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Tether OMNI (USDT)

Tether OMNI statistic

Price (USD)$ 1.0026
Circulating SupplyUSDT 15.27864B
Volume (24h)$ 22.26661B
Market Cap$ 15.31901B
Low/High 24h$ 1.0011 - $ 1.0036
Change (24h)$ 0.000373

Tether is a cryptocurrency issued by Tether Limited in January, 2015. The project claims that USDT value is partially secured by stocks of US dollars held in its bank accounts. So Tether price is tied to the US dollar.

The main idea of the USDT developers is to provide the crypto market participants with the opportunity to use a stable digital asset (stablecoin), the rate of which is tied to the US dollar and does not experience much volatility as other crypto coins.