Tether is the most valuable stablecoin by market value. It is a leading household name in the fast-changing crypto market.
The latest development is that Tether treasury minted a whopping billion USDT, as seen on Whale Alert, an advanced blockchain tracker, and analytic firm.
“1,000,000,000 USDT (1,004,820,179 USD) minted at Tether Treasury,” they said.
Tether is currently the fourth most valuable crypto, traded at $1.00 USD with a daily trading volume of $95 billion. It is down 0.02% for the day.
Tether is designed as a blockchain-based cryptocurrency whose digital coins in circulation are backed by the same value as traditional fiat currencies like the U.S dollar, Japanese Yen, or the Euro. It trades under the ticker symbol USDT