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Tether

Tether USDT

Token
Tether Price (USDT)
$1.00
0.00% Buy USDT

0.00076 ETH

0.00005150 BTC

Low: $1.00
High: $1.00
24h
Market Cap
$68,453,063,529
0.00%
Fully Diluted Market Cap
$70,269,314,291
0.00%
Volume
24h
$35,611,804,739
12.63%
Volume / Market Cap
0.5202
Circulating Supply
68,333,059,095 USDT
Max Supply
--
Total Supply
70,146,125,804
Tether USDT
Price: $1.00
0.00% Buy USDT
Tether (USDT) Social Signals & Traffic Tracker
Tether twitter
Twitter Stats
@tether_to

Followers

297,251

0.96%

Following

369

0.00%

Tweet count

911

0.22%

Joined at Nov 07, 2014
Tether reddit
Reddit Stats
r/Tether

Subscribers

10,267

0.00%

Subreddit type

restricted

Moderators

3

0.00%

Joined at Aug 04, 2014
Tether telegram
Telegram Stats
@OfficialTether

Title

Tether

Members

7,335

0.37%

Tether traffic
Website Traffic
tether.to

Website Rating (DR)

80 / 100

1.23%

Ahrefs Rank

12,958

10.49%

Organic Traffic (mo.)

35,798

49.83%

Tether github
GitHub Organization
tetherto

Public repos

3

Type

Organization

Created at Jan 16, 2015
Tether github
GitHub Repository

Currently, official Tether GitHub account doesn’t exist or wasn’t submitted. 🔆

Tether Price statistics

Tether Price
$1.00
Price change 24h
-$0.00
0.00%
24h Low / 24h High
$1.00 /
$1.00
All Time High
Feb 25, 2015 (7 years 7 months ago)
$1.22
17.58%
All Time Low
Mar 02, 2015 (7 years 7 months ago)
$0.5683
76.27%
Trading Volume 24h
$35,611,804,739
12.63%
Volume / Market Cap
0.5202
Market Dominance
6.96%
Market Rank
#3
Market Cap
$68,453,063,529
0.00%
Fully Diluted Market Cap
$70,269,314,291
0.00%

Live USDT Price Analysis

The current real time Tether price is $1.00, and its trading volume is $35,611,804,738.81 in the last 24 hours. USDT price has plummeted by 0.00% in the last day, and decreased by 0.00% in the last 7 days. It’s important to note that current Tether market capitalization is $68,453,063,528.51, Talking about circulating supply, USDT has 68,333,059,095 coins. Currently, Tether rank on the market is #3.

Tether price today is 17.58% below all time high, and it is 76.27% above all time low.

All data and prices are updated in real-time. The most active and popular exchanges for buying or selling USDT are Binance, Kucoin & Kraken. Find more crypto exchange options on our Crypto Exchange Tracker. The most secure hardware wallets for keeping your cryptocurrency safe are Ledger and Trezor.

What Is Tether (USDT)?

Tether Limited is a Hong Kong-based company that released the controversial stablecoin called USDT. In fact, USDT is the first and the most popular stablecoin in the crypto market.

The term “stablecoin” essentially means that the Tether price doesn’t change much based on market fluctuations. This is the case because the USDT token is pegged to the US dollar at a 1:1 rate. Thus, one USDT token is approximately equal to 1 US dollar. Check out the Tether price chart above to see that for yourself. Its value stays fairly close to $1, even when the market fluctuates.

To be more precise, Tether is a collateralized stablecoin. It’s backed by assets and reserves that belong to the company. In order to maintain the USDT peg to the US dollar, all Tether coin reserves must be equal to or less than the total number of USDT tokens in circulation. Thus, Tether must assign an equal amount of US dollars to its reserves each time it issues new USDT tokens to make sure that USDT is completely backed by cash.

Besides, note that USDT operates as a second-layer token because it doesn’t have its own blockchain. Even though initially it was only based on the Bitcoin network, as time passed it was integrated into other blockchains including Tron, EOS, Bitcoin Cash, Solana, Ethereum, Kusama, and so on. Consequently, the token is secured by the hashing algorithms of the aforementioned blockchains.

The Story of Tether

In a whitepaper that was posted online in January 2012, software developer J.R. Willett discussed the potential for creating new crypto assets on top of the Bitcoin blockchain. This is exactly when the concept of Tether began. Willett later put his concept into practice by creating Mastercoin. The Mastercoin protocol was then used as a foundation for the creation of Tether.

USDT token was initially released in 2014 as Realcoin. Realcoin was a second-layer token constructed on top of the Bitcoin network. The Omni layer (a transport protocol) was used to develop the token. However, after some time, it was rebranded as USTether, which eventually turned into USDT.

Craig Sellars and Brock Pierce were the members of the Mastercoin Foundation and the two initial founders of Tether. Reeve Collins was the third founder of Tether. Apart from being founders of Tether, they all also contributed to various other crypto, entertainment, and tech projects.

The Goal of Tether

Essentially, Tether tokens combine the decentralization of crypto with the stable value of the US dollar. Thus, USDT tokens can be transacted without any middlemen or financial institutions. However, they also manage to keep their value stable by pegging it to the US dollar.

The following are the three main use cases of Tether coins:

  • A way to deal with the volatility of the crypto market. High volatility is one of the essential characteristics of the crypto market. It’s affected by a huge variety of factors that make the prices of various crypto assets fluctuate. However, it’s not the case with the USDT price, since it’s backed by the US dollar. Thus, by keeping its price stable, USDT contributes to lowering the volatility of the whole market.
  • A backup plan for investors. Tether crypto assets often become a savior for investors when the crypto market starts to fluctuate extremely. They can link their portfolios to Tether, which allows them to avoid a full withdrawal of their holdings. Since USDT is not really affected by market volatility, it allows investors to keep the value of their holdings the same.
  • An alternative for deposit or withdrawal operations. Users can easily transfer their US dollars between regions, countries, and even continents thanks to Tether's widespread acceptance. Thus, instead of sending US dollars to some other country, they can send USDT tokens, which can then be converted into US dollars.

The Supply of Tether Coins

Essentially, the total supply of Tether tokens doesn’t have an actual limit. Since USDT is owned by a private company, technically, its issuance is solely constrained by Tether's own policies. However, Tether doesn’t announce schedules of USDT issuance in advance.

The company only offers daily transparency reports that detail the overall value of its asset reserves and liabilities. These reports can be used to determine the quantity of USDT tokens that are in circulation.

However, in reality, the supply of Tether cannot be endless. The number of tokens is constrained by the company's actual cash reserves. This is the case because Tether asserts that every single USDT is meant to be backed by one US dollar. Therefore, if Tether would not be able to acquire more cash, it also wouldn’t be able to issue more USDT tokens.

Getting back to the Tether price, it’s important to highlight that, even though it’s a stablecoin, the USDT price might still swing a little. If you looked at the Tether price chart above, you would notice that the line there is not straight. However, one way or another, it does stay close to $1.

The Controversy of Tether

It was mentioned in the beginning that Tether is a controversial token. Why? Well, first of all, some people doubted Tether's assertions concerning the reliability of their US dollar reserves. This even resulted in bigger USDT price swings when it managed to go below $0.9.

Besides that, some people tend to question the security of Tether. The fact that Tether's reserves have never undergone a thorough audit by an impartial third party has drawn some criticism. Also, for making false assertions about the state of its books, the company has received fines more than once.

Overall, there’s definitely some doubt surrounding the USDT token. However, even though there is some skepticism towards this asset, many people do believe that Tether will not fail because of how “big” it is.

What's Tether trading volume in the last 24 hours?

USDT has a trading volume of $35,611,804,738.81 in the last 24 hours.

What's Tether highest price ever?

USDT has a highest price of $1.22, which was reached on Feb 25, 2015 (7 years 7 months ago).

What's Tether lowest price ever?

USDT has a lowest price of $0.5683, which was reached on Mar 02, 2015 (7 years 7 months ago).

What are the best exchanges for buying and selling USDT?

Currently, the most active and dominating exchanges for buying and selling Tether are Binance, Kraken & Kucoin. The most popular Tether trading pairs are BTC/USDT (on Binance ), ETH/USDT (on Binance ), BTC/USDT (on Gate.io ). Head to the Crypto Deal Directory to access custom & exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.

What are the safest hardware wallets for keeping USDT?

According to an in-depth review process and testing, Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping Tether. For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory.

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Current market Price of a specific cryptocurrency.

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The cryptocurrency's market Price changes in percent within the last 24 hours (1 day).

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The highest historical cryptocurrency value.

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The lowest historical cryptocurrency value.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

Learn this metric

FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

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It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

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It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

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The current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market.

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The ratio of Volume and Market Capitalization values.

The ratio of Volume and Market Capitalization values.

Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked (are available to be traded publicly).

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Verified Data

Tether project's Circulating Supply has been verified and is equal to:

Circulating Supply

68,333,059,095 USDT

The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency's lifetime. Similar to stock market's Fully Diluted Shares.

Note: Max Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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The quantity of all coins/tokens that have ever been issued (even if the coins are locked), minus all coins/tokens that have been removed from circulation (burned). The Total Supply is similar to stock market's Outstanding Shares.

Total Supply = All Issued Coins - Burned Coins.

Note: Total Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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