What is Avalanche Bridged USDT (Avalanche) (USDTE)?
Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S. dollar. The idea was to create a stable cryptocurrency that can be used like digital dollars. Coins that serve this purpose of being a stable dollar substitute are called “stable coins.” Tether is the most popular stable coin and even acts as a dollar replacement on many popular exchanges! According to their site, Tether converts cash into digital currency, to anchor or “tether” the value of the coin to the price of national currencies like the US dollar, the Euro, and the Yen.
How does Avalanche Bridged USDT (Avalanche) work?
Like other cryptos it uses blockchain. Unlike other cryptos, it is [according to the official Tether site] “100% backed by USD” (USD is held in reserve). The primary use of Tether is that it offers some stability to the otherwise volatile crypto space and offers liquidity to exchanges who can’t deal in dollars and with banks (for example to the sometimes controversial but leading exchange Bitfinex). The digital coins are issued by a company called Tether Limited that is governed by the laws of the British Virgin Islands, according to the legal part of its website.
What is Avalanche Bridged USDT (Avalanche) used for?
It is incorporated in Hong Kong. It has emerged that Jan Ludovicus van der Velde is the CEO of cryptocurrency exchange Bitfinex, which has been accused of being involved in the price manipulation of bitcoin, as well as tether. Many people trading on exchanges, including Bitfinex, will use tether to buy other cryptocurrencies like bitcoin. Tether Limited argues that using this method to buy virtual currencies allows users to move fiat in and out of an exchange more quickly and cheaply. Also, exchanges typically have rocky relationships with banks, and using Tether is a way to circumvent that.
Where can you buy Avalanche Bridged USDT (Avalanche)?
Avalanche Bridged USDT (Avalanche) (USDTE) is traded on a wide range of centralized and decentralized exchanges. The most liquid markets for USDTE sit on tier-1 venues - the sort of exchanges where institutional desks and professional market makers rebalance continuously - which is what keeps the spread tight and the last price tied closely to fair value.
You can open the Markets section above to see the live list of exchanges quoting USDTE, sorted by 24-hour volume. Each row links to the venue's trade page so you can go directly from research to execution without copying the ticker around by hand.
What is the daily trading volume of Avalanche Bridged USDT (Avalanche) (USDTE)?
The reported 24-hour trading volume of Avalanche Bridged USDT (Avalanche) is $71.61K. Volume is a live reading of how much USDTE changed hands across all tracked exchanges in the past day and tends to rise during periods of price discovery and fall during consolidation.
For traders, the ratio between volume and market cap is often more informative than either number on its own: a high vol-to-mcap ratio indicates liquid, actively traded supply, while a low ratio suggests that most holders are sitting on the asset.
What is the highest and lowest price for Avalanche Bridged USDT (Avalanche) (USDTE)?
Avalanche Bridged USDT (Avalanche) reached an all-time high of $1.25 on May 15, 2022, and an all-time low of $0.8622 on April 1, 2022. It is currently trading -20.12% from its peak and +16.01% from its bottom.
The distance from ATH is a useful gauge of recovery potential during a bear market and of stretched positioning during a bull market. Combined with the all-time-low figure it provides a quick statistical frame for thinking about where USDTE sits in its long-run price range.
What is the market cap of Avalanche Bridged USDT (Avalanche) (USDTE)?
Avalanche Bridged USDT (Avalanche)'s market capitalization is currently $18.38M, and it is ranked #9999 by market cap on Cryptopricing. Market cap is calculated as the current price multiplied by the circulating supply (18.38 million USDTE are actively circulating today).
Market cap is a common but imperfect measure. It reflects the theoretical value of every circulating token at the current market price, but it doesn't capture how thin the top of the order book might be - an important caveat for tokens with low floats or illiquid cap tables.
What is the fully diluted valuation of Avalanche Bridged USDT (Avalanche) (USDTE)?
The fully diluted valuation (FDV) of Avalanche Bridged USDT (Avalanche) is $18.38M. FDV is a projection of what the market cap would be if every token that will ever exist - including those that have not yet been unlocked, mined or issued - were in circulation at the current price.
FDV is a useful second reading alongside market cap. A large gap between mcap and FDV signals that future token emissions could dilute current holders, while a small gap indicates that supply is already mostly out.
How does the price performance of Avalanche Bridged USDT (Avalanche) compare against its peers?
Over the past 24 hours, Avalanche Bridged USDT (Avalanche) has moved +0.24%. Over the past seven days, the change is -0.14%. Comparing these figures to the global crypto market cap change (shown in the ticker at the top of this page) tells you whether USDTE is leading, lagging or tracking the broader market.
For deeper analysis, the categories strip on the home page groups coins by theme - Layer 1, Meme, DePIN, AI, RWA and so on - and lets you compare Avalanche Bridged USDT (Avalanche) against its closest peers. The category detail pages surface the underlying coins and their seven-day sparklines in a single view.
How to store Avalanche Bridged USDT (Avalanche)?
Like any crypto asset, the right way to store USDTE depends on how often you plan to use it. Long-term holders typically self-custody using a hardware wallet such as Ledger or Trezor, which keeps private keys offline and immune to most remote attacks.
For active traders, a reputable custodial exchange wallet can be appropriate, especially one with clear proof-of-reserves attestations. Whatever approach you choose, the most important rule is to keep your recovery phrase offline, never share it, and never enter it into a web form or attached to a DM - no legitimate support agent will ever ask for it.
