July 14, 2024

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How the value of the cryptocurrency tether has changed in the last day

How the value of the cryptocurrency tether has changed in the last day

Tether cryptocurrency price today. (information)

Tether, the cryptocurrency A type of stablecoin that has each of its tokens backed by US dollars, it is issued by Tether Limited and since its inception has been involved in various controversies.

pregnancy It was the first stablecoin to exist. It was launched in 2014 by businessman Reeve Collins. Bitcoin investor Brock Pierce; And developer Craig Steelers. Since then it has become the most important in terms of market value.

Tether was originally available through the Omni Layer, but can now be accessed over multiple tiers Block chains. With consent Tether Limitedyou can switch between USD and Tether, a mechanism that helps keep the stablecoin stable.

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

While the debate is getting hotter every day about the appropriateness of its use or not, Today Tether is trading at $0.99931, which represents a change of -0.03% Regarding the last 24 hours and Variance -0.01% Referring to its value reached at 08:30 (UTC).

In terms of market value, it has maintained its position Number 3 between digital currencies.

Virtual currencies were born in 2008 As an alternative to the decline in the value of many currencies as a result of the economic crisis of that year.

The first digital asset created was… Bitcoin Over time, others appeared, such as: Litecoin, Ethereum, Bitcoin, Cash, Ripple, Dogecoinsome of the most popular.

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Cryptocurrencies work through a Cryptocurrency encryption ensures transaction security, as well as control over the creation of your coins .

To carry out transactions, Cryptocurrencies use a decentralized database, blockchain, or shared ledger.

It is worth noting that cryptocurrencies are digital currencies that do not actually exist, and unlike assets such as the dollar, euro or peso, they are not regulated by any institution and do not require intermediaries in transactions.

The latter has caused cryptocurrencies to not be viewed favorably by the official market, accusing them of being unreliable, volatile, encouraging fraud, not having a legal framework that supports their users, and allowing the operation of illegal activities, among other things.

Physical representation of various cryptocurrencies on a computer motherboard (EFE/Sedat Suna)

However, little by little the way opened up to the point where companies, millionaires and even governments encouraged or initiated its use.

One of the richest men in the world, Elon Musk, made comments in favor of virtual currencies such as Bitcoin and Dogecoin, temporarily allowing their use in the electric car company Tesla, which, at the time, led to a rise in their value.