Tether
USDTWhat is The CoinDesk 20?
The CoinDesk 20 filters from the larger universe of thousands of cryptocurrencies and digital assets to define a core group of 20.
These assets constitute roughly 99% of the market by volume at eight of the largest and most trustworthy exchanges.
Price
$0.999428
24 Hour % Change
-0.09%
Market Cap
$46.73B
Volume (24h)
$136.99B
USD
Linear
Log
to
Key metrics
24 Hour Low
$0.998180
24 Hour High
$1.00
Net change
$-0.000908
24 Hour Open
$1.00
All time high
$1.32
Total Supply
46.75B
Returns (24H)
-0.09%
Returns (YTD)
-0.05%
Volatility (30d)
0.01
Transaction Count (24h)
9,358
Average Transaction Fee (24h)
n/a
Value Transacted (24h)
$43.69M
About Tether
Category
Stablecoin
Value proposition
Digital fiat
Tether was one of the first cryptocurrencies to peg its market value to a fiat currency. Launched in July 2014, Tether, originally called “Realcoin”, valued each token at $1.00 to reduce the friction of moving real currency throughout the cryptocurrency ecosystem. Due to its dollar peg, Tether and other similar cryptocurrencies have been dubbed “stablecoins”. Tether is the largest stablecoin by market capitalization and its users can redeem tethers for dollars. Originally, Tether launched on Bitcoin’s Omni Layer, but continues to expand to other protocols, including Ethereum, Bitcoin Cash, TRON, EOS, and Liquid Network. Note: the market cap figure shown here counts only supply on Ethereum
Tether price page is part of The CoinDesk 20 that features price history, price ticker, market cap and live charts for the top cryptocurrencies.
Disclaimer
Any data, text or other content on this page is provided as general market information and not as investment advice. Past performance is not necessarily an indicator of future results. CoinDesk is an independently managed media company, wholly owned by the Digital Currency Group, which invests in cryptocurrencies and blockchain startups. DCG has no operational input into the selection or curation of CoinDesk content in all its forms.
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Tether and Hermez announced mutual support in January to address the problem of historic Ethereum transaction fees.
Tether is its "own worst enemy" and needs to be audited, according to co-founder William Quigley.
Tether has announced the expansion of its USDT token to an eighth blockchain.
Regulation Could Actually Help Tether
Mar 3, 2021
DeFi has cut into Tether's dominance of the stablecoin market. Will greater regulation help win back customers?
