Tether: what is the price of this cryptocurrency today

Tether, the cryptocurrency of the stablecoin type which claims that each of its tokens is backed by a US dollar, it is issued by the company Tether Limited and since its origins it has been involved in various controversies.

Attached it was the first stablecoin to exist. It was launched in 2014 by businessman Reeve Collins; bitcoin investor Brock Pierce; and developer, Craig Stellers. Since then, it has become the largest by market capitalization.

Tether was originally available through Omni Layer, but now it can be accessed in various block chains. With the approval of Limited tetheryou can switch between USD and Tether, a mechanism that helps keep the stablecoin pegged.

The Tether Limited network is in turn controlled by the owners of the Bitfinex cryptocurrency exchange, which has been accused by the New York Attorney’s Office to use Tether funds to cover 850 million missing funds since mid-2018.

Cryptocurrency investors and regulators also joined the debate pointing out that the stablecoin is not fully guaranteed, a situation that has brought it to court because its users have no guarantee that their tokens can be exchanged for dollars. On April 30, 2019, the company’s lawyer confirmed that the token was linked to a change of $0.74.

The cost of Tether cryptocurrency for today is $1,0001768. This means that the registered digital currency a change of 0.01% over the past 24 hours, as well as a 0.01% move over the past hour.

Bitcoin was the first to hit the market and was followed by others that also had great relevance, such as litecoin, ethereum, IOTA, tether, cash, ripple, decentraland, even some that emerged from memes like dogecoin.

Cryptocurrencies have various elements that make them unique: not being controlled by an institution; not require third parties in transactions; And almost always use accounting blocks (blockchain) to prevent new cryptocurrencies from being created illegally or transactions already made from being altered.

However, by not having regulators such as a central bank or similar entities, they are singled out for not being reliable, being volatile, promoting fraud, not having a legal framework that supports its users, allowing the operation of illegal activities, among others.

However, anyone investing in this type of digital currency should be very clear that this form entails a high risk for the capitalWell, just as there can be a surge, it can also crash unexpectedly and wipe out the savings of its users.

To store them, users must have a digital currency or wallet, which is actually software through which it is possible to save, send and transact cryptocurrencies. In reality, this type of wallet only stores the keys that mark a person’s ownership and right to a certain cryptocurrency, so these codes are the ones that really need to be protected.