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Title: Tether price calculator - Calculate live and historic Tether prices Post by: blockgardener on September 09, 2021, 06:28:36 PM I created a Tether price calculator that can be used to calculate USDT prices with historic BTC, ETH and US dollars prices.
WEBSITE: https://tetherpricecalc.com/ Title: Re: Tether price calculator - Calculate live and historic Tether prices Post by: bitmover on September 09, 2021, 07:52:11 PM Why do you call it USDT price calculator?
You are showing cryptocurrencies prices in USD. USDT, BUSD, USDC or any other stable coins are all the same, they are all just = 1 USD. I would call it USD price calculator.. or crytpocurrencies price calculator. Title: Re: Tether price calculator - Calculate live and historic Tether prices Post by: blockgardener on September 10, 2021, 07:17:14 AM Why do you call it USDT price calculator? You are showing cryptocurrencies prices in USD. USDT, BUSD, USDC or any other stable coins are all the same, they are all just = 1 USD. I would call it USD price calculator.. or crytpocurrencies price calculator. You raise a good point, I selected Tether (USDT) because it was the first crypto that is backed by the US dollar. Title: Re: Tether price calculator - Calculate live and historic Tether prices Post by: Inagame on September 10, 2021, 02:07:25 PM You raise a good point, I selected Tether (USDT) because it was the first crypto that is backed by the US dollar. Latest reports and investigations showed that Tether is not really backed by US dollars and its value is not exactly the same as for dollar.Title: Re: Tether price calculator - Calculate live and historic Tether prices Post by: TryNinja on September 10, 2021, 02:19:26 PM Honestly, I don't see the point on branding your website as a "Tether price calculator" unless you're expecting a de-peg. USDT > USD seems a bit redundant.
Latest reports and investigations showed that Tether is not really backed by US dollars and its value is not exactly the same as for dollar. Which reports are you talking about? The last ones I saw said that they aren't totally backed by actual US dollars on a bank account, not that they aren't worth $1. If they are backed by other assets worth the total amount of USDT in circulation, then they are tecnically backed. Also, the market gives it a value of $1.Title: Re: Tether price calculator - Calculate live and historic Tether prices Post by: Inagame on September 10, 2021, 02:37:38 PM Which reports are you talking about? The last ones I saw said that they aren't totally backed by actual US dollars on a bank account, not that they aren't worth $1. If they are backed by other assets worth the total amount of USDT in circulation, then they are tecnically backed. Also, the market gives it a value of $1. You are right, there is no actual dollars in bank account so tether is not backed by them.We cant really get 1 dollar for 1 tether, you can try and see, and with more money difference will be even bigger. Coffeezilla made two videos about tether: https://www.youtube.com/watch?v=WgJjf4HaRsk |