Bridged Tether (Avalanche) PriceUSDTE
Rank #966
About Bridged Tether (Avalanche) (USDTE)
Contract
0xc719843...e5db95118
Explorers
snowtrace.io
Website
tether.to
Community
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
Bridged Tether (Avalanche) (USDTE) Price Trends
No record
24H High$1.00
24H Low$0.9975
24H Volume$897.41K
Market Cap
$19.01MAll-Time High(ATH)$1.25
Circulating Supply
19.02M USDTEAll-Time Low(ATL)$0.8621
Total Supply
19.02M USDTEMarket Cap/FDV
100%Max Supply
∞Fully Diluted Valuation
$19.01MMarket SentimentNeutral
Live Bridged Tether (Avalanche) (USDTE) Price Update
Bridged Tether (Avalanche) price today is $0.9998 with a 24-hour trading volume of $897.41K, and as such Bridged Tether (Avalanche) has a market cap of $19.01M, giving it a market dominance of 0.00067%. The Bridged Tether (Avalanche) price moved +0.052% in the last 24 hours.
Time period | Change amount | % Change |
|---|---|---|
| 1H | +$0.0005696 | +0.057% |
| 24H | +$0.0005196 | +0.052% |
| 7D | +$0.0005795 | +0.058% |
| 30D | +$0.001098 | +0.11% |
| 1Y | +$0.002791 | +0.28% |
 USDTE to USD | $1.00 USD |
 USDTE to EUR | €0.90 EUR |
 USDTE to INR | ₹83.54 INR |
 USDTE to IDR | Rp15169.74 IDR |
 USDTE to CAD | $1.36 CAD |
 USDTE to GBP | £0.75 GBP |
 USDTE to THB | ฿32.98 THB |
 USDTE to RUB | ₽92.41 RUB |
 USDTE to BRL | R$5.44 BRL |
 USDTE to AED | د.إ3.67 AED |
 USDTE to TRY | ₺34.13 TRY |
 USDTE to CNY | ¥7.05 CNY |
 USDTE to JPY | ¥144.00 JPY |
 USDTE to HKD | $7.79 HKD |