Cryptocurrency Price: How Much Does Tether Cost?
Tether, the fourth most popular cryptocurrency, maintains a stable value of $1.00, despite the recent fluctuations in the cryptocurrency market. Launched in 2014, Tether was the first stablecoin to exist and can be accessed on several blockchains.
Tether is a stablecoin cryptocurrency, issued by Tether Limited. This company, in turn, is controlled by the owners of the cryptocurrency exchange Bitfinex. The digital asset does not have a physical existence and is not regulated by any institution, making it independent from geographical locations and available for access from anywhere with an internet connection.
Each Tether token is claimed to be backed by one US dollar, offering a level of stability in the often volatile cryptocurrency market. This feature has made Tether a popular choice among investors seeking a less risky alternative to other cryptocurrencies.
Cryptocurrencies, which emerged in 2008 as an alternative to the devaluation of several currencies due to the economic crisis of that year, have been met with mixed reactions. While they offer the advantage of not requiring intermediaries in transactions, they are often viewed negatively by the formal market for reasons such as unreliability, volatility, fraud, lack of legal framework, and support for illegal activities.
However, the negative perception of cryptocurrencies by the formal market has been gradually changing, allowing for increased acceptance and use. Companies, millionaires, and even governments have encouraged or legalized the use of cryptocurrencies. Elon Musk, one of the richest men in the world, has expressed support for cryptocurrencies like bitcoin and dogecoin, temporarily allowing their use in Tesla.
Cryptocurrencies utilize a decentralized database, blockchain or shared accounting register, for transactions. They use cryptographic encryption for transaction security and control of unit creation. The first digital asset created was bitcoin, which, as of August 2, 2025, is trading around $113,000 to $114,700, showing a recent decline from above $115,000.
For a complete view of major cryptocurrency prices beyond Bitcoin, you would typically check real-time market platforms like CoinMarketCap or CoinGecko. However, based on the provided results, only Bitcoin’s recent price data is available for this article.
Investors find Tether appealing due to its stability in the crypto market, as each Tether token is pegged to one US dollar, offering a less risky alternative to other volatile cryptocurrencies. Despite being an unregulated digital asset, Tether's popularity has grown significantly, attracting interest from various sectors, including finance and technology, potentially fostering new avenues for investing in this burgeoning field.
