Tether
USDTPrice
$1.00
24 Hour % Change
-0.03%
Market Cap
$64.26B
Volume (24h)
$69.38B
USD
Linear
Log
to
Key metrics
24 Hour Low
$0.999599
24 Hour High
$1.00
Net change
$-0.000318
24 Hour Open
$1.00
All time high
$1.32
Total Supply
64.25B
Returns (24H)
-0.03%
Returns (YTD)
-0.01%
Volatility (30d)
0.01
Transaction Count (24h)
704
Average Transaction Fee (24h)
n/a
Value Transacted (24h)
$19.00M
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. CoinDesk also provides a suite of institutional-grade price indexes. Find out more about them here.
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.
Foundations - Consensus: Distributed
Bank Capital And Cryptocurrencies
Jun 15, 2021
gopixa/iStock Editorial via Getty Images The BIS's draft proposals for capital regulation of stablecoins and cryptocurrencies have just been released. The headline proposal was a risk weighting of 1250% for what the BIS called "Group 2 cryptoassets", which includes all cryptocurrencies, all algorithmic stablecoins, and reserved stablecoins that don't meet
Disruption in Tether’s Value Could Be Crypto Equivalent of ‘Breaking the Buck’: Former CFTC Chairman
Jun 1, 2021
Timothy Massad compared the hypothetical occurrence to the collapse in NAV of the Reserve Primary Fund in September 2008.
The company's recent move is more about policy than price. Plus: Did this week mark the start of a meaningful shift in the stablecoin market?
Tether’s First Reserve Breakdown Shows Token 49% Backed by Unspecified Commercial Paper
May 13, 2021
The new composition report is part of Tether’s efforts to stay in compliance with a settlement with the New York Attorney General.
Coinbase Expands Support for Tether Stablecoin
May 4, 2021
After adding the stablecoin to its Pro platform, Coinbase says USDT is now available for general users.
Tether Passes $50B Market Cap
Apr 26, 2021
The world’s largest stablecoin last week received a boost by being listed on Coinbase Pro.
