Tether was one of many first cryptocurrencies to peg its market worth to a fiat foreign money. Launched in July 2014, Tether, initially referred to as “Realcoin”, valued every token at $1.00 to scale back the friction of transferring actual foreign money all through the cryptocurrency ecosystem. As a consequence of its greenback peg, Tether and different comparable cryptocurrencies have been dubbed “stablecoins”. Tether is the most important stablecoin by market capitalization and its customers can redeem tethers for {dollars}. Initially, Tether launched on Bitcoin’s Omni Layer, however continues to increase to different protocols, together with Ethereum, Bitcoin Money, TRON, EOS, and Liquid Community. Notice: the market cap determine proven right here counts solely provide on Ethereum

Tether worth web page is a part of The CoinDesk 20 that options worth historical past, worth ticker, market cap and stay charts for the highest cryptocurrencies. CoinDesk additionally offers a collection of institutional-grade worth indexes. Discover out extra about them right here.


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