Tether Price for today is $1.01. Its current circulating supply is USDT 4,207,771,504.46 with a market cap of $4,149,001,095.54.
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Tether is a blockchain-powered platform launched in 2014. It enables businesses (financial services, exchanges, ATMs, wallets) to use fiat currencies on the blockchain. Individual customers use tether-enabled platforms to transact with tethers. Tether allows storing, sending and receiving digital coins; it converts cash into a digital currency pegging the value of the coin to the price of the US dollar, Euro or Yen. USDT is currently in the top-5 coins by market cap.
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Tether (USDT) is the first - and most popular - stablecoin. Since each USDT in circulation is backed by the fiat currency (either USD, EURO or Yen), Tether is a fiat collateralized crypto. It was originally built on Omni Layer using the Bitcoin network as its transport protocol. This allowed transactions of tokenized traditional currency. Then it also started to use Ethereum protocol making Tether available in ETH smart contracts and dApps. Lately, TRON blockchain added USDT too.
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