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Tether price, market cap on Coin360 heatmap

Tether(USDT)

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$1.0003
(-0.12%)
0.00001620 BTC
Market Cap (Rank#3)
$112,973,769,816
1,830,139 BTC
Vol 24h
$15,886,396,947
257,355 BTC
Circulating Supply
112,934,363,981.53
Max Supply
?
2h agonulltx
Tether To Halt USDT Support On EOS and Algorand, Shifting Focus To Community-Driven Blockchain Support
Tether has announced a strategic transition to prioritize community-driven blockchain support, revealing plans to discontinue USDT support on EOS and Algorand. This transition will be completed within the next 12 months, marking a significant shift in Tether’s strategy. Tether announced a strategic transition to prioritize community-driven blockchain support. Tether will […]
1 day agocoindesk
Tether to Stop Minting Stablecoin USDT on Algorand and EOS
The circulating supply of the dollar-linked stablecoin on the two blockchains represents roughly 0.1% of the total USDT supply.
3 days agonulltx
USDT On Tron Surpasses Visa’s Average Daily Trading Volume, Highlighting Cryptocurrency’s Growing Influence
The 24-hour trading volume of USDT (Tether) issued on the Tron network has reached an impressive $53.031 billion, surpassing the average daily trading volume of Visa. In the first quarter of 2024, Visa reported a total trading volume of $3.7 trillion, with an average daily volume of $42 billion. The […]
4 days agocoindesk
Mexican Cartels Using BTC, ETH, USDT, Other Tokens to Buy Fentanyl Ingredients: U.S.
Criminal organizations in Mexico have been using several popular digital assets to buy the materials needed to make the drug fentanyl, according to the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN), which cited the use of bitcoin and other tokens in a Thursday advisory.
8 days agocoindesk
Tether Debuts New 'Synthetic' Dollar Backed by Tokenized Gold in Tokenization Push
Users can mint new tokens using the company's new Alloy platform, which will be part of Tether's upcoming tokenization venture, CEO Paolo Ardoino said.
11 days agonulltx
Bitcoin Supply On Exchanges Hits Lowest Level Since December 2021 Amid Increasing Mining Costs And Whale Activity
The supply of Bitcoin on exchanges has plummeted to its lowest level since December 2021, with only around 942,000 coins available. In contrast, Ethereum and Tether are seeing increased inflows. Historically, the limited supply of Bitcoin available for sale reduces the overall drop-off risk for the entire cryptocurrency market.
19 days agocoindesk
U.S. Crypto Regulations Are Moving Against a CBDC and Non-Compliant Stablecoins Like Tether: JPMorgan
Out of four recent crypto regulatory initiatives, the stablecoin bill has the highest chance of being passed before the U.S. presidential election, the report said.
19 days agocoindesk
Bitcoin Miner Bitdeer to Buy ASIC Chip Designer Desiweminer for $140M in All-Stock Deal
Bitdeer received an investment worth $150 million from stablecoin company Tether at the end of last month.
25 days agocoindesk
Tether Buys $100M Worth of Bitdeer Shares With Option to Purchase $50M More
Bitdeer intends to use the proceeds to fund its data center expansion and ASIC-based mining rig development, the Singapore-based company said.
26 days agonulltx
$TRUMP Coin Hits All-Time High Amid Major Buys
The price of $TRUMP has surged by 17% today, reaching a new all-time high of $15.51. This significant rise has been driven by substantial purchasing activity, reflecting growing investor confidence and speculation around the token. One notable investor recently withdrew 1.16 million USDT from Binance and spent 1.15 million USDT […]
34 days agonulltx
Ethereum Surges As Market Awaits Spot ETH ETF Approval
Ethereum is dominating the crypto conversation across platforms like X, Discord, Telegram, 4chan, and Bitcoin Talk. The crypto community is eagerly anticipating the SEC’s decision on the first Spot ETH ETF, which could significantly impact the market. Additionally, speculation around Tether could drive a bullish market sentiment.
48 days agocoindesk
Stablecoin Surge: Tether's Headroom for Growth
The stablecoin already enjoys a dominant position in stablecoins and its integration with the TON (Telegram) network could boost it further, says Sylvia To, head of partnerships and token research at Bullish.
53 days agocoindesk
Tether Enters Transaction Surveillance Partnership with Chainalysis as Regulatory Pressure Mounts
The monitoring system would help Tether identify risky crypto addresses that could be used for bypassing sanctions or illicit activities like terrorist financing, the company said.
57 days agocoindesk
Tether Buys $200M Majority Stake in Brain-Computer Interface Company Blackrock Neurotech
The investment will fund the roll-out and commercialization of the company's medical devices.
58 days agonulltx
Top 8 Cryptos: BDAG Leads BTC, ETH, USDT, BNB, SOL, XRP & DOGE
8 Best Cryptos to Invest In: BlockDAG Leads BTC, ETH, USDT, BNB, SOL, XRP, DOGE with 2,999,900% Increase Impressive growth and unique features are shown by several leading cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance Coin (BNB), Solana (SOL), XRP (XRP) and Dogecoin (DOGE). Each coin has carved […]
59 days agonulltx
Top 8 Cryptos: BDAG Leads BTC, ETH, USDT, BNB, SOL, XRP & DOGE
8 Best Cryptos to Invest In: BlockDAG Leads BTC, ETH, USDT, BNB, SOL, XRP, DOGE with 2,999,900% Increase Impressive growth and unique features are shown by several leading cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance Coin (BNB), Solana (SOL), XRP (XRP) and Dogecoin (DOGE). Each coin has carved […]
62 days agocoindesk
Tether's Stablecoin Dominance May Wane Following Proposed U.S. Rules: S&P
The new regulations could offer banks a competitive edge by limiting institutions without a banking license to a maximum stablecoin issuance of $10 billion, the report said.
67 days agonulltx
Ethereum ICO Participant Sells 2,000 ETH As Tether Treasury Prepares To Mint More USDT
Recent on-chain reports reveal significant activity in the Ethereum ecosystem, with Ethereum ICO participant 0xc33/0xe6d making a notable sale of 2,000 ETH for 5.995M USDC at an average price of $2,997 over the past few hours.  This participant, who received 33,213 ETH during the Ethereum Genesis ICO on July 30, […]
138 days agonulltx
Pushd (PUSHD) ‘The Modernised PayPal’ Presale explodes as USDT (USDT) & Ethereum Classic (ETC) holders buy in early
Amidst the dynamic landscape of the cryptocurrency market, two notable assets have recently caught the attention of investors: USDT (USDT) and Ethereum Classic (ETC). Amidst this, another strong player has emerged, Pushd (PUSHD). Pushd (PUSHD) is positioned as the modernized counterpart to PayPal.  As the presale for Pushd (PUSHD) gains […]
139 days agocryptodaily
Crypto expert explains why Ethereum (ETH) & Tether (USDT) holders are shifting large capital into groundbreaking DeeStream (DST) Presale
DeeStream (DST) is a blockchain-based streaming venture that connects content creators and audiences, introducing a user-friendly gifting and reward system while prioritizing data and asset security.
141 day agocryptopotato
Warning Signs for XRP Flash as Bears Looking Target $0.45 (Ripple Price Analysis)
Things are not looking good for Ripple. XRP has been trending lower against USDT while also breaking below a key support level on the BTC pair. Technical Analysis By TradingRage The USDT Paired Chart Against USDT, XRP has been making lower highs and lows inside a large descending channel. Since breaking below the 200-day moving […]
142 days agocryptopotato
Tether Smashes Profit Records: $2.85 Billion Surge in Q4 2023
Tether's excess reserves tapped an all-time high of $5.4 million in Q4 2023.
145 days agocryptopotato
Flipster Launches New Earn Pool Feature Allowing Users to Earn Up To 10K USDT Daily on Their Crypto
[PRESS RELEASE – Warsaw, Poland, January 30th, 2024] Flipster, the number one trading platform for altcoin liquidity and the fastest-growing crypto derivatives platform, has finally announced its Flipster Earn Pool campaign. First teased in December last year, the trading platform had been slow with news on this highly anticipated addition. The launch was worth the […]
145 days agocryptodaily
Flipster Launches New Earn Pool Feature Allowing Users to Earn Up To 10K USDT Daily on Their Crypto
Flipster Launches New Earn Pool Feature Allowing Users to Earn Up To 10K USDT Daily on Their Crypto

About Tether?

The live price of Tether (USDT) today is 1.0003 USD, and with the current circulating supply of Tether at 112,934,363,981.53 USDT, its market capitalization stands at 112,973,769,816 USD. In the last 24 hours USDT price has moved 0.0004 USD or 0.00% while 18,787,758,080 USD worth of USDT has been traded on various exchanges. The current valuation of USDT puts it at #3 in cryptocurrency rankings based on market capitalization.

Learn more about the Tether blockchain network and how it works or follow the price of its native cryptocurrency USDT and the broader market with our unique COIN360 cryptocurrency heatmap.

Launched in 2014, Tether (USDT) is a type of stablecoin whose price is pegged to U.S. Dollar, and is issued by a Hong Kong-based company of the same name. Summed up, it is a blockchain-based platform that aims to "modernize" money (fiat currencies) by issuing digital equivalents. 

Background and Development

Tether was originally launched as "Realcoin" in 2014 and later renamed Tether (USDT). It was first listed on the Bitfinex cryptocurrency exchange, which shares key executives with Tether. While the term Tether actually encompasses multiple tokens - USD (USDT), EUR (EURT), offshore Chinese Yuan (CNHT) and gold (XAUT) - it is commonly used to refer to USDT in particular. 

Tether’s core purpose is to help customers easily transact using conventional fiat currencies across the blockchain, without having to face the complexity and volatility normally associated with crypto assets. 

Being the first blockchain-powered platform to seamlessly facilitate digital usage of conventional fiat currencies, Tether has in a way effectively tapped into the blockchain tech for the democratization of cross-border transactions.

Tether is presently the largest stablecoin by market cap, and is regularly used by people as an inflation hedge. USDT tokens are minted on multiple leading blockchains, including Algorand, Avalanche, Bitcoin, Ethereum, EOS, KavaPolkadot, Polygon, Solana, TRON, and Tezos.

Founding Team and Key Contributors

The founding team of Tether included Brock Pierce, Craig Sellars, and Reeve Collins. Over the years, the leadership has seen changes, with notable figures like Paolo Ardoino playing significant roles. As of October 2023, Ardoino, the chief technology officer for Tether, was promoted to CEO.

Historical Price Analysis

Despite being designed to maintain the $1 peg at all times, USDT price has witnessed fluctuations in the past. USDT price reached its all-time low of $0.57 in March 2015, and an all-time high of $1.32 on July 24, 2018. Such price swings normally occur whenever there are sudden changes in the demand for USDT. For example, whenever the broader crypto market is experiencing a bull run, market participants favor volatile crypto assets, whereas in bearish phases they turn to the safety of stablecoins.

Other fundamental factors like regulatory changes and lawsuits have also negatively impacted the value of USDT coins in the past. Nonetheless, barring a few exceptions of occasional lows and highs, USDT price has generally always stayed in the vicinity of $1. According to our USDT live price chart, there are minor $0.001 - $0.002 deviations sometimes, but they’re too short-lived to have any long-lasting impact on the Tether market. With the increasing adoption across multiple blockchain ecosystems, USDT coin’s market cap has also grown significantly over the past few years. From under $5 billion in January 2020, it crossed $80 billion in Q1, 2022.

In 2023, Tether (USDT) experienced a few instances of depegging from its usual 1:1 parity with the US dollar, indicating periods of instability. Notably, on June 15, 2023, USDT faced a depeg due to a liquidity imbalance in the Curve pool, causing its rate to drop to $0.996. 

In December 2023, Tether announced a wallet-freezing policy in collaboration with law enforcement agencies, leading to a temporary depegging of USDT on major exchanges such as Binance, Coinbase, and Kraken. Prices dipped as low as $0.985 following the announcement.

How USDT works

As mentioned earlier, Tether tokens are created on several blockchains that have their respective native protocols/layers which allow for easy issuance and redemption of the USDT coins. Tether claims that each USDT coin is 100% backed by their reserves, which include conventional fiat currency (US Dollar), its cash equivalents, other assets and receivables from loans extended by Tether to third parties.

As USDT coins are minted on different networks, users must carefully check the destination address and make sure that they’re interacting with the correct blockchain before processing any USDT transfers. For instance, USDT minted on Ethereum are based on the ERC-20 token standard, while the ones minted on Tron are created with the TRC-20 token standard.

Tether guarantees that the USDT value always remains pegged to the USD. The company claims that whenever new USDT tokens are issued, assets worth their equivalent are deposited into Tether’s reserves. USDT has no specific maximum supply. As USDT coins are issued by a private company, their issuance is theoretically determined by Tether’s policies. Since every USDT is claimed to be backed by a dollar worth of reserve, the total circulating supply is limited based on the actual cash/asset reserves held by the company.

New tokens are created only upon request and purchase by customers who have completed a strict Know Your Customer (KYC) procedure.

USDT coins are often burnt too, in order to reduce the existing number of outstanding tokens on a specific blockchain. Such outstanding USDT coins arise whenever customers redeem their tokens for fiat USD. They can even be held temporarily by Tether’s treasury, removed from circulating supply, and re-issued later in response to fresh market demand.

USDT News, Ecosystem, and Highlights

Development Milestones and Major Updates

  • 2015-2016: Tether began trading on Bitfinex. The company established its operations and issues tokens on various blockchain platforms.
  • 2017-2018: The number of Tether tokens in circulation grew dramatically, from about $10 million to approximately $2.8 billion. USDT's influence in the Bitcoin market also surged, accounting for a significant portion of Bitcoin's trading volume.
  • 2019: Tether surpassed Bitcoin in daily and monthly trading volumes, becoming the cryptocurrency with the highest trading volume in the market.
  • 2020: Introduction of United States dollar Tether as a USDT TRC-20 token on the TRON network.
  • 2018-2021: USDT's total issuance increased from $2 billion to over $60 billion, marking significant growth in its market presence.
  • 2019-Present: Tether faces regulatory scrutiny and legal challenges, including an investigation by the New York Attorney General and settlements involving fines.
  • 2023: Paolo Ardoino, the Chief Technology Officer of Tether, was promoted to CEO. The USDT market cap reached its all-time high at $92.76 billion on December 31.

Controversies and Legal Scrutiny

Tether has been at the center of various controversies, particularly concerning its reserves. Initially, USDT was supposed to be backed exclusively by USD deposits, but later disclosures revealed the inclusion of other assets. This led to regulatory scrutiny and legal challenges, including a significant case with the New York Attorney General and fines from the U.S. Commodity Futures Trading Commission.

In major news for the USDT coin, New York Attorney General Letita James filed a lawsuit against Bitfinex and Tether, in April 2019, accusing them of unlawfully using Tether’s reserves, to cover the former’s losses to the tune of $850 million. The case went on for almost two years, before a settlement was reached in February 2021, penalizing the two companies with a fine of $18.5 million.

Frequently Asked Questions about USDT

1. Is it possible to mine or stake USDT?

While you cannot mine USDT, it is possible to stake or lend your USDT coins through various DeFi products and crypto platforms.

2. What are some of the best USDT wallets?

As USDT is issued on multiple blockchains, your choice of Tether wallet will depend greatly on the blockchain your USDT coins were minted on. Some of the most popular USDT wallets include Trezor, Exodus, Ledger and Atomic.

3. What can I do with  USDT coins?

You can use your USDT coins to buy or trade various crypto assets like BTC, ETH, XRP, ADA, SOL and more, on exchange platforms. Being the digital equivalent of the US Dollar, USDT is also actively used to pay for goods and services across the world. Besides these, many people use USDT as a value store to hedge against inflation.

4. What’s the best way to buy USDT?

You can easily buy USDT on most cryptocurrency exchanges, including Binance, OKX and others by exchanging your digital assets for USDT.

Tether Price1.0003 USD
Market Rank#3
Market Cap112,973,769,816 USD
24h Volume15,886,396,947 USD
Circulating Supply112,934,363,981.53 USDT
Max SupplyNo data
Yesterday's Market Cap113,140,563,968 USD
Yesterday's Open / Close1.0013 USD / 1.0017 USD
Yesterday's High / Low1.0025 USD / 1.001 USD
Yesterday's Change
0.00% ( 0.0004 USD )
Yesterday's Volume18,787,758,080 USD
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