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Tether tokens, the Tether network's native tokens and the USDT mark. Tether is a special category of stable coins collateralised, i.e. a fiat currency such as the US dollar, the euro or the yen, which supports each cryptocoin in circulation. Other categories of stablecoins include crypto-collateralized stable coins that use collateral reserves or non-collateralized stablecoins that have no collateral but work in a manner similar to reserve banks to maintain the necessary token supplies, depending on the economic situation. Tether is a controversial cryptocurrency with tokens issued by Tether Limited. It formerly claimed that each token was backed by one United States dollar, but on 14 March 2019 changed the backing to include loans to affiliate companies. The Bitfinex exchange was accused by the New York Attorney General of using Tether's funds to cover up $850 million in funds missing since mid-2018.
On 1st October the Tether Price in INR was 65.21 and there was fluctuation in the market and following the market trends, there was fluctuation around the same value in the price of Tether in India and it finally reached at INR 64.60 on 31st October 2017. On 1 st December, 2017 the Tether price in India was INR 65.05 and it kept up surging and finally reached at USDT to INR 69.43 INR on 12th December 2017 and again falling back to INR 64.64 on 31st december, 2017.
In January, 2018 Tether entered with the Initial price of USDT in India at INR 64.65 and there was decline in the price of USDT and finally it closed the month January, 2018 with USDT to INR 63.14 on 31 January 2018. Reaching the highest on 24th July, 2018 at USDT to INR 91.22 and lowest at INR 62.52 on 02nd February USDT seen the bullish for a short span.In the beginning of November, 2018 the Tether price in India was INR 73.98 and saw a small bullish trend in December and closed at 70.34 on December, 2018.
USDT price started with a downsizing pace on 1st January, 2019 at 69.85 kept a downsizing approach and valued lowest on INR 68.63 on 04th May, 2019 which was broken whn it reached the highest value of INR 72.09 on 23rd August. By the end of August, Tether price started loosing its value and kept a rise/low phase till 31st December when the prices reached the value at INR 71.20.
on 1st January 2020, USDT price started with INR 71.26 and has reached Highest by far on 17th April 2020 at INR 77.09 with sliding back to INR 75.08 on 30th April and recovering at INR 75.44 as on 1st June
In India, Tether to INR for today price is ₹73.64. It has a current circulating supply of 22.1 Billion coins and a total volume exchanged of ₹6,949,364,988,320 INR to USDT
Tether is called a stablecoin because it was originally designed to always be worth $1.00, maintaining $1.00 in reserves for each tether issued.
Tether is part of a new generation of cryptocurrencies known as stablecoins, which aim to maintain a stable cryptocurrency value as opposed to the large changes in other popular cryptocurrencies' prices like Bitcoin and Ethereum.
Tether is a special category of stable coins collateralised, i.e. a fiat currency such as the US dollar, the euro or the yen, which supports each cryptocoin in circulation.
Tether was designed specifically to build a bridge between fiat currencies and cryptocurrencies, offering users stability, transparency and minimum transaction charges.
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