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REQ to USDT Converter
1 REQ = 0.0509995 USDT · updated 06:19 UTC
Volume Bubbles Chart (1h)
Each 1-hour candle's volume is signed by its direction (up candles count as net buying, down candles as net selling) and drawn as a bubble at the closing price, green for buying and red for selling. Bubble size and colour intensity show how strong that flow is compared with the last 300 candles: the strongest 30% get full bubbles with their USD value, the rest stay as small dots. Unusually large bubbles flag aggressive buying or selling worth a closer look, often near breakouts, reversals or key levels.Seasonal Chart
Plots one line per calendar year showing the % change since the start of that year, with the current year highlighted against up to four previous years. Lining the years up on the same calendar shows whether the price tends to rise or fall in the same months, helping you spot recurring seasonal patterns. Treat it as context rather than a forecast: past seasonality does not guarantee future moves.Request Markets
Request Historical Data
About Request (REQ)
Request Network is an open payment protocol for on-chain payment requests. REQ has governance and a request-linked burn function; a payment request, the actual settlement, and products built by separate companies are not identical.
A payment request protocol
Request Network is an open payment protocol for creating and storing payment requests on-chain. Its official token page says the network has been live since 2017 and supports stablecoin payments directly between wallets. A request records details about a payment rather than moving the funds by itself; settlement happens when the payer completes the requested payment through a supported flow. Request Network is separate from Request Finance, a company that builds products using it. The difference matters because a business application and an open protocol do not have the same governance or responsibilities.
The role of REQ
The official REQ page lists two core roles: governance of the protocol and foundation, plus a burn rule tied to on-chain use. It says a portion of REQ is removed from supply when a request is stored on-chain. This links the token’s designed utility to the creation of payment requests, rather than to a promise that every request settles successfully. Token holders can take part in protocol decisions through the governance process. The token’s market quote, meanwhile, reflects supported trading venues and is not a measure of payment volume.
Supply and issuance history
The token page says the original supply was one billion REQ at genesis in 2017. It states that there is no inflation and no vesting schedule left to complete. The burn rule removes some tokens when requests are stored. The original genesis total is not the same as live circulating supply. The public page also says that the 2017 whitepaper is historical and that aspects of the token’s early design have changed as the protocol focused on payments.
Requests, invoices, and applications
The network docs present a payment request as an on-chain record with structured details. Request Finance’s API docs explain how an invoice can be prepared off-chain and turned into an on-chain request. An invoice is one use of the wider request format. This lets developers use an invoice workflow without assuming every network transaction is an invoice. An invoice app can add its own fields and steps to the request.
Governance and practical boundaries
The REQ page calls the network open and community-owned. It describes a foundation and a process for token holders to take part in governance. Its token-burn feature depends on requests being stored on-chain, so it is tied to protocol usage rather than to a calendar-based burn schedule. A token chart cannot show whether an invoice has been paid. Nor can it show whether a payer will settle a request or if a merchant accepts a chosen currency. Those questions belong to the request record and the payment application being used.
Last reviewed: Oct 9, 2026
Request (REQ) FAQ
What is REQ’s circulating supply?
REQ circulation is reported as 796,694,831 tokens in the live field. Request Network’s official token page says its original genesis supply was one billion REQ and that a portion is burned when a payment request is stored on-chain. The genesis total and the current circulating field are different measurements.
What is REQ’s current price?
FMchart’s composite market series reports REQ at $0.0509. Request Network has been live on-chain since 2017 and links REQ to governance and a burn rule triggered when a request is stored. The market quote reports traded USD value; it does not show how many invoices were paid through the protocol.
What is Request Network (REQ)?
Request Network is an open payment protocol built around on-chain payment requests. The official site says it has been live since 2017 and is used for stablecoin payments directly between wallets. REQ is the ecosystem token used for governance and a request-linked burn function. Request Network is distinct from Request Finance, a separate company that builds products using the protocol.
What is REQ’s all-time high?
The recorded market high for REQ is $1.059, dated Jan 5, 2018. Request Network’s token page links REQ burns to payment requests stored on-chain and describes one billion REQ at genesis in 2017. Those supply rules explain token use; they do not set the highest price at which REQ traded.
How has REQ performed over time?
In FMchart's composite price history (since August 2021), the strongest monthly performance for REQ came during November 2021 (+119.3%). The weakest monthly result was January 2022 (-38.3%); 2 of 4 full calendar years years showed positive annual returns. This series cannot count stored payment requests or the REQ burned by those requests.
What does the REQ burn mechanism do?
Request Network’s official token page says a portion of REQ is removed from circulation each time a request is stored on-chain. The mechanism links token use with protocol activity rather than following a fixed calendar schedule. It does not mean that every request transfers a payment successfully, and it does not establish a fixed burn amount for every request.
Is Request Network the same as Request Finance?
No. Request Network describes itself as the open payment protocol and community-owned ecosystem, while the official REQ page identifies Request Finance as a separate company that built products on the protocol. A product provider can use the protocol without being the protocol itself. That distinction matters when checking product terms, support channels, or who controls a particular application.
How does a payment request differ from an invoice?
Request Network stores payment requests on-chain, while the Request Finance API documentation describes invoices as an application-specific format. That API allows an invoice to be prepared off-chain and then converted into an on-chain request. An invoice can include details such as buyer, product or service, price, taxes, and payment destination, but the invoice format is not the only possible use of the protocol.
Who governs Request Network?
The official REQ page describes Request Network as open and community-owned, with token holders participating in governance decisions about the protocol and foundation. It points users toward the project’s governance forum for proposals and discussion. Governance concerns shared protocol decisions; it does not mean that every REQ holder directly operates the software or controls each merchant’s invoice application.
Does REQ have a vesting schedule?
Request Network’s token page says the original one-billion REQ supply was distributed at genesis and that no vesting schedule remains to complete. It also notes that the 2017 whitepaper is a historical document and that elements of the early token design changed as the protocol focused on payments. The original issuance total should therefore be distinguished from circulating supply after request-linked burns.