Tether price
Current price
$0.9996
+0.04% 24h
Live Updated just now
Today Tether holds its $1 peg.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour 0.00%
- 24 hours +0.04%
- 7 days +0.07%
- 30 days +0.06%
- 1 year +0.01%
Tether's move in context
Built to stay at $1
Tether has stayed within 2% of one US dollar all week, as a dollar stablecoin is built to, so small moves like +0.04% are normal.
Beating the market today
+0.04% in 24 hours against −0.49% for the market as a whole, a gap of 0.5 points. Small gaps like this are common, so they don't point to anything specific.
- We compare the last 24 hours with this coin's typical day, from 26 recent days (up to four weeks). We only count exchanges we read on both days, so an exchange we've just added doesn't look like extra trading. This describes trading, not where the price goes next.
$9.38M traded in the last 24 hours on the exchanges we read, close to its usual day.
Part of a climb
+0.1% over 7 days and +0.1% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
Where to trade Tether
Prices agree within 0.03% across these 2 exchanges.
- KuCoin Most traded USDT/USDC $8.8M 24h volume Last price $0.9996 0.00% vs our price
- Bitget USDT/USD $586.04K 24h volume Last price $0.9993 −0.03% vs our price
Each exchange's last price against our price above. Listed for convenience, not as advice: check that an exchange is allowed where you live.
About Tether
Tether: A Cornerstone of the Cryptocurrency Market
Tether (USDT) stands out in the cryptocurrency landscape as a prominent stablecoin, designed to mirror the value of traditional fiat currencies, primarily the US dollar. This unique feature positions Tether as a vital tool for traders and investors, offering a reliable means to navigate the often volatile world of cryptocurrencies.
Essential Features of Tether
1. Stability Through Fiat Pegging
Tether maintains a stable value by pegging its tokens to the US dollar on a one-to-one basis. This ensures that for every Tether in circulation, there is an equivalent dollar held in reserves, providing users with a sense of security amidst the fluctuations of the crypto market.
2. A Key Trading Instrument
Tether is widely used across various cryptocurrency exchanges, serving as a critical trading pair for countless cryptocurrencies. This accessibility allows traders to swiftly convert between digital assets and USDT, enhancing liquidity and facilitating smoother transactions.
3. Transparency and Trust
Despite facing scrutiny regarding its reserve practices, Tether has made strides towards greater transparency. The company provides periodic reports to validate its reserves, aiming to instill confidence among its users regarding the backing of each USDT token.
4. Multi-Blockchain Functionality
Tether operates on several blockchain platforms, including Bitcoin, Ethereum, and Tron, allowing it to tap into different ecosystems. This multi-chain approach not only increases Tether's usability but also makes it a versatile option for users across various platforms.
5. Privacy Features
Transactions made with Tether do not require personal identification, allowing users to maintain a degree of privacy. However, these transactions are recorded on public blockchains, offering a level of transparency while also protecting user identities.
6. Navigating Regulatory Waters
As the popularity of stablecoins grows, Tether has come under increased regulatory scrutiny. Authorities are closely monitoring its operations, focusing on the implications for the broader financial system and the necessity for compliance with evolving regulations.
Tether's Impact on the Digital Currency Landscape
Enhancing Cryptocurrency Adoption
Tether plays a crucial role in promoting cryptocurrency adoption by providing a stable asset for investors. It allows users to enter the crypto market with reduced risk, serving as a bridge between traditional finance and digital assets.
Future Challenges and Opportunities
While Tether remains a dominant player in the stablecoin market, it faces challenges such as maintaining transparency, regulatory compliance, and competition from emerging stablecoins like USD Coin (USDC) and DAI. Addressing these challenges will be key to its future success and relevance in the evolving digital currency ecosystem.
Tether market
- Position by market cap among the coins we track whose circulating supply is checked.
- #3
- Position by market cap among the coins we track whose circulating supply is checked.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $175.33B
- Price × coins in circulation. It measures a coin's size, not its quality.
- Dollars traded in the last 24 hours on the exchanges we read, in pairs against the dollar or a dollar stablecoin such as USDT. Sites that count more exchanges and pairs show higher figures.
- $9.38M
- on the exchanges we read
- Dollars traded in the last 24 hours on the exchanges we read, in pairs against the dollar or a dollar stablecoin such as USDT. Sites that count more exchanges and pairs show higher figures.
- The lowest and highest price we recorded in the last 24 hours. The dot marks the current price.
- Low $0.9991 High $0.9996
- The lowest and highest price we recorded in the last 24 hours. The dot marks the current price.
- The highest price in our records for this coin. The bar shows the current price as a share of it.
- $1.32
- Now 76% of it Reached 24 Jul 2018 · Needs +32% to get back
- The highest price in our records for this coin. The bar shows the current price as a share of it.
- Coins that exist now and can be traded.
- 175.4B USDT
- Coins that exist now and can be traded.
- Every coin created so far, minus any destroyed, including coins that are locked up.
- 183.67B USDT
- Every coin created so far, minus any destroyed, including coins that are locked up.
- The most coins that can ever exist. Some coins have no limit.
- No limit listed
- The most coins that can ever exist. Some coins have no limit.
Tether converter
1 Tether = $0.9996
