Decrypt • Feb 15, 23
As BUSD Dies, Tether’s USDT Soaks Up Another $1 Billion
With the fall of a top-three stablecoin, Tether is emerging as a clear winner.
Read more
Tether
USDT
Price
$1.00
3/28/2023, 9:10:02 PM
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Market
Market stats
Market cap
$79.5B
Volume (24h)
$27.7B
Circulating supply
79.5B USDT
Typical hold time
4 days
Popularity
#3
All time high
$1.22
Price change (1h)
+0.01%
Price change (24h)
+0.03%
Price change (7d)
-0.31%
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Tether is on the decline this week.
The price of Tether has fallen by 0.31% in the past 7 days. The price increased by 0.03% in the last 24 hours. In just the past hour, the price grew by 0.01%. The current price is $1.00 per USDT. Tether is 18.00% below the all time high of $1.22.
The current circulating supply is 79,455,957,775.091 USDT.
About
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.
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Comparable market cap
Of all the assets on Coinbase, these 8 are the closest to Tether in market cap.
Social
Some highlights about Tether on social media
Tether was mentioned in 19,672 out of 1,564,586 social media posts on Twitter and Reddit on Mar 18, 2023. This is a 43.78% increase compared to yesterday's volume. Additionally, 2,372 unique individuals are talking about Tether and it is ranked #13 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 3.2 out of 5. Finally, Tether is becoming more newsworthy, with 1 news articles published about Tether. This is a 100% increase in news volume compared to yesterday.
On Twitter, people are mostly neutral about Tether. There were 23.07% of tweets with bullish sentiment compared to 1.97% of tweets with a bearish sentiment about Tether. 74.96% of tweets were neutral about Tether. These sentiments are based on 711 tweets.
On Reddit, Tether was mentioned in 0 Reddit posts and there were 0 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
2,372 people
Posts
19,672 posts
Dominance
1.31%
Volume rank
#13
Average Sentiment
3.2 out of 5
News Articles
1
Tweet Count
711 people
Sentiment
23.07%
Bullish
74.96%
Neutral
1.97%
Bearish
Tether Calculator
How much is 1 USDT?
Conversion Table
USDT/USD (US Dollar)
$1.00
USDT/CAD (Canadian Dollar)
CA$1.36
USDT/JPY (Japanese Yen)
¥130.94
USDT/INR (Indian Rupee)
₹82.23
USDT/EUR (Euro)
€0.92
USDT/NGN (Nigerian Naira)
NGN 461.08
USDT/KRW (South Korean Won)
₩1,297.91
USDT/SGD (Singapore Dollar)
SGD 1.33
View more
Last update: 9:09 PM
Reading List
News
The Block • Feb 13, 23
Tether dominates Brazil as bitcoin, ether fall out of favor
Brazil's federal tax authority, which compiles data from foreign and local exchanges on cryptocurrency usage, said that the value of all transactions for tether jumped 58% last year compared to a year earlier.
Read more
Decrypt • Feb 09, 23
Tether Reports $700M in Profits Despite 'Tumultuous End to 2022': CTO
Despite processing $21 billion in redemptions, stablecoin issuer Tether reported that it still generated $700 million in profits last quarter.
Read more
Blockworks • Jan 30, 23
Growth of Tether Supply ‘Positive’ Indicator for Further Crypto Gains
Analysts say USDT growth resembles similar periods in 2019 and 2020 which coincided with bitcoin bull markets
Read more
Bloomberg • Dec 12, 22
This Is What We Know About How Tether Works
So far, one of the most controversial crypto projects has held its peg just fine
Read more
Blockworks • Nov 09, 22
Tether Dominance Nears All-Time High as Crypto Crashes
Still the number one stablecoin, Tether is on track to make up more of the crypto market than ever before The post Tether Dominance Nears All-Time High as Crypto Crashes appeared first on Blockworks.
Read more
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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 $79.49B. 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 $27.68B.
What other assets are similar to Tether?
Assets that have a similar market cap to Tether include Bitcoin, Ethereum, Ethereum 2, 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 79 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 4 days.
What is the relative popularity of Tether?
Tether ranks 35 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
What is the current trading activity of Tether?
Currently, 80% of Coinbase users are buying Tether. In other words, 80% 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.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.