Coins: 10053 Exchanges: 946 Market Cap: $1,225,562,243,650 1.25% 24h Vol: $48,208,812,807.548 Dominance: BTC 46.65%, ETH 18.33%
LIVE
Tether price

Tether Price (USDT)

$0.999254

0.33%
Rank #3

Tether Price Chart (USDT/USD)

Last updated 25 Jun 2024, 09:44AM UTC. Currency in USD.

Markets
# Exchange Pair Price Spread Volume(24h) Trust
1 Binance BTC / USDT $0.97507759 0.01% $1,544,634,058
2 XT.COM BTC / USDT $0.97524343 0.01% $616,979,675
3 BitMart BTC / USDT $0.97547561 0.01% $579,428,827
4 Binance ETH / USDT $0.97048906 0.01% $552,314,095
5 Digifinex BTC / USDT $0.97514392 0.01% $475,230,210
6 Binance TUSD / USDT $1.00 0.02% $403,775,826
7 Pionex BTC / USDT $0.99996740 0.01% $400,801,142
8 P2PB2B BTC / USDT $0.97557511 0.01% $394,282,336
9 OKX BTC / USDT $0.97713401 0.01% $391,666,079
10 Binance USDC / USDT $1.00 0.02% $334,230,411
11 Deepcoin BTC / USDT $0.97491175 0.01% $318,424,574
12 LBank BTC / USDT $0.97570778 0.01% $314,688,571
13 Bitrue BTC / USDT $0.97550877 0.02% $304,383,048
14 Bybit (Spot) BTC / USDT $0.97461323 0.01% $272,533,450
15 Digifinex ETH / USDT $0.96983433 0.01% $263,507,542
16 XT.COM ETH / USDT $0.96978195 0.01% $248,350,393
17 BitMart ETH / USDT $0.96985004 0.01% $239,326,675
18 MEXC Global BTC / USDT $0.97593996 0.01% $207,715,735
19 CoinTR BTC / USDT $0.97474591 0.01% $203,566,450
20 Pionex ETH / USDT $1.00 0.01% $201,048,493
21 Gate.io BTC / USDT $0.97504442 0.01% $193,927,585
22 Binance XRP / USDT $0.93471225 0.01% $188,104,804
23 LATOKEN ETH / USDT $0.97116475 0.01% $188,085,594
24 Toobit BTC / USDT $1.00 0.01% $176,643,358
25 Bitget BTC / USDT $0.97494492 0.01% $171,949,661
26 WhiteBIT BTC / USDT $0.97547561 0.01% $168,640,648
27 BingX BTC / USDT $0.97464640 0.02% $167,099,735
28 CoinW ETH / USDT $0.97020098 0.02% $165,727,514
29 LATOKEN BTC / USDT $0.97729985 0.01% $160,456,243
30 Coinsbit BTC / USDT $0.97421522 0.18% $156,803,171
31 LBank ETH / USDT $0.97032145 0.01% $154,296,114
32 Binance BUSD / USDT $0.99651946 0.02% $153,255,161
34 Tidex BTC / USDT $0.97540927 0.05% $146,643,199
35 Huobi Global BTC / USDT $0.97461323 0.01% $143,201,377
36 Coinstore BTC / USDT $0.97554194 0.03% $137,714,348
37 Coinbase Exchange USDT / USD $0.99942000 0.01% $131,820,028
38 OKX ETH / USDT $0.97087143 0.01% $130,791,398
39 KuCoin BTC / USDT $0.97504442 0.01% $123,358,631
40 Bitrue ETH / USDT $0.96032758 0.07% $123,150,402
41 LocalTrade BTC / USDT $1.00 0.03% $117,912,835
43 Binance BNB / USDT $1.01 0.04% $116,875,326
44 DIFX BTC / USDT $0.97517709 0.01% $115,189,446
45 Kraken USDT / EUR $0.99922700 0.01% $112,742,097
46 Binance LTC / USDT $0.99672158 0.01% $112,160,539
47 Coinbase Exchange BTC / USDT $0.97597313 0.01% $109,210,195
48 CoinTR ETH / USDT $0.96956196 0.08% $103,319,712
49 Bitget ETH / USDT $0.96969814 0.01% $100,934,533
50 Bybit (Spot) ETH / USDT $0.96971386 0.01% $99,039,895

USDT Price Statistics

$1
24H Range
$1
  • Tether Price Now $1
  • 24h Low / 24h High $1 / $1
  • Trading Volume $46,746,621,756
  • Market Cap Rank #3
  • Market Cap $112,913,131,322
  • Volume / Market Cap 0.4140
  • All-Time High $1 -24.47%
    Jul 24, 2018
  • All-Time Low $1 74.55%
    Mar 02, 2015


Tether (USDT): The Controversial Stablecoin

Tether (USDT) is a type of cryptocurrency known as a stablecoin. Launched in 2014, Tether aims to keep its value stable and pegged to the value of a U.S. dollar. This article provides an overview of Tether, its underlying technology, and its role in the cryptocurrency world.

What is Tether?

Tether (USDT) is a stablecoin that is pegged to the U.S. dollar (USD). It was designed to provide the stability of the USD with the operational capabilities of a cryptocurrency. This means each unit of USDT intends to represent one USD held in reserve by Tether Ltd.

The Role of Tether

Given its stable value relative to other cryptocurrencies, Tether serves as a practical tool for traders looking to mitigate the extreme volatility often seen in the crypto markets. It allows them to effectively store value or 'tether' their assets during times of high volatility.

Controversies Surrounding Tether

Tether has been a subject of controversy and speculation within the cryptocurrency community. The primary concerns revolve around the company's claim that each USDT token is backed by one U.S. dollar. Doubts have been raised over whether Tether Ltd. holds enough reserves to fully back the circulating supply of USDT.

The Blockchain of Tether

USDT operates on several blockchains using the Omni Protocol and ERC-20 standard. These include but are not limited to the Bitcoin, Ethereum, and Tron blockchains. This cross-chain operation enhances the liquidity and versatility of USDT.

Conclusion

Despite the controversies, Tether has remained a dominant stablecoin in the cryptocurrency market due to its wide adoption and integration. It continues to serve as a significant gateway for many users and platforms in the world of cryptocurrencies. As with any investment, it is important to do thorough research and understand the potential risks associated with it.