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Cryptocurrency Analytics

Tether

Tether USDT Logo

Last modified on 11. October 2020

Quick Facts

Tether is one of the largest cryptocurrencies. Featuring a market capitalization of over US$ 15.5 billion in early October 2020, it had captured about four percent of the market for crypto assets.1|2 USDT is its ticker symbol.

In April 2015, the tracking of real-time trading data for Tether began on coinmarketcap.com.

tether.to

Quarterly Averages

This section presents the quarterly averages (trimester) for trading volume, market capitalization and trading price for 2017, 2018, 2019 and 2020.

Trading Volume & Market Capitalization

For example, Tether had an average trading volume of nearly US$ 6.2 bn per day for the first trimester of 2019. This figure came to over US$ 2.7 bn during the same period in 2018. The trading volume increased by 130 percent accordingly.

For the first trimester of 2019, the average market capitalization equated to over two bn. In the same time frame of 2018, this figure came to over two bn. The corresponding downward retracement of market capitalization equated to 0.29 percent.

Trading Price

In the first trimester of 2019, the average trading price was over one. This figure came to over one during the same period of 2018. The price increased accordingly by 0.11 percent.

The all-time high of Tether in 2017

Tether USDT Price analysis generated by coindashboards.com
Price analysis for the most important moments in Tether’s trading history (USDT)

The price of the Tether currency climbed to a high in May 2017 at US$ 1.21. The equivalent market capitalization of the token reached over US$ 107 million. This put Tether in the ballpark of certain other digital currencies, such as Lisk, Factom, DigiByte, Decred and Ardor, among others.

Tethers all-time high compared to Bitcoin and the most renowned companies worldwide

Bitcoin, by far the largest cryptocurrency at the time, had a market capitalization of US$ 33 billion on that day. Apple Inc., one of the most highly valued brands in the world, stood at US$ 806 billion. And Volkswagen AG, the world’s largest vehicle manufacturer as of 2018, at US$ 80 billion.

  • Tether (USDT): 0.107 bn US dollars
  • Bitcoin (BTC): 33 bn US dollars
  • Apple (AAPL): 806 bn US dollars
  • VW (VWAGY): 80 bn US dollars
  • Date: 27 May 2017

March 2019: an interesting date following the big cryptocurrency crash

On 1 March 2019, the price of Tether stood at over one with a market capitalization of over two billion US dollars. In comparison with the peak trading price described above, this represents a decline down to approximately 84.3 percent.

Around that time, Ethereum dropped to about 9.7 and Bitcoin to approximately 19.5 percent of their all-time-high trading prices.

More Details

The Tether-Token is not a native cryptocurrency and is not generated via mining. It has no maximum number of tokens, unlike Huobi Token, for example.

This block explorer can be used to track the current block height and other recently updated metrics around all Tether transactions.

To learn more about Tether, download the white paper or find more links to community forums, source code and social media accounts, visit tether.to.

Markets

Tether USDT Market analysis generated by coindashboards.com
Markets on which Tether (USDT) can be traded

USD

Three large markets for buying or selling Tether in USD are Kraken, Binance and Bitfinex. There are additional platforms where you can buy or sell Tether, including OKEx, HitBTC and VinDAX, among others.


1. This figure changes to ten percent when taking Bitcoin out of the equation.

2. Read about our sources

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