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Found a bug?

TOKENTYPEUSDWETHUSDTPRICEMAKERTXN
WETH / USDT Wrapped Ether

USDT

/

WETH

token

Tether USD

token

Wrapped Ether

TXNS

107

VOLUME

18.986k

MAKERS

102

buys

50

sells

57

buy vol

$ 6.108k

sell vol

$ 12.878k

buyers

47

sellers

55

Pair

3y 8m 26d

Pooled USDT

348.917

$842.979k

Pooled WETH

844.877k

$840.458k

Pair

0x06da0fd433C1A5d7a4faa01111c044910A184553

EXP

USDT

0xdAC17F958D2ee523a2206206994597C13D831ec7

HLD

EXP

WETH

0xC02aaA39b223FE8D0A0e5C4F27eAD9083C756Cc2

HLD

EXP

More

coin

Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S. dollar. The idea was to create a stable cryptocurrency that can be used like digital dollars. Coins that serve this purpose of being a stable dollar substitute are called “stable coins.” Tether is the most popular stable coin and even acts as a dollar replacement on many popular exchanges! According to their site, Tether converts cash into digital currency, to anchor or “tether” the value of the coin to the price of national currencies like the US dollar, the Euro, and the Yen. Like other cryptos it uses blockchain. Unlike other cryptos, it is [according to the official Tether site] “100% backed by USD” (USD is held in reserve). The primary use of Tether is that it offers some stability to the otherwise volatile crypto space and offers liquidity to exchanges who can’t deal in dollars and with banks (for example to the sometimes controversial but leading exchange Bitfinex). The digital coins are issued by a company called Tether Limited that is governed by the laws of the British Virgin Islands, according to the legal part of its website. It is incorporated in Hong Kong. It has emerged that Jan Ludovicus van der Velde is the CEO of cryptocurrency exchange Bitfinex, which has been accused of being involved in the price manipulation of bitcoin, as well as tether. Many people trading on exchanges, including Bitfinex, will use tether to buy other cryptocurrencies like bitcoin. Tether Limited argues that using this method to buy virtual currencies allows users to move fiat in and out of an exchange more quickly and cheaply. Also, exchanges typically have rocky relationships with banks, and using Tether is a way to circumvent that. USDT is fairly simple to use. Once on exchanges like Poloniex or Bittrex, it can be used to purchase Bitcoin and other cryptocurrencies. It can be easily transferred from an exchange to any Omni Layer enabled wallet. Tether has no transaction fees, although external wallets and exchanges may charge one. In order to convert USDT to USD and vise versa through the Tether.to Platform, users must pay a small fee. Buying and selling Tether for Bitcoin can be done through a variety of exchanges like the ones mentioned previously or through the Tether.to platform, which also allows the conversion between USD to and from your bank account.

Wrapped Ether/Tether USD Pool Analytics

24-Hour Price Range:

The highest recorded price for Wrapped Ether/Tether USD in the last 24 hours was $2.605k, captured at , while the lowest price reached $2.519k at .

Liquidity Today

The current liquidity of the Wrapped Ether/Tether USD pool stands at $710.378b, associated with the contract address https://etherscan.io/token/0xdac17f958d2ee523a2206206994597c13d831ec7#balances.

Pool Creation Date:

The Wrapped Ether/Tether USD pool was established 3y 8m 26d days ago, and its most recent transaction occurred just now.

Exchange Rate (Wrapped Ether to Tether USD):

At the current exchange rate, 1 Wrapped Ether equals $842.979k as of 17:16 UTC.

Purchasing Power:

With just 1 USD, you can acquire approximately 0 Wrapped Ether, based on the latest exchange rate.

Token Allocation:

Pooled Wrapped Ether: 348.917 (valued at $842.979k).Pooled Tether USD: 844.877k (valued at $840.458k)

Market Trends:

Stay ahead by tracking the Wrapped Ether/Tether USD pool trends, including price volatility and volume shifts in real-time.

Future Projections:

Explore potential impacts of liquidity changes on Wrapped Ether/Tether USD prices and long-term pool stability.