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About USDT

Tether USDt (USDT) is a cryptocurrency launched in 2015. USDT has a current supply of 116.08Bn with 112.55Bn in circulation. The last known price of USDT is 0.999768899 USD and is 0.000342773278 over the last 24 hours. It is currently trading on active market(s) with $76.70Bn traded over the last 24 hours. More information can be found at https://tether.to.

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USDT Price Statistics
USDT’s Price Today
24h Price Change
+$0.0003427732780.03%
24h Volume
$76.70Bn38.77%
24h Low / 24h High
$0.99986458 / $1.00
Volume / Market Cap
0.681645058596
Market Dominance
4.85%
Market Rank
#3
USDT Market Cap
Market Cap
$112.53Bn
Fully Diluted Market Cap
$116.06Bn
USDT Price History
7d Low / 7d High
$0.99966227 / $1.00
All-Time High
$1.22Feb 26, 2015
All-Time Low
$0.56831402Mar 02, 2015
USDT Supply
Circulating Supply
112.55Bn
Total Supply
116.08Bn
Max Supply
0
Updated Jun 19, 2024 2:01 am
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USDT
Tether USDt
$0.999768899
$0.000342773278(+0.03%)
Mkt Cap $112.53Bn
There's nothing here for now

Frequently Asked Questions

  • What Is Tether (USDT)?

    Launched in 2014, Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner. Tether works to disrupt the conventional financial system via a more modern approach to money. Tether has made headway by giving customers the ability to transact with traditional currencies across the blockchain, without the inherent volatility and complexity typically associated with a digital currency. As the first blockchain-enabled platform to facilitate the digital use of traditional currencies (a familiar, stable accounting unit), Tether has democratised cross-border transactions across the blockchain.

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  • What is the Tether USD₮ token?

    USD₮ is a digital dollar, powered by blockchain technology, a stablecoin that is pegged 1:1 to the USD.

    USD₮ provides individuals and organizations with a robust and decentralized method of exchanging value while using a familiar accounting unit.

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  • How do Tether tokens work?

    Tether tokens exist as digital tokens built on several leading blockchains, including Algorand, Avalanche, Bitcoin Cash’s Simple Ledger Protocol (SLP), Ethereum, EOS, Liquid Network, Omni, Polygon, Tezos, Tron, Solana, Kava and Statemine. These transport protocols consist of open source software that interface with blockchains to allow for the issuance and redemption of Tether tokens. Every Tether token is 100% backed by Tether's reserves. As a fully transparent company, Tether publishes a record of the current reserve assets.

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  • Who Are The Founders Of Tether?

    USDT — or as it was known at the time, Realcoin — was launched in 2014 by Brock Pierce, Reeve Collins and Craig Sellars.

    Brock Pierce is a well-known entrepreneur who has co-founded a number of high-profile projects in the crypto and entertainment industries. In 2013, he co-founded a venture capital firm Blockchain Capital, which by 2017 had raised over $80 million in funding. In 2014, Pierce became the director of the Bitcoin Foundation, a nonprofit established to help improve and promote Bitcoin. Pierce has also co-founded Block.one, the company behind EOS, one of the largest cryptocurrencies on the market.

    Reeve Collins was the CEO of Tether for the first two years of its existence. Prior to that, he had co-founded several successful companies, such as the online ad network Traffic Marketplace, entertainment studio RedLever and gambling website Pala Interactive. As of 2020, Collins is heading SmarMedia Technologies, a marketing and advertising tech company.

    Other than working on Tether, Craig Sellars has been a member of the Omni Foundation for over six years. Its Omni Protocol allows users to create and trade smart-contract based properties and currencies on top of Bitcoin’s blockchain. Sellars has also worked in several other cryptocurrency companies and organizations, such as Bitfinex, Factom, Synereo and the MaidSafe Foundation.

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  • What Makes Tether Unique?

    USDT’s unique feature is the fact that its value is guaranteed by Tether to remain pegged to the U.S. dollar. According to Tether, whenever it issues new USDT tokens, it allocates the same amount of USD to its reserves, thus ensuring that USDT is fully backed by cash and cash equivalents.

    The famously high volatility of the crypto markets means that cryptocurrencies can rise or fall by 10-20% within a single day, making them unreliable as a store of value. USDT, on the other hand, is protected from these fluctuations.

    This property makes USDT a safe haven for crypto investors: during periods of high volatility, they can park their portfolios in Tether without having to completely cash out into USD. In addition, USDT provides a simple way to transact a U.S. dollar equivalent between regions, countries and even continents via blockchain — without having to rely on a slow and expensive intermediary, like a bank or a financial services provider.

    However, over the years, there have been a number of controversies regarding the validity of Tether’s claims about their USD reserves, at times disrupting USDT’s price, which went down as low as $0.88 at one point in its history. Many have raised concerns about the fact that Tether’s reserves have never been fully audited by an independent third party.

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  • Is Tether Entering the Social Media Market?

    In July 2022, Tether, alongside peer-to-peer data network Hypercore and its sister company Bitfinex, collaborated on a social media app called Keet.

    The fully encrypted video chat application is currently a desktop-only app for now, but there are plans to extend the product to mobile devices soon.

    Keet app is the first app to be deployed on Holepunch, a platform that allows developers to build Web3 apps. And although Keet is still a closed-source project, the companies plan to make it open-source by the end of the year.

    Commenting on why Tether was launching a chat app, Ardoino, who doubles as the chief strategy officer at Holepunch, simply said “freedom of speech.”

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  • How Many Tether (USDT) Coins Are There In Circulation?

    There is no hard-coded limit on the total supply of USDT — given the fact that it belongs to a private company, theoretically, its issuance is limited only by Tether’s own policies. However, because Tether claims that every single USDT is supposed to be backed by one U.S. dollar, the amount of tokens is limited by the company’s actual cash reserves.

    Moreover, Tether does not disclose its issuance schedules ahead of time. Instead, they provide daily transparency reports, listing the total amount of their asset reserves and liabilities, the latter corresponding to the amount of USDT in circulation.

    As of September 2020, there are over 14.4 billion USDT tokens in circulation, which are backed by $14.6 billion in assets, according to Tether.

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  • How Is the Tether Network Secured?

    USDT does not have its own blockchain — instead, it operates as a second-layer token on top of other cryptocurrencies’ blockchains: Bitcoin, Ethereum, EOS, Tron, Algorand, Bitcoin Cash and OMG, and is secured by their respective hashing algorithms.

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  • Where Can You Buy Tether (USDT)?

    It is possible to buy Tether / USDT on a large number of cryptocurrency exchanges. In fact, USDT’s average daily trading volume is often on par or even exceeds that of Bitcoin. It is especially prominent on those exchanges where fiat-to-crypto trading pairs are unavailable, as it provides a viable alternative to USD. Here are some of the most popular exchanges that support Tether trading:

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  • What is the all-time high price of Tether USDt (USDT)?

    The all-time high of USDT was 1.22 USD on 2015-02-26, from which the coin is now down 18.051729590163934%. The all-time high price of Tether USDt (USDT) is 1.22. The current price of USDT is down 18.051729590163934% from its all-time high.

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  • How much Tether USDt (USDT) is there in circulation?

    As of , there is currently 112.55Bn USDT in circulation. USDT has a maximum supply of 0.

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  • What is the market cap of Tether USDt (USDT)?

    The current market cap of USDT is 112.53Bn. It is calculated by multiplying the current supply of USDT by its real-time market price of 0.999768899.

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  • What is the all-time low price of Tether USDt (USDT)?

    The all-time low of USDT was 0.56831402 , from which the coin is now up 75.91839437640479%. The all-time low price of Tether USDt (USDT) is 0.56831402. The current price of USDT is up 75.91839437640479% from its all-time low.

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  • Is Tether USDt (USDT) a good investment?

    Tether USDt (USDT) has a market capitalization of $112.53Bn and is ranked #3 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Tether USDt (USDT) price trends and patterns to find the best time to purchase USDT.

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