Bitcoin Forum
November 14, 2024, 03:06:39 PM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Tether price calculator - Calculate live and historic Tether prices  (Read 70 times)
blockgardener (OP)
Newbie
*
Offline Offline

Activity: 24
Merit: 36


View Profile WWW
September 09, 2021, 06:28:36 PM
 #1

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/
bitmover
Legendary
*
Online Online

Activity: 2492
Merit: 6320


bitcoindata.science


View Profile WWW
September 09, 2021, 07:52:11 PM
 #2

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.

blockgardener (OP)
Newbie
*
Offline Offline

Activity: 24
Merit: 36


View Profile WWW
September 10, 2021, 07:17:14 AM
 #3

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.
Inagame
Full Member
***
Offline Offline

Activity: 435
Merit: 125


View Profile
September 10, 2021, 02:07:25 PM
 #4

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.
TryNinja
Legendary
*
Offline Offline

Activity: 3024
Merit: 7442


Top Crypto Casino


View Profile WWW
September 10, 2021, 02:19:26 PM
 #5

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.

███████████████████████
████▐██▄█████████████████
████▐██████▄▄▄███████████
████▐████▄█████▄▄████████
████▐█████▀▀▀▀▀███▄██████
████▐███▀████████████████
████▐█████████▄█████▌████
████▐██▌█████▀██████▌████
████▐██████████▀████▌████
█████▀███▄█████▄███▀█████
███████▀█████████▀███████
██████████▀███▀██████████

███████████████████████
.
BC.GAME
▄▄▀▀▀▀▀▀▀▄▄
▄▀▀░▄██▀░▀██▄░▀▀▄
▄▀░▐▀▄░▀░░▀░░▀░▄▀▌░▀▄
▄▀▄█▐░▀▄▀▀▀▀▀▄▀░▌█▄▀▄
▄▀░▀░░█░▄███████▄░█░░▀░▀▄
█░█░▀░█████████████░▀░█░█
█░██░▀█▀▀█▄▄█▀▀█▀░██░█
█░█▀██░█▀▀██▀▀█░██▀█░█
▀▄▀██░░░▀▀▄▌▐▄▀▀░░░██▀▄▀
▀▄▀██░░▄░▀▄█▄▀░▄░░██▀▄▀
▀▄░▀█░▄▄▄░▀░▄▄▄░█▀░▄▀
▀▄▄▀▀███▄███▀▀▄▄▀
██████▄▄▄▄▄▄▄██████
.
..CASINO....SPORTS....RACING..


▄▄████▄▄
▄███▀▀███▄
██████████
▀███▄░▄██▀
▄▄████▄▄░▀█▀▄██▀▄▄████▄▄
▄███▀▀▀████▄▄██▀▄███▀▀███▄
███████▄▄▀▀████▄▄▀▀███████
▀███▄▄███▀░░░▀▀████▄▄▄███▀
▀▀████▀▀████████▀▀████▀▀
Inagame
Full Member
***
Offline Offline

Activity: 435
Merit: 125


View Profile
September 10, 2021, 02:37:38 PM
 #6

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
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!