Tether price

in USD
$1.000
-$0.00016 (-0.02%)
USD
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Market cap
$174.31B
Circulating supply
174.19B / 174.19B
All-time high
$1.012
24h volume
$53.29B
4.1 / 5
USDTUSDT
USDUSD

About Tether

USDT, also known as Tether, is one of the most widely used stablecoins in the cryptocurrency market. Its primary purpose is to maintain a stable value by being pegged 1:1 to traditional fiat currencies, typically the US Dollar. This means 1 USDT is designed to equal 1 USD, making it a reliable tool for traders and investors who want to avoid the volatility of other cryptocurrencies. USDT plays a crucial role in enabling seamless transactions on exchanges, providing liquidity, and offering a stable store of value for cross-border payments or temporary holdings. Its simplicity and stability make it an essential asset for both novice and experienced crypto users looking for a dependable digital dollar equivalent.
AI insights
CertiK
Last audit: Apr 1, 2019, (UTC+8)

Tether’s price performance

Past year
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--
3 months
-0.01%
$1.00
30 days
+0.01%
$1.00
7 days
-0.03%
$1.00

Tether on socials

hdf
hdf
It is accelerating quite rapidly. @USDT0_to live on multiple chains with billions in TVL on Aave. Already used on new onchain exchanges. Playing out.
hdf
hdf
USDT(0) quickly going up in ranks as the DeFi native stablecoin. USDC has been canonical for so long but you can feel the shift. DEXes (HyperLiquid) and L1s (plasma/stable) and more…
Bách Khoa
Bách Khoa
🍀 Crypto Space over the last 5 years – How can we survive and seek for opportunities ? Back in early 2020, the entire market had just under 10,000 crypto projects. It can be said that the period of 2020-2021 was the best time for Crypto investors. The market was healthy, the number of listed projects was very small, Backers were active and serious in finding quality projects to join. As a market researcher and writer, at that time I could cover all the projects that had launched, were about to launch or had just raised capital, from Docs to their activities with the community and development roadmaps associated with many great missions. And up to now, the entire market has had more than 30 million Crypto projects. A very massive number in the past 5 years. I don't think I can learn about all the projects, absolutely impossible. There was a time when I was caught up in the whirlwind of new projects, as well as projects on Decentralized Exchanges. Until now, after experiencing and witnessing many opportunities and mistakes of those participating in Crypto, this article will provide the most general view so that everyone can find your own Investment Thesis. 1. Why do we see such a huge number of projects launched? I can answer this question, based on 2 main factors, 2 reasons that have made the crypto market very fragmented. • Launching tokens is not regulated by any authority The issuance of tokens too easily has caused chaos in the market, led by platforms like Pumpfun. I myself am also an investor who has bought meme tokens, but I will argue if you think that meme is a part of Crypto and Blockchain. Meme is only similar in form to Crypto and Blockchain, but the purpose has been completely deviated. I am not talking about iconic memes with established communities like $DOGE or $SHIB. • Social media and tweets from KOLs make the community FOMO We cannot stop the community's FOMO in front of multiple gain opportunities. However, Researchers and KOLs have taken things too far. Advertising projects with extremely low liquidity and market cap with "promising theses" has exhausted and fragmented the market's cash flow. 2. Current Crypto narratives only last a few weeks, even a few days. Why? Back in 2020-2021, investors often followed and held a very long narrative, up to several months. Newcomers to the market may not know “Play-to-earn”, but it was a huge narrative in the summer of 2021. We had a few brilliant months, led by $AXS, along with many other quality projects, with a huge price increase. So why is the trend shorter now than before? Except for #AI and #RWA which are fueled by traditional finance from #NVIDIA and #Blackrock, the remaining trends are very short. There are 2 reasons for this problem: • A large number of projects: as mentioned in point 1, if there is a project in the trend 2x in 1 day. But, which project will you choose to buy, among thousands of projects? • The role of Market Maker (MM) is larger than the old cycle: admit that, a project in a 2x trend in 1 day, mostly comes from the MM of that project, not from the objective motivation of that narrative to pull the entire ecosystem up. It is simply the game of a top gain project, not the real strong growth of a narrative. 3. How can we survive and seek for opportunities? • We need to redefine our investment mindset to have a reasonable plan - The Crypto market is cyclical, although the current cyclical nature is no longer effective to base on, but it is still true, at least with $BTC. If you are not a good trader or a technical analyst, you should choose the right time to invest and only focus on $BTC and a few projects in the top market cap. Now it's 2025, similar to 2021, whether or not there is another growth pulse of the market, the market will enter a downtrend cycle. This is not the time to invest large capital in the market anymore. - When the whole market goes into a downtrend, when everything is no longer too hype, that's when we need to act. $BTC $ETH and $LINK will be 3 safe and profitable choices for you in the next cycle. I recommend you pay attention to projects that have launched #ETF if you have to choose, because in fact, the cash flow running in #ETF fund and running in the Crypto market are different, and only #ETF can attract real cash flow from fertile markets like the United States. Even if the market launches many more projects, we will still have to talk about Top market projects, because that is the core, what has shaped the market, what Blockchain needs, and will increase in price. • Reasonable capital allocation along with DCA plan for each project in the Portfolio - Reasonable capital allocation is always correct, applicable to all markets and types of financial investment. We cannot know in advance which project will gain or lose, or even be delisted, so we have to allocate investment capital. My familiar investment allocation method is always 80-20. 80% using for tokens, 20% remaining for stablecoins. If you do not have a certain amount of stablecoins in your wallet, you will always be in a state of anxiety when the market drops, leading to panic, and the cycle of panic sell panic buy keeps repeating. - DCA is a classic method, and I recommend everyone to seriously apply it. You cannot all-in at a specific price and think that is the bottom of the market. That is what you think, but the market has never gone in the direction you want, that is why we have to DCA to avoid pressure when holding assets. Many people underestimate and ignore DCA, but believe me, the more profitable your investment is, the more you must have a reasonable DCA plan. • What should we do when holding tokens? - There is a way to reduce your distraction, avoid selling this project and buying another project arbitrarily, that is, focus on other money-making niches in the Crypto market. I find that SocialFi with Kaito is currently an effective solution, both financially and helping you discover more quality projects. In addition, #SoSoValue and some other projects also have very good programs for articles. Do serious researches and share your thoughts, you will be welcomed, along with a stable economy to overcome the harsh days of holding Tokens - If you want to FOMO a certain narrative that is hyping, note that you should only spend a maximum of 5% of your total assets. Not controlling your emotions and not having discipline is what will get you off the track the fastest. • Don't be pressured by top market and large capitalization projects -  There is a truth about investor psychology, based on greed and lack of understanding of the market. Everyone thinks that top market projects is not attractive to increase as low cap projects. But everyone’s wrong. Let’s see projects in top 10 Coinmarketcap, except USDT and USDC, they’re all have the average of 5x on return when you bought in 2023. Isn't this price increase, isn't this profit? - Back to Point 3, the first thesis. The most important thing to consider about is buying timing. Buy when no one is talking about market, when no one is excited about it, and based on 4-year cycle with detailed plan for DCA and allocation, you will be relax on investment journey. This is all I have learned after many years of investing, researching, collaborating with many projects as well as running a small crypto organization. Simple but not everyone can understand and execute it. I hope everyone can find my article helpful. #Tokenbar #SoSoScholar More in
SoSoValue
SoSoValue
🚨 SoSoScholar2025 — Awards Structure Announcement We’re halfway through the 3rd SoSoScholar competition and blown away by the quality so far. To reward both short-term excellence and long-term collaboration, we’ve launched a dual awards system. Read on Tokenbar for more details👇
无颜
无颜
Brothers, go participate in mining, grab the money, damn!!! HyperEVM ecosystem Project X @prjx_hl is a decentralized exchange based on HyperEVM, form LPs to earn points and APR returns, annualized 800% You can use Debridge @debridge to cross-chain to HyperEVM
无颜
无颜
To be honest, my original intention was to make a quick profit, but with the invitation, I also want to bring in some people to earn more points. I won't go into how popular the HyperEVM ecosystem is, but Project X @prjx_hl is a decentralized exchange based on HyperEVM, founded by Lamboland @Lamboland_. Currently, you can form LPs to earn points. I personally set up 10 accounts, each with $1,000! You can use Debridge @debridge to cross-chain to HyperEVM.

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Tether FAQ

Stablecoins are cryptocurrencies designed to have a fixed price by having their value pegged to some cryptocurrency, commodity, fiat currency, or financial instrument or by utilizing an arbitrage system.

USDT is a stablecoin pegged to the value of the US dollar. It was launched in 2014 to facilitate the transfer of fiat currencies on the blockchain. USDT is also the largest stablecoin after USD Coin (USDC). Tether is issued by Tether Limited, a company based in Hong Kong, and operates on blockchain networks, including Bitcoin, Ethereum, and Tron. Each USDT token represents one US dollar held in reserve by Tether Limited.

USDT provides a stable and secure way to store and transfer value on the blockchain. As a stablecoin, its value is pegged to the US Dollar, which makes it less volatile than other cryptocurrencies. This stability makes it a popular choice for traders who want to minimize their exposure to cryptocurrency market fluctuations.

Another good reason to buy Tether is its wide acceptance among cryptocurrency exchanges, which makes it a convenient way to move funds between different trading platforms. However, like most digital assets, cryptocurrency is deemed high-risk and prone to sharp price changes and volatility. Therefore, always DYOR before making any financial decisions.

Easily buy USDT tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include USDT/USDC, BTC/USDT, ETH/USDT, and OKB/USDT.

You can also buy USDT with over 99 fiat currencies by selecting the "Express buy" option. Other popular crypto tokens, such as Bitcoin (BTC), Ethereum (ETH), and USD Coin (USDC), are also available.

Alternatively, you can swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for USDT with zero fees and no price slippage by using OKX Convert.

To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into USDT, visit the OKX Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.

Another option to buy USDT tokens is through the OKX P2P Trading marketplace. P2P trading allows users to buy and sell cryptocurrencies directly from other users without needing a middleman.

With OKX, you can easily use USDT to buy other crypto assets, including Bitcoin (BTC), Algorand (ALGO), XRP (XRP), and Bitcoin Cash (BCH), using OKX Convert. OKX Convert allows users to convert top crypto and stablecoins like USDT with zero fees and no slippage.

The OKX Crypto Converter Calculator provides a simple way for users to convert various fiat currencies, such as US Dollars (USD), Euro (EUR), and British Pound (GBP), to USDT and other cryptocurrencies.


With this tool, users can convert their fiat currency into any cryptocurrency they desire while providing up-to-date exchange rates. This information can help make an informed decision before proceeding with an exchange.

On OKX DeFi, there are several options for earning interest on USDT. Users can earn interest by staking USDT, providing liquidity to lending pools, or participating in decentralized exchanges.


To stake USDT, users can visit the Flash Deals section of OKX Earn and choose from the available staking plans that offer high-interest rates. These Flash Deals typically have a limited term of up to 7 days and are provided irregularly.


As they are available on a first-come, first-served basis, users should check the page frequently to subscribe to exciting deals before they run out.

Being a stablecoin, Tether's price is designed to be fixed at $1 and is, thus, unlikely to see any significant increase or decrease. However, the all-time high price of USDT reached $1.21 in 2017.


Likewise, USDT's price has fallen below $1 a few times. The all-time low was $0.572521, recorded on Mar 02, 2015. This usually occurs during high levels of uncertainty and fear in the markets. But, USDT has managed to regain momentum. Its stability and liquidity have made it a popular choice for traders.


Additionally, USDT's price is unlikely to stray far from $1 because as long there is positive market sentiment, the tokens can be redeemed for an equivalent amount of US dollars.

USDT is generally safe to buy and hold if you use reliable exchanges and follow basic security practices. For example, Tether Limited has a strong reputation in the cryptocurrency industry and has been audited by reputable accounting firms.


However, it's worth noting that stablecoins like USDT are not immune to risks like hacks or regulatory changes. Therefore, as with any cryptocurrency, it's essential to store your USDT in a secure wallet and to only buy from reputable sources.

USDT maintains its peg to the US dollar by holding an equivalent amount of US dollars in reserve. This means that for every USDT token issued, Tether Limited has a corresponding US dollar in reserve.


Furthermore, the company regularly publishes reports that provide transparency into its reserves and other financial information. Additionally, Tether Limited has stated that it has several mechanisms to maintain the peg, including issuing and redeeming USDT tokens based on market demand.

Currently, one Tether is worth $1.000. For answers and insight into Tether's price action, you're in the right place. Explore the latest Tether charts and trade responsibly with OKX.
Cryptocurrencies, such as Tether, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Tether have been created as well.
Check out our Tether price prediction page to forecast future prices and determine your price targets.

Dive deeper into Tether

Tether (USDT) is the world's first and most widely used stablecoin and the third-largest cryptocurrency by market cap. USDT is an Ethereum-based, asset-backed, stablecoin pegged to the US dollar. Hence, Tether's value is meant to remain consistently close to 1 USD.

Initially called Realcoin, Tether was launched in 2014 by Reeve Collins, Craig Sellars, and Brock Pierce. USDT tokens are issued by Tether Limited, a company controlled by Bitfinex, and can theoretically be redeemed at any time for an equivalent amount.

How does Tether work

Tether was initially built on top of the Bitcoin blockchain, but its network has now been expanded to run on over ten different blockchain protocols, including Ethereum (ETH), Tron (TRX), and Solana (SOL). Tether was also launched on the Omni layer, a platform for creating and trading assets on the Bitcoin network.

USDT can be minted or destroyed by its issuing company Tether Limited, and more importantly, be quickly and cheaply transferred to individuals over any supporting blockchain network. Whenever new USDT tokens are issued, Tether is meant to allocate the corresponding USD amount to its reserves, in order to ensure that USDT remains fully backed by cash and cash equivalents.

What is Tether used for?

USDT has become popular for trading across major exchanges due to its ease of use and wide acceptance. In most cases, users can also conveniently move their holdings between their Web3 wallets and exchanges.

Tether can also be used to gain some level of exposure to the US dollar. Tether Limited publishes a daily report on the value of its reserves and has quarterly assurance opinions issued by external accountants.

USDT developments

In an updated statement, Tether revealed that USDT tokens are no longer backed entirely by US dollar deposits. Instead, Tether is allegedly backed by reserves, including traditional currency, cash equivalents, short-term deposits, commercial papers, US treasury bills, corporate bonds, secured loans, precious metals, corporate funds, and more.

In January 2021, Tether Limited minted a record 2 billion USDT tokens in a single week. This came during tremendous growth in the crypto markets. The growing interest in USDT was due to several reasons, including an increasing lack of trust in the traditional financial system and rising institutional interest in cryptocurrencies.

In November 2021, USDT launched on the Avalanche platform. Avalanche, launched in 2020, is one of the blockchain industry's fastest and cheapest-to-use smart contracts platforms. The Avalanche-native USDT was first supported by Bitfinex and was said to offer cheaper and quicker USDT transactions.

In April 2022, USDT support was added for the blockchain network Kusama making Kusama the tenth network to support the asset-backed stablecoin. This represented a milestone for Kusama and an especially significant one for USDT. Kusama is a decentralized network of specialized, parallel blockchains closely related to the much more extensive Polkadot network and is often referred to as Polkadot's Canary network.

In May 2022, USDT was launched on the Polygon network. Polygon is an Ethereum scaling solution, also known as a sidechain or Layer-2 network, known for charging significantly lower transaction fees and being faster than its main network, Ethereum. At the time, Polygon had processed over $1.6 billion in transactions, had over $5 billion in locked value, and had more than 19,000 decentralized apps (DApps) running on it. Polygon is the 11th blockchain network that USDT was launched on.

Tether's expansion continued during 2023 with key partnerships such as that with Argentinian crypto payments provider KriptonMarket. The partnership supports USDT transactions at the Central Market of Buenos Aires, allowing customers to pay for goods using USDT. The collaboration also allows vendors to pay a portion of their employees' salaries in the stablecoin.

On August 12, 2024, USDT reached a new record market cap of $115 billion, on its way to capturing a 70% share of the total stablecoin market. The milestone followed noteworthy growth for the leading stablecoin, with USDT increasing its market cap by more than 40% between September 2023 and August 2024.

In the same month, Tether announced the expansion of USDT to the Aptos blockchain in a move that aimed to improve accessibility to digital currencies globally. The integration of USDT with Aptos brought lower gas fees and high performance to users of the chain, opening the door to wider adoption.

USDT price and tokenomics

Tether Limited controls the minting and burning of USDT tokens. IN theory, when there is demand for USDT, Tether mints new tokens and when USDT is sold, the corresponding number of tokens is burned.

There are about 116.99 billion USDT in circulation as of mid-2024, and USDT has a current total supply of 118 billion. Some USDT tokens are held in reserve by Tether Limited, explaining the gap between the number of tokens in circulation and the number in existence.

USDT has no supply cap, so any number of USDT tokens could potentially be created by Tether Limited, if there is sufficient collateral to back them. Minting new tokens doesn’t erode the value of existing tokens. Likewise, burning USDT tokens doesn’t increase token value.

About the founders

Tether was founded in 2014 by a group of early crypto adopters and Bitcoin enthusiasts passionate about digitizing fiat currencies. Its origins lie in the Mastercoin protocol, based on the Bitcoin blockchain.

Brock Pierce was one of the original members of the Mastercoin Foundation who helped develop and promote Mastercoin. Pierce, Craig Sellars, and Reeve Collins co-founded Tether in 2014, with Mastercoin protocol as its technological foundation.

Tether's precursor, "Realcoin," was announced in July 2014, and the first tokens were issued in October 2014. The project was renamed Tether in November of that year, alongside an announcement of entering the private beta phase, with three currencies: USTether (for USD), EuroTether (for EUR), and YenTether (for JPY).

Brock Pierce is a widely known entrepreneur and co-founder of multiple high-profile entertainment and crypto projects, including Blockchain Capital and Block.one, the company that created the EOS blockchain. He also served as Director of a non-profit organization called Bitcoin Foundation, created to improve and promote Bitcoin.

Reeve Collins is also a serial entrepreneur who had already co-founded successful companies like Traffic Marketplace, RedLever, and Pala Interactive. On the other hand, Craig Sellars has been an active member of the Omni Foundation and associated with multiple organizations, including Bitfinex, Synereo, MaidSafe Foundation, and Factom.

Disclaimer

The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.

OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Market cap
$174.31B
Circulating supply
174.19B / 174.19B
All-time high
$1.012
24h volume
$53.29B
4.1 / 5
USDTUSDT
USDUSD
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