Tether
USDT Price
How is the price of Tether (USDT) calculated?
The price of Tether (USDT) is calculated in real-time by aggregating the latest data across 296 exchanges and 29322 markets, using a global volume-weighted average formula. Learn more about how crypto prices are calculated on CoinGecko.
Tether Price Chart (USDT)
| 1h | 24h | 7d | 14d | 30d | 1y |
|---|---|---|---|---|---|
| 0.0% | 0.0% | 0.1% | 0.1% | 0.2% | 0.1% |
USDT Converter
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Market Cap
Market Cap = Current Price x Circulating Supply
Refers to the total market value of a cryptocurrency’s circulating supply. It is similar to the stock market’s measurement of multiplying price per share by shares readily available in the market (not held & locked by insiders, governments) Read More |
$119,712,298,126 |
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Market Cap / FDV
The proportion of current market capitalization compares to market capitalization when meeting max supply.
The closer the Mkt Cap/FDV to 1, the closer the current market capitalization to its fully diluted valuation and vice versa. Learn more about Mkt Cap/FDV here. |
1.0 |
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Fully Diluted Valuation
Fully Diluted Valuation (FDV) = Current Price x Total Supply
Fully Diluted Valuation (FDV) is the theoretical market capitalization of a coin if the entirety of its supply is in circulation, based on its current market price. The FDV value is theoretical as increasing the circulating supply of a coin may impact its market price. Also depending on the tokenomics, emission schedule or lock-up period of a coin's supply, it may take a significant time before its entire supply is released into circulation. Learn more about FDV here. |
$119,712,298,126 |
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24 Hour Trading Vol
A measure of a cryptocurrency trading volume across all tracked platforms in the last 24 hours. This is tracked on a rolling 24-hour basis with no open/closing times.
Read More |
$44,987,490,225 |
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Circulating Supply
The amount of coins that are circulating in the market and are tradeable by the public. It is comparable to looking at shares readily available in the market (not held & locked by insiders, governments).
Read More |
119,848,153,356
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Total Supply
The amount of coins that have already been created, minus any coins that have been burned (removed from circulation). It is comparable to outstanding shares in the stock market.
Total Supply = Onchain supply - burned tokens |
119,848,153,356 |
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Max Supply
The maximum number of coins coded to exist in the lifetime of the cryptocurrency. It is comparable to the maximum number of issuable shares in the stock market.
Max Supply = Theoretical maximum as coded |
∞ |
USDT Historical Price
| 24h Range | $0.9973 – $1.00 |
|---|---|
| 7d Range | $0.9963 – $1.00 |
| All-Time High |
$1.32
24.5%
Jul 24, 2018 (about 6 years)
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| All-Time Low |
$0.5725
74.6%
Mar 02, 2015 (over 9 years)
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How do you feel about USDT today?
What is Tether?
Tether is a stablecoin pegged to the US Dollar. A stablecoin is a type of cryptocurrency whose value is pegged to another fiat currency like the US Dollar or to a commodity like Gold.
Tether is the first stablecoin to be created and it is the most popular stablecoin used in the ecosystem. It has the largest stablecoins by circulation and market capitalization.
Who created Tether?
Tether is controlled by Tether Holding Limited or known as Tether Limited. The CEO is JL Van Der Velde, the CFO is Giancarlo Devasini and the general counsel is Suart Hoegner.
Tether was launched by the team running Bitfinex, a major cryptocurrency exchange.
How does Tether work?
Tether was originally based on the Omni Layer, a transport protocol on the Bitcoin blockchain. Therefore, the original version of Tether is characterized by the inherent stability and security of the longest established blockchain network.
To accelerate adoption, in September 2017, Tether was launched on the Ethereum blockchain, as an ERC20 token. Tether’s Ethereum ERC-20 is now the most popular Tether token type.
Tether is available on Ethereum, Tron, EOS,Algorand, and more. You can see the full breakdown on Tether’s Transparency page.
On 20th March 2020, Tether announced that they will also be on the Bitcoin Cash network via the Simple Ledger Protocol.
How does Tether maintain a 1:1 USD peg?
The USDT peg is maintained via a one-to-one collateral ratio. Tether Limited claims that every USDT in circulation is 100% backed by actual fiat in their reserves. Tether published their balances in their Transparency page. Tether Limited acts as a third-party custodian for the fiat currencies backing USDT.
To understand the process of how Tether is controlled by Tether Limited, take a look at the flow of fund process below:
Step 1: User deposits fiat currency into Tether Limited's bank account.
Step 2: Tether Limited generates and credits the user's Tether account. Tether enters into circulation. Amount of fiat currency deposited by the user must be equal to the amount of Tether issued to the user (E.g.: 500 USD deposited = 500 USDT issued)
Step 3: User transacts with USDT. The user can transfer, exchange, and store USDT.
Step 4: The user deposits USDT with Tether Limited for redemption into fiat currency.
Step 5: Tether Limited destroys the Tether and sends fiat currency to the user’s bank account.
Users can also obtain Tether outside of the aforementioned process via an exchange or another individual.
What is the purpose of Tether?
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Stable Currency
Tether converts fiat US Dollar into blockchain stablecoins and expedites the transaction to other cryptocurrencies compared to using regular fiat currencies. -
Wide Acceptance
Tether acts as an alternative for deposit/withdrawal and has become a popular trading pair across major exchanges as it provides ease of use in calculating profit and loss for traders. The wide acceptance of Tether makes it convenient for users to move their USD holdings seamlessly between their wallets and exchanges.
Where can you buy Tether?
USDT tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Tether is Bybit, where the most active trading pair BTC/USDT has a trading volume of $1,216,249,806.33 in the last 24 hours. Other popular options include MEXC and Toobit.
What is the daily trading volume of Tether (USDT)?
The trading volume of Tether (USDT) is $30,814,248,810.59 in the last 24 hours, representing a -27.90% decrease from one day ago and signalling a recent fall in market activity.
What is the all-time high for Tether (USDT)?
The highest price paid for Tether (USDT) is BTC0.005103, which was recorded on Jul 24, 2018 (about 6 years). Comparatively, the current price is -24.50% lower than the all-time high price.
What is the all-time low for Tether (USDT)?
The lowest price paid for Tether (USDT) is BTC0.00001358, which was recorded on Mar 02, 2015 (over 9 years). Comparatively, the current price is 74.60% higher than the all-time low price.
What is the market cap of Tether (USDT)?
Market capitalization of Tether (USDT) is BTC1,940,204.4987 and is ranked #3 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of USDT tokens (120 Billion tokens are tradable on the market today).
What is the fully diluted valuation of Tether (USDT)?
The fully diluted valuation (FDV) of Tether (USDT) is BTC1,940,204.4987. This is a statistical representation of the maximum market cap, assuming total number of 120 Billion ETH tokens are in circulation today.
How does the price performance of Tether compare against its peers?
With a price decline of 0.00% in the last 7 days, Tether (USDT) is underperforming the global cryptocurrency market which is up 1.70%, while underperforming when compared to similar Stablecoins cryptocurrencies which are up 0.10%.
How to add Tether (USDT) to MetaMask?
Adding Tether (USDT) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import USDT as a token. You can copy USDT’s contract address (0xdac17f958d2ee523a2206206994597c13d831ec7) and import it manually, or if you've installed MetaMask's chrome extension, add USDT to MetaMask with one click on CoinGecko.
Add USDT to MetaMask.
Tether Markets
| # | Exchange | Pair | Price | Spread | +2% Depth | -2% Depth | 24h Volume | Volume % | Last Updated | Trust Score | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 |
CEX
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$61,760.92 | 0.01% | $1,458,606 | $1,187,365 | $1,216,288,270 | 3.58% |
Recently
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| 2 |
CEX
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$61,766.26 | 0.01% | $15,468,960 | $21,793,964 | $1,040,782,015 | 3.07% |
Recently
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| 3 |
CEX
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$61,679.08 | 0.01% | $3,632,352 | $3,515,620 | $613,720,689 | 1.81% |
Recently
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| 4 |
CEX
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$61,683.03 | 0.01% | $6,192,090 | $6,310,198 | $556,036,702 | 1.64% |
Recently
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| 5 |
CEX
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$61,738.78 | 0.01% | $531,596 | $588,530 | $594,498,563 | 1.75% |
Recently
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| 6 |
CEX
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$2,431.33 | 0.01% | $12,607,284 | $15,146,094 | $486,202,368 | 1.43% |
Recently
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| 7 |
CEX
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$2,429.91 | 0.01% | $38,306,583 | $63,498,791 | $401,873,200 | 1.19% |
Recently
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| 8 |
CEX
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$2,430.08 | 0.01% | $4,950,498 | $5,157,244 | $400,607,985 | 1.18% |
Recently
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| 9 |
CEX
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$61,706.67 | 0.01% | $3,695,716 | $6,141,935 | $394,284,453 | 1.16% |
Recently
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| 10 |
CEX
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$61,778.18 | 0.01% | $3,466,648 | $3,170,560 | $333,094,792 | 0.98% |
Recently
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