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
$1.00
24 Hour % Change
0.02%
Market Cap
$63.26B
Volume (24h)
$65.26B
USD
Linear
Log
to
Key metrics
24 Hour Low
$0.999494
24 Hour High
$1.00
Net change
$0.000162
24 Hour Open
$1.00
All time high
$1.32
Total Supply
63.25B
Returns (24H)
0.02%
Returns (YTD)
0.00%
Volatility (30d)
0.00
Transaction Count (24h)
695
Average Transaction Fee (24h)
n/a
Value Transacted (24h)
$7.40M
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
Why Stablecoins Are Suddenly in the News
Jul 27, 2021
From questions surrounding Tether's USDT to Circle's plan to go public, here is your guide to why everyone is suddenly talking about stablecoins.
Cryptocurrency market makers say they're fielding inquiries about how to bet on a falling price for the dollar-pegged stablecoin USDT.
Tether’s Collapse Would Be Chaotic, Not Cataclysmic
Jul 26, 2021
Possible criminal charges against Tether executives will put even more pressure on a product that the market is already cooling on.
According to one analyst, some $1 billion in trading positions were liquidated as prices surged.
Unlike past scares, Monday’s report of a Department of Justice investigation hasn’t shaken traders’ faith in the stablecoin.
SEC Chair Hints Some Stablecoins Are Securities
Jul 21, 2021
Stock tokens and stablecoins backed by securities might be treated as securities under U.S. law, SEC Chair Gary Gensler said.