Live USDT Price Data (Tether)
Tether (USDT) is experiencing a slight decline this week. The current price of Tether is 0.00151444 BNB with a 24-hour trading volume of 79,810,257 BNB. Over the past 24 hours, USDT has decreased by 0.11%. However, in the last hour, the price has seen a modest increase of +0.27%. The total supply of Tether is 158,423,499,846.92 USDT, and the current circulating supply is also set at 158,423,499,846.92 USDT. According to CoinGecko, USDT currently holds the 3rd rank in market capitalization.
Market Capitalization: $239.89 million
Circulating Supply: 158.42 billion USDT
Fully Diluted Market Cap: 158.47 billion USDT
As of today at 9:39, converting 1 Tether (USDT) to BNB using TabTrader, based on CoinGecko's conversion rate, gives an equivalent value of 0.00151444. The current exchange rate is 1 USDT = 0.00151444 BNB, while 1 BNB equals approximately 660.28 USDT.
Latest USDT to BNB Price Calculator
For those looking to convert between USDT and BNB, real-time calculators are essential tools. They provide up-to-date conversion rates based on live market data, ensuring accuracy for traders and investors. These calculators often include features like historical data charts, conversion alerts, and volume indicators to help users make informed decisions.
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Understanding Tether (USDT)
USDT (Tether) is the world's largest stablecoin by market capitalization. It was founded in 2014 by Tether Limited. Stablecoins are a type of cryptocurrency designed to maintain a stable market price. Their primary goal is to offer an alternative to the high volatility commonly associated with most crypto assets.
USDT is implemented across multiple blockchains, including Ethereum, EOS, Tron, Algorand, Avalanche, Celo, Cosmos, Liquid Network, Near, Polkadot, Solana, Tezos, and Ton. This multi-chain support enhances its accessibility and utility in various decentralized applications and trading platforms.
Tether is a fiat-backed stablecoin pegged 1:1 to the US dollar. To maintain this peg, the issuing company holds reserves—such as cash, cash equivalents, and other assets—matching the total number of USDT tokens in circulation. This mechanism aims to ensure stability and trust among users.
Market Performance and Transparency
Tether currently has a market capitalization of approximately 239.89 million BNB. The circulating supply stands at 158.42 billion USDT. It is crucial to note that USD and USDT are not the same; USD is the official currency issued by the U.S. government, while USDT is a cryptocurrency issued by Tether Limited, designed to mirror the value of the US dollar.
Tether claims that every USDT token in circulation is backed 1:1 by reserves, which include a combination of cash, cash equivalents, and other assets. To promote transparency, the company publicly displays its total reserve balance on its official website.
Popular Cryptocurrency Conversions
Beyond USDT to BNB, other popular cryptocurrency conversions include USDT to BTC, USDT to ETH, and USDT to other stablecoins. These conversions are vital for traders diversifying portfolios or executing arbitrage strategies across different exchanges. Real-time data and calculators play a key role in facilitating these transactions efficiently.
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Frequently Asked Questions
What is Tether (USDT)?
Tether is a fiat-backed stablecoin pegged to the US dollar. It is designed to provide price stability in the volatile cryptocurrency market by maintaining a 1:1 reserve ratio with traditional currency assets.
How does USDT maintain its peg to the USD?
Tether Limited holds reserves in cash, cash equivalents, and other assets that match the number of USDT tokens in circulation. Regular audits and public disclosures aim to ensure transparency and trust.
Is USDT the same as USD?
No, USDT is a cryptocurrency that mirrors the value of the US dollar but is not legal tender. USD is government-issued currency, while USDT is a digital asset issued by a private company.
Which blockchains support USDT?
USDT is supported on multiple blockchains, including Ethereum, Tron, Solana, and others, enhancing its interoperability and use across various platforms.
Why is USDT popular among traders?
USDT is widely used for trading and as a safe haven during market volatility due to its stability and high liquidity. It serves as a bridge between traditional finance and cryptocurrencies.
Can USDT be converted to other cryptocurrencies easily?
Yes, USDT is listed on most major exchanges and can be easily converted to other cryptocurrencies like BTC, ETH, or BNB using real-time conversion tools and calculators.