Tether USDT
Rank #3 by market cap
Price $0.9996 -0.01% 24h
Market cap$183.36B$188.83B fully diluted
24h volume$42.06B22.9% of cap
All-time high$1.32-24.45% from ATH
Last 7 days 0.00%
What Tether is
The largest stablecoin, issued by Tether Limited, redeemable one-for-one with dollars for verified institutional clients.
How it works
Centralised and backed by reserves that are mostly US Treasuries. Attestations are published quarterly; a full audit has never been completed.
What it is used for
The default quote currency on almost every exchange. Counterparty risk sits with the issuer, not with any blockchain.
Supply and market data
| Circulating supply | 183,430,992,298 USDT |
| Total supply | 188,897,938,202 USDT |
| Maximum supply | No hard cap |
| All-time high | $1.32 on 2018-07-23 |
| All-time low | $0.5725 on 2015-03-01 |
| 24h range | $0.9995 – $0.9998 |
Tools for USDT
Funding rates
See whether leveraged traders are paying to be long USDT.
Liquidation calculatorWhere a leveraged USDT position gets closed.
DCA backtestWhat buying USDT on a schedule would have returned.
Market data is informational and can be delayed. This page describes how Tether works; it is
not a recommendation to buy or sell it.