcoin2024 #bitcoin , #tether and more. https://t.co/vnqgZcphZe

4
Score 4

Channels

CoinMarketcap @Tether USDt
#49
Follower
1,415,497
0.03%
Twitter @Tether_to
#133
Follower
487,419
0.03%
Coingecko @Tether (USDT)
#14
Follower
353,839
0.03%