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Coins: 3577
Exchanges: 259
Dominance:
BTC 54.5%
XRP 11.1%
ETH 8.49%
USDT
USD

Tether (USDT)

1h
24h
7d
14d
30d
1y
0.10%
0.030%
0.35%
0.55%
-0.16%
-2.0%

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Tether Volume by Exchange

# Exchange Pair Price 24h Volume Volume %
1
ZB
Trading Incentives
Updated less than a minute ago
$1.00
6.9176 QC
$38,022,408.61
37944049.673 USDT
10.01%
2
Max Maicoin
Trading Incentives
Updated 7 minutes ago
$0.98
30.36 TWDT
$21,942,383.55
22415091.370 USDT
5.91%
3
Updated 14 minutes ago
$1.00
0.9997 HUSD
$10,564,646.25
10537337.008 USDT
2.78%
4
Updated 12 minutes ago
$1.00
0.9985 TUSD
$9,306,988.17
9326590.000 USDT
2.46%
5
Updated 11 minutes ago
$1.00
0.01098999 ETH
$3,665,120.45
3666329.654 USDT
0.97%
6
BW
Trading Incentives
Updated about 1 hour ago
$1.00
6.9191 QC
$3,077,343.16
3074791.148 USDT
0.81%
7
Updated 11 minutes ago
$1.02
5.36036 TRY
$2,206,607.17
2173361.680 USDT
0.57%
8
Updated 9 minutes ago
$0.99
0.9943 USD
$1,149,761.38
1156352.594 USDT
0.31%
9
Updated 10 minutes ago
$1.00
6.9213 LBCN
$906,457.85
908763.733 USDT
0.24%
10
Updated 11 minutes ago
$1.02
1.024 USD
$700,096.26
683687.750 USDT
0.18%
11
Updated 9 minutes ago
$0.99
0.992 USD
$543,443.44
547826.053 USDT
0.14%
12
Updated 10 minutes ago
$1.00
0.99401902 USDC
$193,426.22
193805.579 USDT
0.05%
Quick Stats
Tether Price $1.00
Market Cap $2,049,192,080
Market Cap Dominance 1.83%
Trading Volume $92,940,543
24h Low / 24h High $0.99 / $1.01
Gecko Rank #231
Market Cap Rank #5
All-Time High $1.32
Since All-Time High -25%
All-Time High Date Jul 24, 2018 (5 months)
1 Hour 0.030%
24 Hours -0.010%
7 Days 0.27%
14 Days 0.47%
30 Days -0.23%
60 Days 0.070%
1 Year -2.0%
Tether/Bitcoin Ratio 1 BTC = 3497.07 USDT
Misc. Info
Genesis Date -
Hashing Algorithm -
Hashrate N/A
Block Time minutes
Available/Total Supply 2.06 Billion / 3.08 Billion How is this calculated?
Complete Metrics Score
39%
Total
Major Exchanges Trading Activity
74%
Liquidity
Source Code Repository Activity
0%
Developer
Social Media & Discussion Board
15%
Community

About Tether

Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S. dollar. The idea was to create a stable cryptocurrency that can be used like digital dollars. Coins that serve this purpose of being a stable dollar substitute are called “stable coins.” Tether is the most popular stable coin and even acts as a dollar replacement on many popular exchanges! According to their site, Tether converts cash into digital currency, to anchor or “tether” the value of the coin to the price of national currencies like the US dollar, the Euro, and the Yen. Like other cryptos it uses blockchain. Unlike other cryptos, it is [according to the official Tether site] “100% backed by USD” (USD is held in reserve). The primary use of Tether is that it offers some stability to the otherwise volatile crypto space and offers liquidity to exchanges who can’t deal in dollars and with banks (for example to the sometimes controversial but leading exchange Bitfinex).

The digital coins are issued by a company called Tether Limited that is governed by the laws of the British Virgin Islands, according to the legal part of its website. It is incorporated in Hong Kong. It has emerged that Jan Ludovicus van der Velde is the CEO of cryptocurrency exchange Bitfinex, which has been accused of being involved in the price manipulation of bitcoin, as well as tether. Many people trading on exchanges, including Bitfinex, will use tether to buy other cryptocurrencies like bitcoin. Tether Limited argues that using this method to buy virtual currencies allows users to move fiat in and out of an exchange more quickly and cheaply. Also, exchanges typically have rocky relationships with banks, and using Tether is a way to circumvent that.

USDT is fairly simple to use. Once on exchanges like Poloniex or Bittrex, it can be used to purchase Bitcoin and other cryptocurrencies. It can be easily transferred from an exchange to any Omni Layer enabled wallet. Tether has no transaction fees, although external wallets and exchanges may charge one. In order to convert USDT to USD and vise versa through the Tether.to Platform, users must pay a small fee. Buying and selling Tether for Bitcoin can be done through a variety of exchanges like the ones mentioned previously or through the Tether.to platform, which also allows the conversion between USD to and from your bank account.