Tether Price Today (USDT to USD), Live Chart & Market Cap

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Tether (USDT)

What is Tether?

Tether (USDT) is a stablecoin designed to track the U.S. dollar one-to-one. Traders and platforms use it as a digital stand-in for dollars on exchanges where moving bank money is slow or impractical, and it has become the default quote currency for much of the crypto spot and derivatives market.

Unlike Bitcoin or Ethereum, USDT does not aim to be a volatile investment asset. Its job is liquidity and stability of denomination: move value between chains, park balances in “dollars” on-chain, and pair against thousands of altcoins without leaving the crypto rails. Tether issues USDT on many networks—including Ethereum, Tron, Solana, and others—so the same ticker can appear with different contract addresses depending on the chain.

USDT is issued by Tether Limited. The firm publishes attestations and reserves disclosures over time; the stablecoin sector as a whole has faced regulatory and transparency scrutiny, and USDT is no exception. Users should treat peg stability as a risk to monitor, not a guarantee, and read issuer materials for the latest reserve composition and terms.

For a general audience: think of USDT as on-chain dollars for trading and settlement, not a substitute for a bank account or government deposit insurance. Always verify contracts on the correct network before sending funds.

Key Facts & Snapshot

Symbol: USDT
CoinGecko id: tether
Market cap rank (CoinGecko): #3
Categories: Stablecoins, USD Stablecoin, Solana Ecosystem, Avalanche Ecosystem, Near Protocol Ecosystem, Celo Ecosystem, Ethereum Ecosystem, Tezos Ecosystem, Kaia Ecosystem, Aptos Ecosystem, FTX Holdings, TON Ecosystem, Tron Ecosystem, Kava Ecosystem, Fiat-backed Stablecoin, World Liberty Financial Portfolio
Circulating supply (snapshot): 184,372,892,168
Total supply (snapshot): 189,839,832,037
All-time high (USD, CoinGecko): $1.32 (Jul 24, 2018)
All-time low (USD, CoinGecko): $0.5725 (Mar 2, 2015)

Market (USD snapshot)

Market cap (USD, snapshot): $184.43B
24h volume (USD, snapshot): $49.25B
Fully diluted valuation (USD, snapshot): $189.89B
24h price change (snapshot): -0.01%

Contract addresses (by platform)

ethereum: 0xdac17f958d2ee523a2206206994597c13d831ec7
klay-token: 0xd077a400968890eacc75cdc901f0356c943e4fdb
tezos: KT1XnTn74bUtxHfDtBmm2bGZAQfhPbvKWR8o
tron: TR7NHqjeKQxGTCi8q8ZY4pL8otSzgjLj6t
solana: Es9vMFrzaCERmJfrF4H2FYD4KCoNkY11McCe8BenwNYB
near-protocol: usdt.tether-token.near
kava: 0x919c1c267bc06a7039e03fcc2ef738525769109c
celo: 0x48065fbbe25f71c9282ddf5e1cd6d6a887483d5e
the-open-network: EQCxE6mUtQJKFnGfaROTKOt1lZbDiiX1kCixRv7Nw2Id_sDs
aptos: 0x357b0b74bc833e95a115ad22604854d6b0fca151cecd94111770e5d6ffc9dc2b
avalanche: 0x9702230a8ea53601f5cd2dc00fdbc13d4df4a8c7

Official & Community Links

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Frequently Asked Questions

What is Tether (USDT) and how does it maintain its value?

Tether (USDT) is a fiat-backed stablecoin designed to maintain a 1:1 peg with the US dollar. It operates across multiple blockchain ecosystems including Ethereum, Tron, Solana, and Avalanche, and is currently the third-largest cryptocurrency by market cap at $184.43 billion.

Why does Tether's all-time high show $1.32 if it's supposed to be pegged at $1?

Tether reached an all-time high of $1.32 on July 24, 2018, during a period when the stablecoin temporarily lost its peg due to market volatility and liquidity issues. Stablecoins can occasionally trade above or below their intended $1 peg during extreme market conditions, though they typically revert to the target price.

How much Tether is currently in circulation?

Tether has a circulating supply of approximately 184.37 billion USDT tokens out of a total supply of 189.84 billion. The daily trading volume is around $49.25 billion, making it one of the most actively traded cryptocurrencies.

What are the risks of holding Tether compared to actual US dollars?

While Tether aims to maintain a $1 peg, it has experienced deviations ranging from an all-time low of $0.5725 in 2015 to $1.32 in 2018. Risks include potential loss of peg during market stress, questions about reserve transparency, regulatory scrutiny of stablecoin issuers, and the fact that USDT is not FDIC-insured like traditional bank deposits.

Which blockchain networks support Tether?

Tether operates on numerous blockchain ecosystems including Ethereum, Tron, Solana, Avalanche, Near Protocol, Celo, Tezos, Kaia, Aptos, TON, and Kava. This multi-chain presence allows users to transfer USDT across different networks depending on their needs for speed, cost, and compatibility.