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Tether

USDT

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About Tether

Tether (USDT) is an Ethereum token that is pegged to the value of a U.S. dollar (also known as a stablecoin). Tether’s issuer claims that USDT is backed by bank reserves and loans which match or exceed the value of USDT in circulation. Important note: at this time, Coinbase only supports USDT on the Ethereum blockchain (ERC-20). Do not send USDT on any other blockchain to Coinbase.

Tether USDt, or USDT, is a digital token that was launched in 2014. It is designed to facilitate the use of traditional fiat currencies in a digital way, intending to provide an alternative to the conventional financial system with a digital approach to money. Tether (USDT) is pegged to the value of a U.S. dollar (also known as a stablecoin). Tether's issuer claims that USDT is backed by bank reserves and loans that match or exceed the value of USDT in circulation. This digital dollar is powered by blockchain technology and exists on several blockchains, including Algorand, Avalanche, Ethereum, EOS, and more. Important note: at this time, Coinbase only supports USDT on the Ethereum blockchain (ERC-20). Do not send USDT to Coinbase on any other blockchain.

Tether USDt operates as a digital token built on various blockchains. Each Tether token is backed 100% by Tether's reserves, and the company strives to maintain transparency by publishing a record of its current reserve assets. The value of USDT is intended to be maintained by Tether to remain pegged to the U.S. dollar, with the company allocating the same amount of USD to its reserves whenever it issues new USDT tokens.

Tether USDt offers a variety of potential use cases. Its stability, compared to the high volatility of other cryptocurrencies, might make it attractive for beginners wanting to enter the cryptocurrency world. Additionally, USDT provides a simple way to transact a U.S. dollar equivalent across regions, countries, and even continents via blockchain, eliminating the need for traditional intermediaries like banks or financial service providers.

Tether USDt was launched in 2014 by Brock Pierce, Reeve Collins, and Craig Sellars. Originally known as Realcoin, it was the first blockchain-enabled platform to facilitate the digital use of traditional currencies. Over the years, Tether has made strides, allowing customers to transact with traditional currencies across the blockchain. Despite some controversies, Tether has continued its operations. As of November 2023, there were over 88.8 billion USDT tokens in circulation. Tether has expanded into the Latin American market in 2022 with the launch of MXNT, a new stablecoin backed by the Mexican peso.

Market

Market stats

Market cap

$114.1B

Volume (24h)

$53.2B

Circulating supply

114.1B USDT

Typical hold time

1 day

Popularity

#3

All time high

$1.22

Market performance

Price change (1h)

-0.01%

Price change (1d)

+0.01%

Price change (1w)

-0.02%

Price change (2w)

+0.04%

Price change (1m)

+0.08%

Price change (1y)

-0.01%

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Social

Some highlights about Tether on social media

25,478 unique individuals are talking about Tether and it is ranked #68 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Tether has an average sentiment score of 4 out of 5. Finally, Tether is becoming less newsworthy, with 0 news articles published about Tether. This is a 100% decrease in news volume compared to yesterday.

On Twitter, people are mostly bullish about Tether. There were 74.26% of tweets with bullish sentiment compared to 0.74% of tweets with a bearish sentiment about Tether. 25% of tweets were neutral about Tether. These sentiments are based on 37017 tweets.

On Reddit, Tether was mentioned in 15 Reddit posts and there were 30 comments about Tether. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Overview

Contributors

25,478 people

Posts

18,416 posts

Dominance

0.29%

Volume rank

#68

Average Sentiment

4 out of 5

Twitter

Reddit

Posts

15

Comments

30

Post Score

27

Comment Score

20

Coinbase Bytes

Coinbase Bytes

The week’s biggest crypto news, sent right to your inbox

Tether is on the decline this week.

The price of Tether has decreased by 0.01% in the last hour and increased by 0.01% in the past 24 hours. Tether’s price has also fallen by 0.02% in the past week. The current price is $1.00 per USDT with a 24-hour trading volume of $53.21B. Currently, Tether is valued at 17.71% below its all time high of $1.22. This all-time high was the highest price paid for Tether since its launch.

The current circulating supply of Tether is 114,084,704,813.379 USDT which means that Tether has as total market cap of 114,084,704,813.379.

FAQ

What is the current price of Tether?

We update our Tether to USD currency in real-time. Get the live price of Tether on Coinbase.

What is the market cap of Tether?

The current market cap of Tether is $114.12B. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Tether?

The all-time high of Tether is $1.22. This all-time high is highest price paid for Tether since it was launched.

What is the 24 hour trading volume of Tether?

Over the last 24 hours, the trading volume of Tether is $53.21B.

What other assets are similar to Tether?

Assets that have a similar market cap to Tether include Bitcoin, Ethereum, BNB, and many others. To see a full list, see our comparable market cap assets.

How many Tether are there?

The current circulating supply of Tether is 114 billion.

What is the typical holding time of Tether?

The median time that Coinbase customers hold Tether before selling it or sending it to another account or address is 1 days.

What is the relative popularity of Tether?

Tether ranks 32 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Tether?

Currently, 93% of Coinbase users are buying Tether. In other words, 93% of Coinbase customers have increased their net position in Tether over the past 24 hours through trading.

Can I buy Tether on Coinbase?

Yes, Tether is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Tether guide.