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Tether price, market cap on Coin360 heatmap


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0.00001615 BTC
Market Cap (Rank#3)
1,595,758 BTC
Vol 24h
418,088 BTC
Circulating Supply
Max Supply
3 days agocoindesk
Stablecoin USDC Is Making a Comeback: Coinbase
Total market cap of the dollar-linked coin has increased faster than larger rival USDT's in recent months.
14 days agocoindesk
U.S. Regulators Do Have Some Control Over Stablecoin Tether: JPMorgan
USDT's appeal relative to other stablecoins will likely diminish as regulations will require more transparency and compliance with new anti-money laundering standards, the report said.
17 days agocoindesk
Tether and Circle Stablecoin Purchases Dominate in Argentina
Stablecoin purchases are proving popular for Argentine citizens amid a severe economic crisis in the nation.
22 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 […]
22 days agocoindesk
Diversifying Stability: Stablecoins Finding Home Beyond the Greenback
Following the success of Tether and USDC, a generation of stablecoins are offering new features for investors and holders, says Scott Sunshine, Managing Partner of Blue Dot Advisors.
22 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.
24 days agocoindesk
Crypto Payments App Oobit Raises $25M in Series A Funding Round Led by Tether
The round also included participation from Anatoly Yakovenko, the co-founder of Solana.
24 days 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 […]
25 days agocoindesk
Stablecoin Tether’s Increasing Dominance Is Bad for Crypto Markets, JPMorgan Says
Other stablecoins such as USD Coin may benefit from the coming regulatory crackdown and gain market share, the report said.
26 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.
28 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 […]
28 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
29 days agocoindesk
Tether Reports Record $2.85B Profit as Biggest Stablecoin Nears $100B Market Cap
The USDT stablecoin issuer held over $5.4 billion in excess reserves as of 2023 year-end, according to its latest attestation.
30 days agocryptodaily
Why DeeStream (DST) is predicted to be the best investment of 2024 as Tether (USDT) and USD Coin (USDC) holders join
Stablecoins play a crucial role in the ever-changing world of crypto as a bridge between traditional and decentralized finance.
31 day agocryptopotato
Another Factor That Might Positively Influence the Bitcoin Price Besides the Halving
An increase in USDT's circulating supply suggests a positive direction for Bitcoin prices.
35 days agocryptopotato
How Low Can XRP Plummet if $0.50 Support is Lost? (Ripple Price Analysis)
Ripple’s price is continuing its downward momentum on both the USDT and BTC pairs. According to technical analysis, the price is yet to reach a potential turning point on either chart. Technical Analysis By TradingRage Ripple Price Analysis: The USDT Paired Chart Against USDT, the price has been trapped inside a descending channel over the […]
35 days agocryptodaily
EchoLink Launchpad on LBank Ends with Over 130M USDT in Investment, $ECHO Set for Listing
EchoLink Launchpad on LBank Ends with Over 130M USDT in Investment, $ECHO Set for Listing
38 days agocryptopotato
Bitfinex Whales’ Strategic Decisions Echo in Tether Reserves and Bitcoin Prices
Whales on Bitfinex are strategically driving a surge in USDT reserves through calculated decisions.
41 day agonulltx
Stablecoin Market Experiences Remarkable Growth With Tether’s Aggressive Bitcoin Purchases
The aggregate stablecoin supply has witnessed significant expansion since October 2023, experiencing a notable monthly increase of $4.17 billion in December—an unprecedented surge not seen since March 2022. This surge has propelled the current market capitalization of all stablecoins to an impressive $128 billion. Since Oct 2023, the Aggregate Stablecoin […]
41 day agocryptopotato
XRP Bears Target $0.5 as Bulls are Nowhere to be Seen (Ripple Price Analysis)
Ripple’s price action against both USDT and BTC has been bearish for the last few months. Analyzing the charts might provide clues on the potential direction of the market in the short term. Technical Analysis By TradingRage Ripple Price Analysis: The USDT Paired Chart Against USDT, XRP has been on the decline since getting rejected […]
41 day agocryptopotato
Important Update: Binance Lists These 9 Cryptocurrencies But There’s a Catch
ALPINE/USDT, BAR/USDT, and CITY/USDT are some of the newly-included pairs in Binance's margin program.
42 days agocryptopotato
Tether Holds This Much Bitcoin After Late 2023 Purchase
Tether is still buying Bitcoin, and is already one of the world’s largest holders of the asset.
42 days agocoindesk
Tether Reportedly Bought 8.9K Bitcoin for $380M, Remaining 11th-Largest BTC Holder
The stablecoin issuer announced in May 2023 that it would start buying bitcoin in an effort to diversify the backing of its USDT stablecoin.
42 days agocryptodaily
eBay and Amazon are facing tough competition from new crypto start up Pushd (PUSHD). Tether (USDT) and USDC holders buy in
Pushd (PUSHD), a token in its presale phase, is building the first decentralized online marketplace

About Tether?

The live price of Tether (USDT) today is 1.0012 USD, and with the current circulating supply of Tether at 98,798,027,729.43 USDT, its market capitalization stands at 98,917,289,325 USD. In the last 24 hours USDT price has moved ? USD or 0.00% while ? 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 Price1.0012 USD
Market Rank#3
Market Cap98,917,289,325 USD
24h Volume25,916,325,562 USD
Circulating Supply98,798,027,729.43 USDT
Max SupplyNo data
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