Bitcoin
Bitcoin (BTC)
$64,536.00 1.37414
Bitcoin price
Ethereum
Ethereum (ETH)
$3,089.17 0.82206
Ethereum price
BNB
BNB (BNB)
$559.51 1.61104
BNB price
Solana
Solana (SOL)
$146.66 5.38249
Solana price
XRP
XRP (XRP)
$0.5009060 0.05271
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000229 1.04044
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000052 2.63882
Pepe price
Bonk
Bonk (BONK)
$0.0000151 3.78517
Bonk price
Bitcoin
Bitcoin (BTC)
$64,536.00 1.37414
Bitcoin price
Ethereum
Ethereum (ETH)
$3,089.17 0.82206
Ethereum price
BNB
BNB (BNB)
$559.51 1.61104
BNB price
Solana
Solana (SOL)
$146.66 5.38249
Solana price
XRP
XRP (XRP)
$0.5009060 0.05271
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000229 1.04044
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000052 2.63882
Pepe price
Bonk
Bonk (BONK)
$0.0000151 3.78517
Bonk price
Bitcoin
Bitcoin (BTC)
$64,536.00 1.37414
Bitcoin price
Ethereum
Ethereum (ETH)
$3,089.17 0.82206
Ethereum price
BNB
BNB (BNB)
$559.51 1.61104
BNB price
Solana
Solana (SOL)
$146.66 5.38249
Solana price
XRP
XRP (XRP)
$0.5009060 0.05271
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000229 1.04044
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000052 2.63882
Pepe price
Bonk
Bonk (BONK)
$0.0000151 3.78517
Bonk price
Bitcoin
Bitcoin (BTC)
$64,536.00 1.37414
Bitcoin price
Ethereum
Ethereum (ETH)
$3,089.17 0.82206
Ethereum price
BNB
BNB (BNB)
$559.51 1.61104
BNB price
Solana
Solana (SOL)
$146.66 5.38249
Solana price
XRP
XRP (XRP)
$0.5009060 0.05271
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000229 1.04044
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000052 2.63882
Pepe price
Bonk
Bonk (BONK)
$0.0000151 3.78517
Bonk price
SirWin
SirWin
SirWin

Tether Price

usdt
usdt Tether
$1.00
24h Volume $34,588,297,402
Market Cap $109,523,420,436
24h Low/High $0.9952310 / $1.01
24h 0.07%
7d 0.19%

Tether to USD price Chart

USDT price live data

The Tether price is currently at $1.00, as of April 19, 2024. Over the past 24 hours, the price of USDT has moved by 0.07%. The 24-hour trading volume for Tether stands at $34,588,297,402. Over the past year, the USDT price has experienced a -0.03% change. Tether now holds the 3 position in crypto.news rankings, with a market capitalization of $109,523,420,436. The circulating supply of USDT is currently $109,469,563,907. The metrics are updated every minute for real-time accuracy.

Tether History

What is Tether (USDT)?

Tether (USDT) is a type of cryptocurrency called stablecoin. Stablecoins are digital currencies that aim to mirror the value of a specific fiat currency; in Tether’s case, it’s the U.S. dollar. The core concept is that each USDT token is equivalent to one U.S. dollar. The tokens are issued by a Hong Kong-based company Tether. They offer the benefits of digital currencies, such as fast transactions and freedom from intermediaries, while maintaining a stable value, a unique feature in the highly volatile crypto market.

Tether also has other stablecoins, such as:

  • Tether gold (AUXT): pegged to gold’s price
  • Tether euro (EURT): pegged to euro
  • Tether peso (MXNT): pegged to the Mexican peso
  • Tether yuan (CNHT): pegged to the offshore Chinese yuan

Who are the founders of Tether?

Tether was the brainchild of a group of early Bitcoin enthusiasts who were keen to provide a digital representation of traditional fiat currencies. This group, which included Brock Pierce, Reeve Collins, and Craig Sellars, launched the Tether platform and the USDT coin in 2014.

How does Tether (USDT) work?

Tether (USDT) operates differently from many cryptocurrencies like bitcoin or ether. USDT is built on top of popular blockchains, such as Algorand, Avalanche, Bitcoin Cash’s Simple Ledger Protocol (SLP), Ethereum, EOS, Liquid Network, Omni, Polygon, Tezos, Tron, Solana, and Statemine.

USDT is issued or destroyed in response to user demand. Unlike other decentralized cryptocurrencies, Tether has a central entity, Tether company, that oversees the operation and supply of USDT coins.

How do network consensus and validation work on USDT?

As Tether doesn’t have its own blockchain, the consensus and validation mechanisms of USDT rely on the underlying blockchain that it operates on. For example, if USDT is issued on the Ethereum network, it follows Ethereum’s consensus protocol.

Initially, USDT was designed to use the Bitcoin network via the Omni Layer protocol. However, Tether has evolved and can now operate on the Ethereum network as an ERC-20 token. This allows Tether to use Ethereum’s features like smart contracts and decentralized applications. 

The important thing to remember is that because Tether operates on different blockchains, you need to make sure the destination address is compatible with the blockchain you’re using. Always check the details carefully to ensure a smooth transfer of your USDT tokens.

What makes Tether unique?

Tether offers a significant degree of stability compared to other cryptocurrencies. Its 1:1 peg with the U.S. dollar makes it a popular choice for investors looking for a safe haven during volatile market conditions. This stability is also useful for transferring money quickly across countries, making USDT a convenient tool in the world of digital finance. Tether currently ranks 3 by market cap with a valuation of $109,523,420,436.

What makes Tether (USDT) different from other stablecoins?

While other stablecoins like USDT, USDC, and BUSD are all backed by the USD, there are key differences between them. All of them are designed to maintain a 1:1 ratio with the US dollar, making the USDT price more stable than traditional cryptocurrencies. They’re widely supported by major cryptocurrency exchanges and wallets and can be exchanged on a 1:1 basis for cash.

A significant distinction lies in the blockchains they’re available on. For instance, BUSD is limited to Ethereum and BNB Chain, whereas USDT and USDC are more versatile, appearing on various networks such as Solana, Algorand, and Avalanche. This multichain presence enhances transaction speed and could potentially lower fees.

However, USDT had some controversies over its reserve management. Tether coin price has sometimes dropped below the $1 mark, leading to questions about the full backing of its dollar reserves. 

USDC and BUSD have earned the backing of major financial institutions. However, there were some issues with their stability: a glitch in Binance’s collateralization system that led to BUSD depegging or the notable dip in USDC’s value following Silicon Valley Bank’s closure in 2023.

Tether security and supply

How is the Tether network secured?

The security of the Tether network depends on the security of the underlying blockchain on which USDT is issued. Tether also claims that every USDT token is backed 1:1 with traditional currency held in its reserves, and it aims to maintain transparency by publishing a record of its reserves regularly.

How many Tether (USDT) coins are there in circulation?

The total supply of Tether (USDT) coins is determined by the amount of U.S. dollar reserves that Tether has. The company claims that each USDT token is backed by one U.S. dollar held in its reserves. As of April 19, 2024, $109,469,563,907 USDT tokens are in circulation.

How and where to buy Tether (USDT)

Where can you buy Tether (USDT)?

You can buy Tether (USDT) on various popular cryptocurrency exchanges, such as Binance, Coinbase, Kraken, and Kucoin. 

How to buy USDT?

1. Select a suitable cryptocurrency exchange where USDT is listed.

2. Set up an account on the chosen exchange.

3. Select Tether (USDT), and choose your preferred payment method.

4. Purchase the amount of USDT you want.

5. Get a crypto wallet where you’ll store your USDT. A hardware wallet offers higher security but requires an investment, while a software wallet is more accessible but potentially less secure.

6. Transfer your USDT to your wallet for safekeeping.

It’s important to know the risks involved in investing in any cryptocurrency, including USDT, so conduct thorough research before making any investment decisions.

FAQs

Is Tether (USDT) a good investment?

Given Tether’s design as a stablecoin, its price doesn’t fluctuate like other cryptocurrencies. Therefore, it doesn’t offer significant returns as an investment. However, it provides stability in volatile market conditions and could be a useful part of your broader cryptocurrency portfolio.

What other assets are similar to USDT?

Similar assets to Tether are other stablecoins like USDC and BUSD. They also maintain a 1:1 ratio with the US dollar and provide stability. Besides USDT, Tether company has stablecoins pegged to other assets like gold (AUXT), euro (EURT), Mexican peso (MXNT), and Chinese yuan (CNHT).

What is the typical holding time of Tether?

According to the IntoTheBlock data, the majority of Tether holders, about 63%, hold their USDT for more than a year. Another 30% of Tether holders keep their USDT for one to twelve months. The smallest group, about 6%, holds Tether for less than one month. This group typically consists of traders who frequently move in and out of positions.

What is the relative popularity of Tether?

As of April 19, 2024, Tether (USDT) currently ranks 3 based on its market cap of $109,523,420,436.

How many Tether coins are there?

The number of Tether (USDT) coins in circulation is equivalent to the amount of U.S. dollar reserves that Tether holds. This is because every USDT is claimed to be backed by one U.S. dollar in the company’s reserves. As of April 19, 2024, there are $109,469,563,907 coins in circulation.

Is USDT the same as USD?

USDT is not the same as USD. USDT is a cryptocurrency that is pegged to the value of the USD. The main idea is that every USDT token represents one USD, providing a digital equivalent of the USD.

How much will USDT be worth in the future?

As a stablecoin, USDT is designed to maintain a value equivalent to one U.S. dollar. Unless there are changes in its underlying structure, the future value of USDT will continue to mirror the U.S. dollar.

Why is Tether always one dollar?

Tether maintains a 1:1 ratio with the U.S. dollar by holding an equivalent amount of dollars in its reserves for each Tether issued. This is why Tether’s value is typically close to $1.

Who manages Tether’s price?

Tether’s price is managed by the Tether company. They aim to keep the value of USDT close to $1 by managing the supply based on demand. If more users want to buy USDT, the company issues more tokens; if users want to redeem USDT, the company reduces the supply. This mechanism helps keep the price of USDT stable.

USDT Price Statistics

Tether Price $1.00
Price Change 24h 0.07%
Price Change 7d 0.19%
Trading Volume 24h $34,588,297,402
24H Low $0.9952310
24H High $1.01

Tether Market Cap

Market Cap Rank #3
Market Cap $109,523,420,436 0.42%
Fully Diluted Valuation $109,523,420,436

Tether Price History

All-Time High July 24, 2018 $1.32 -24.35%
All-Time Low March 2, 2015 $0.5725210 74.82%

Tether Supply

Circulating Supply $109,469,563,907
Max Supply --
Total Supply $109,469,563,907

Latest Tether News

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