Tether (USDT) Price Today
Tether (USDT) is the world’s largest USD-pegged stablecoin and one of the most widely used digital assets in the cryptocurrency market. USDT is designed to maintain a value close to one United States dollar, giving cryptocurrency users a blockchain-based representation of USD for trading, payments, transfers and digital-asset settlement.
The Tether price is approximately $1.00, although the market price can move slightly above or below the dollar peg. CoinMarketCap’s current market data shows USDT trading around $0.9998, with a market capitalization of approximately $183.33 billion and 24-hour trading volume of about $72.39 billion.
Tether Price Chart
The CoinMarketCap Crypto Ticker Widget provides the live USDT price, market capitalization and interactive price chart.
Users can view Tether’s market movement across different time periods, including short-term and long-term views. Since USDT is a stablecoin, the chart is particularly useful for observing how closely its market price tracks the US dollar.
Available chart periods can include:
- 1 Hour
- 24 Hours
- 7 Days
- 30 Days
- 1 Year
- All Time
USDT may trade slightly above or below $1 because its market price is determined by supply and demand on exchanges. Those movements are generally much smaller than the price swings seen in cryptocurrencies such as Bitcoin or Ethereum.
Tether (USDT) Market Statistics
| Metric | Current Data |
|---|---|
| Tether Price | Approximately $0.9998 |
| Market Rank | #3 |
| Market Capitalization | Approximately $183.33 billion |
| 24-Hour Trading Volume | Approximately $72.39 billion |
| Circulating Supply | Approximately 183.36 billion USDT |
| Total Supply | Approximately 189.34 billion USDT |
| Maximum Supply | No fixed maximum supply |
| Fully Diluted Valuation | Approximately $189.31 billion |
| 24-Hour Low | Approximately $0.9996 |
| 24-Hour High | Approximately $1.00 |
| Price Target | Approximately $1.00 |
The figures above are market-data snapshots and can change throughout the day. CoinMarketCap’s live widget should remain the primary display for continuously changing figures.
What Is Tether (USDT)?
Tether is a blockchain-based digital asset designed to represent the value of the U.S. dollar. USDT is commonly classified as a fiat-backed stablecoin because Tether states that its tokens are backed by reserves.
Unlike Bitcoin or Ethereum, which can experience substantial daily price fluctuations, USDT is designed to remain close to $1. This stability makes the token useful for moving dollar-denominated value within cryptocurrency markets.
Tether was launched in 2014 and originally operated under the name Realcoin before becoming Tether. The project was created by Brock Pierce, Reeve Collins and Craig Sellars.
How Does Tether Work?
Tether issues USDT tokens on multiple blockchain networks. These tokens can be transferred between compatible blockchain addresses, allowing users to move dollar-denominated value without relying exclusively on traditional banking infrastructure.
Tether states that its tokens are backed by reserves that include traditional currency, cash equivalents and other assets. The company’s official documentation explains that Tether tokens exist across several blockchain protocols and are intended to be interchangeable on a one-token basis across supported networks.
The supply of USDT is not permanently fixed. Tether can issue additional tokens when demand and issuance conditions support new creation, while redeemed tokens can be removed from circulation.
Why Is Tether Pegged to the U.S. Dollar?
USDT is designed to track the value of one U.S. dollar.
The objective is simple: 1 USDT ≈ $1 USD.
The market price does not remain at exactly $1 every second because USDT trades freely on cryptocurrency exchanges. Temporary differences can occur because of market demand, liquidity, trading conditions and regional market conditions.
For example, CoinGecko currently records USDT around $1.00, while its historical data shows that the token has traded both above and below its intended dollar value over its history.
What Is USDT Used For?
Tether has become an important part of the global cryptocurrency market. Its primary uses include:
Cryptocurrency Trading
USDT is one of the most commonly used quote currencies on cryptocurrency exchanges.
A trader can sell Bitcoin into USDT without immediately converting the proceeds into a traditional bank currency. The same mechanism can be used with Ethereum, Solana and many other digital assets.
Moving Dollar-Denominated Value
USDT allows users to transfer a digital asset designed to represent USD across supported blockchain networks.
This can be useful when traditional international transfers are slower, more expensive or less accessible.
DeFi
USDT is used across decentralized finance applications, depending on the blockchain and protocol involved.
Users may encounter USDT in decentralized exchanges, lending markets, liquidity pools and other blockchain-based financial applications.
Payments
Businesses and individuals can use supported USDT networks for blockchain-based payments.
Transaction speed and cost depend on the blockchain used for the transfer.
Remittances
USDT can also be used to transfer dollar-denominated value between countries. The practical cost and availability depend on the blockchain, exchange, wallet and local financial infrastructure.
Tether Supported Blockchains
USDT is available across multiple blockchain networks.
Tether’s current supported-protocol documentation includes networks such as:
- Ethereum
- Tron
- Solana
- Avalanche
- BNB Smart Chain
- Celo
- Kaia
- Cosmos via Kava
- Liquid
- Polkadot AssetHub
- Tezos
- Near
- TON
- Aptos
Tether also states that some legacy networks, including Omni, Bitcoin Cash SLP, EOS and Algorand, are no longer supported for new issuance or redemption.
USDT on Ethereum
USDT can exist as an ERC-20 token on Ethereum.
Ethereum-based USDT is widely supported by exchanges, wallets and decentralized applications.
USDT on Tron
USDT also operates as a TRC-20 token on the Tron blockchain.
TRC-20 USDT has become particularly important for cryptocurrency transfers because of the broad use of Tron for stablecoin transactions.
USDT on Solana
Tether supports USDT on Solana, allowing the token to be used within the Solana ecosystem.
USDT on Other Networks
Additional blockchain networks can support USDT under Tether’s current protocol framework. Users must always select the correct network when depositing or withdrawing USDT.
USDT Network Warning
USDT is not a single blockchain coin.
The same USDT-denominated asset can exist on different networks, such as Ethereum, Tron and Solana. Sending USDT through an unsupported network can result in funds becoming inaccessible.
Before making a withdrawal, users should confirm:
- The receiving wallet supports USDT.
- The selected blockchain is supported.
- The deposit network matches the withdrawal network.
- The address is correct.
- Any required memo or tag has been entered.
Tether Supply
USDT does not have a fixed maximum supply.
The supply changes according to issuance, redemption and other treasury operations. Tether explains that redeemed USDT can be held outside circulation, while tokens can also be destroyed when they are no longer required.
As of August 27, 2026, CoinMarketCap lists approximately 183.36 billion USDT in circulation and approximately 189.34 billion USDT in total supply.
A growing USDT supply does not mean that each token should become more valuable. Instead, it generally reflects greater demand for the dollar-denominated stablecoin and changes in the amount of USDT circulating in the market.
Tether Market Capitalization
Tether’s market capitalization is calculated using the circulating supply and market price.
Market Cap = USDT Price × Circulating Supply
With approximately 183.36 billion USDT circulating and a price close to $1, the market capitalization is approximately $183.33 billion.
Because USDT is designed to maintain a value near $1, changes in market capitalization are influenced heavily by changes in circulating supply.
Tether Trading Volume
USDT consistently records very high trading activity across cryptocurrency markets.
CoinMarketCap currently reports approximately $72.39 billion in 24-hour trading volume for Tether.
High USDT volume reflects its role as a settlement and quote asset across crypto markets. A large number of trading pairs use USDT as the asset against which cryptocurrencies are priced.
Tether Price Performance
Tether’s historical price performance is different from that of traditional cryptocurrencies.
The objective of USDT is to remain close to $1, so its annual price movement has generally been very small compared with assets such as BTC and ETH. However, USDT has experienced periods of meaningful deviation from its intended peg.
| Year | Average Price | Highest Price | Lowest Price | General Performance |
|---|---|---|---|---|
| 2015 | $1.00 | $1.22 | $0.5683 | Significant early volatility |
| 2016 | $1.00 | $1.01 | $0.9621 | Mostly stable |
| 2017 | $1.00 | $1.21 | $0.8498 | Moderate volatility |
| 2018 | $1.00 | $1.29 | $0.9251 | Highest historical volatility |
| 2019 | $1.00 | $1.19 | $0.9588 | Mostly stable |
| 2020 | $1.00 | $1.05 | $0.9900 | Very stable |
| 2021 | $1.00 | $1.01 | $0.9690 | Very stable |
| 2022 | $1.00 | $1.02 | $0.9493 | Temporary deviations |
| 2023 | $1.00 | $1.02 | $0.9900 | Mostly stable |
| 2024 | $1.00 | $1.02 | $1.00 | Very stable |
| 2025 | $1.00 | $1.02 | $0.9894 | Very stable |
| 2026* | $1.00 | $1.03 | $0.9888 | Mostly stable |
*2026 is the current year.
The annual historical statistics above are based on CoinLore’s historical USDT dataset, which records yearly average prices, highs, lows, market capitalization and trading volume.
The table illustrates an important characteristic of stablecoins: USDT’s market capitalization can grow dramatically even when its price remains close to $1. That happens because the circulating supply can increase substantially.
Tether All-Time High
Historical USDT all-time-high figures vary slightly depending on the market-data provider and methodology.
CoinMarketCap currently lists an all-time high of approximately $1.22, while CoinGecko reports a historical high of $1.32 on July 23, 2018.
This difference demonstrates why CoinMarketCap should identify its own data source and methodology consistently when presenting historical price records.
Tether All-Time Low
USDT has also traded significantly below its intended $1 value during periods of market stress and its early trading history.
CoinMarketCap currently reports an all-time low of approximately $0.5683, while CoinGecko records approximately $0.5725 on March 1, 2015.
These early-market deviations were substantially larger than the movements normally observed in USDT today.
Tether Historical Data
The CoinMarketCap historical-data section should provide the complete available USDT price history from the earliest recorded market data through the current date.
| Date | Open | High | Low | Close | Trading Volume | Market Cap |
|---|---|---|---|---|---|---|
| February 25, 2015 | $1.21 | $1.22 | $1.20 | $1.21 | $[historical volume] | $[historical market cap] |
| February 26, 2015 | $1.21 | $1.22 | $1.20 | $1.21 | $[historical volume] | $[historical market cap] |
| February 27, 2015 | $1.21 | $1.22 | $1.20 | $1.21 | $[historical volume] | $[historical market cap] |
| February 28, 2015 | $1.21 | $1.21 | $1.19 | $1.20 | $[historical volume] | $[historical market cap] |
| March 1, 2015 | $0.60 | $0.62 | $0.57 | $0.58 | $[historical volume] | $[historical market cap] |
| March 2, 2015 | $0.58 | $0.61 | $0.57 | $0.59 | $[historical volume] | $[historical market cap] |
| … | … | … | … | … | … | … |
| August 27, 2026 | $0.9998 | $1.00 | $0.9996 | $0.9998 | $72.39B* | $183.33B* |
*Latest market figures can change throughout the day.
Historical USDT data providers can differ in their earliest records and daily calculations. CoinLore states that its Tether price database begins with February 2015 data, while CoinGecko provides daily historical records with market capitalization, volume and closing price.
For the CoinMarketCap page, the historical table should therefore use one consistent data source from the first available record through the latest completed trading day.
Tether Historical Data by Year
| Year | Average Price | Highest Price | Lowest Price | Average Market Cap | Average Volume |
|---|---|---|---|---|---|
| 2015 | $1.00 | $1.22 | $0.5683 | $449.3K | $54.3K |
| 2016 | $1.00 | $1.01 | $0.9621 | $4.5M | $753.6K |
| 2017 | $1.00 | $1.21 | $0.8498 | $286.0M | $294.9M |
| 2018 | $1.00 | $1.29 | $0.9251 | $2.5B | $2.9B |
| 2019 | $1.00 | $1.19 | $0.9588 | $2.7B | $16.0B |
| 2020 | $1.00 | $1.05 | $0.9900 | $7.3B | $30.9B |
| 2021 | $1.00 | $1.01 | $0.9690 | $43.9B | $86.4B |
| 2022 | $1.00 | $1.02 | $0.9493 | $70.8B | $57.4B |
| 2023 | $1.00 | $1.02 | $0.9900 | $75.3B | $279.7B |
| 2024 | $1.00 | $1.02 | $1.00 | $104.0B | $60.2B |
| 2025 | $1.00 | $1.02 | $0.9894 | $152.1B | $77.4B |
| 2026 | $1.00 | $1.03 | $0.9888 | $186.5B | $63.1B |
The annual dataset shows how dramatically Tether’s market capitalization has expanded even though the token’s average market price has remained close to $1. CoinLore’s latest annual statistics report approximately $186.5 billion average market capitalization for 2026.
Where to Buy Tether (USDT)
USDT is available on many cryptocurrency exchanges and trading platforms. Availability depends on the user’s country, local regulations, payment methods and the particular USDT network supported by the exchange.
Binance
Binance is a major global cryptocurrency exchange with extensive USDT markets. Its platform supports USDT trading and, in eligible markets, users can purchase USDT through supported payment and peer-to-peer methods. Binance’s India P2P platform, for example, lists USDT among its available assets.
Coinbase
Check Coinbase allows eligible users to buy, sell and hold Tether. Coinbase currently states that its USDT support is limited to the Ethereum ERC-20 version, so users must confirm network compatibility before depositing or withdrawing USDT.
Kraken
Kraken provides USDT trading and conversion services. Its platform supports Tether markets and offers several funding methods depending on the user’s location. Kraken currently provides a dedicated USDT buying service in India, subject to geographic restrictions.
OKX
OKX is a global digital-asset platform that offers USDT trading markets and cryptocurrency services in supported jurisdictions. Users can access USDT markets according to the products and regulations applicable to their location.
Bybit
Bybit is a cryptocurrency trading platform offering USDT markets and other digital-asset services. Available products, payment methods and geographic access depend on the user’s jurisdiction.
Bitget
Bitget provides USDT trading markets alongside other cryptocurrency services. Users should check the exchange’s current regional availability and supported USDT networks before making a transaction.
How to Buy Tether (USDT)
Buying USDT generally involves opening an account with an exchange that supports Tether in the user’s region.
The usual process is:
- Create an account with a supported cryptocurrency exchange.
- Complete any required identity verification.
- Add an available payment method.
- Search for Tether or USDT.
- Select the appropriate trading or purchase option.
- Enter the amount of USDT to purchase.
- Review the quoted price and fees.
- Confirm the transaction.
Coinbase’s current Tether buying guide describes a similar process and notes that payment methods and fees depend on location and transaction conditions.
Tether Fees
There is no single universal fee for buying or transferring USDT.
Costs can include:
- Exchange trading fees
- Deposit fees
- Withdrawal fees
- Blockchain network fees
- Payment-processing fees
- Spread between buy and sell prices
The blockchain used for a USDT transfer can also affect the transaction cost.
Tether vs USD
USDT and U.S. dollars are not the same asset.
| Feature | Tether (USDT) | U.S. Dollar (USD) |
|---|---|---|
| Type | Blockchain-based digital token | Fiat currency |
| Target Value | Approximately $1 | $1 |
| Issuer | Tether | U.S. government / Federal Reserve monetary system |
| Blockchain | Multiple networks | No blockchain requirement |
| Transfer | Blockchain transaction | Banking/payment systems |
| Market Price | Can fluctuate around $1 | Official unit of account |
| 24/7 Trading | Yes | Traditional markets/payment systems vary |
USDT is designed to represent dollar value digitally, but holding USDT is not identical to holding a dollar bank deposit.
Tether vs USDC
USDT and USDC are both major dollar-pegged stablecoins.
| Feature | Tether (USDT) | USD Coin (USDC) |
|---|---|---|
| Symbol | USDT | USDC |
| Target Value | $1 | $1 |
| Type | Dollar-pegged stablecoin | Dollar-pegged stablecoin |
| Blockchains | Multiple | Multiple |
| Main Use | Trading, settlement, transfers, DeFi | Trading, payments, settlement, DeFi |
| Supply | Variable | Variable |
| Market Price | Usually near $1 | Usually near $1 |
The two assets differ in issuer, reserve structure, market distribution, supported networks and regulatory positioning.
Is Tether Backed by Reserves?
Tether states that its tokens are backed by reserves. Its official website says the reserves include traditional currency, cash equivalents and other assets.
The composition and size of those reserves can change over time.
Users evaluating USDT should therefore review Tether’s latest reserve disclosures rather than relying on an outdated reserve snapshot.
Is Tether Safe?
Tether is widely used throughout the cryptocurrency market, but no digital asset is completely risk-free.
USDT users should consider several categories of risk:
Peg Risk
USDT can temporarily trade above or below $1.
Issuer Risk
USDT depends on Tether as the issuer and administrator of the token system.
Reserve Risk
The stability of the token is connected to the assets and arrangements supporting the outstanding supply.
Regulatory Risk
Stablecoin regulations can change across jurisdictions.
Blockchain Risk
USDT transferred through a blockchain can be affected by network congestion, smart-contract risks or infrastructure problems.
Exchange Risk
Holding USDT on a centralized exchange introduces exchange and custody risk.
Tether and Regulation
Stablecoins are receiving increasing regulatory attention around the world.
Rules concerning stablecoin issuance, reserves, custody, exchange listings and payments differ between countries.
The availability of USDT can therefore vary significantly by jurisdiction.
Tether itself states that it does not provide issuance or redemption services to U.S. residents and citizens under its current policy, subject to specified exceptions.
Users should check the current rules applicable to their location before buying or using USDT.
Tether History
Tether was launched in 2014 as a blockchain-based digital representation of fiat currency.
The project originally used the name Realcoin before becoming Tether.
Over the following years, USDT expanded from its early blockchain implementation into a multi-chain stablecoin used throughout cryptocurrency exchanges and decentralized applications.
Its market capitalization grew substantially as cryptocurrency trading expanded.
Tether became particularly important as exchanges adopted USDT as a base trading asset for Bitcoin, Ethereum and thousands of other cryptocurrencies.
Tether Key Facts
| Category | Tether |
|---|---|
| Name | Tether |
| Token | USDT |
| Type | Stablecoin |
| Target Currency | U.S. Dollar |
| Target Value | Approximately $1 |
| Launch Year | 2014 |
| Original Name | Realcoin |
| Consensus Mechanism | Depends on the underlying blockchain |
| Maximum Supply | No fixed maximum |
| Primary Uses | Trading, payments, transfers, settlement and DeFi |
| Supported Networks | Multiple blockchain networks |
| Current Market Rank | #3 |
| Current Market Cap | Approximately $183.33 billion |
| Circulating Supply | Approximately 183.36 billion USDT |
| Current Price | Approximately $0.9998 |
Current market figures are based on the latest available market snapshot and should be refreshed through the CoinMarketCap Crypto Ticker Widget.
Advantages of Tether
Tether’s main advantages come from its combination of dollar-denominated value and blockchain functionality.
Dollar-Denominated Value
USDT provides a digital asset designed to maintain a value close to one U.S. dollar.
High Liquidity
USDT is among the most actively traded assets in cryptocurrency markets.
Multiple Blockchains
Users can access USDT across multiple supported blockchain networks.
Trading Utility
A large number of cryptocurrency trading pairs use USDT.
Global Accessibility
Subject to local regulations and exchange availability, USDT can be transferred across borders using blockchain infrastructure.
Risks of Tether
USDT also carries important risks.
Stablecoin risk: The market price can deviate from $1.
Issuer risk: Users depend on Tether’s token issuance and redemption infrastructure.
Reserve risk: The quality and composition of reserves matter to the stability of the system.
Regulatory risk: Laws governing stablecoins can change.
Network risk: Sending USDT through the wrong blockchain can cause loss of access to funds.
Custody risk: Funds stored on an exchange are exposed to the risks of that platform.
Tether Price Prediction
A conventional cryptocurrency price prediction is less meaningful for USDT than it is for assets such as Bitcoin or Ethereum.
The central objective of Tether is to maintain a value close to $1 rather than generate substantial capital appreciation.
A more useful analysis focuses on:
- Stability around the $1 target
- Market capitalization growth
- Circulating supply
- Trading volume
- Liquidity
- Reserve disclosures
- Regulatory developments
- Blockchain adoption
- Exchange availability
No analysis can guarantee that USDT will always trade exactly at $1.
Frequently Asked Questions About Tether
What is Tether?
Tether is a blockchain-based stablecoin designed to maintain a value close to one U.S. dollar. Its ticker symbol is USDT.
What is the current Tether price?
USDT is currently trading close to $1.00. CoinMarketCap’s latest market snapshot shows approximately $0.9998.
What is Tether’s market cap?
Tether’s current market capitalization is approximately $183.33 billion, according to the latest CoinMarketCap market data available for this page.
How much USDT is in circulation?
Approximately 183.36 billion USDT is currently circulating according to CoinMarketCap’s latest market data.
Is USDT the same as USD?
No. USD is a traditional fiat currency, while USDT is a blockchain-based digital token designed to represent approximately one U.S. dollar.
Why does USDT stay close to $1?
USDT is designed as a dollar-pegged stablecoin. Market trading, issuance, redemption and demand all influence its price, which is why it can move slightly above or below $1.
Can USDT go above $1?
Yes. USDT has historically traded above $1. CoinMarketCap records a historical high of approximately $1.22, while other market-data providers report different highs depending on their methodology.
Can USDT fall below $1?
Yes. USDT has traded below its $1 target, including significant deviations during its early market history.
Where can I buy USDT?
USDT can be purchased on cryptocurrency exchanges including Binance, Coinbase, Kraken, OKX, Bybit and Bitget, subject to regional availability and applicable regulations.
Can I buy USDT in India?
USDT availability depends on the exchange and current Indian regulations. Coinbase and Kraken currently provide dedicated Tether buying information for Indian users, while Binance provides USDT P2P functionality in its India interface.
Which blockchain should I use for USDT?
There is no single universally correct network. The correct network is the one supported by both the sending and receiving platforms.
What happens if I send USDT on the wrong network?
Funds can become inaccessible if the receiving wallet or exchange does not support the selected network. Always confirm the network before completing a transfer.
Does Tether have a maximum supply?
No. USDT does not have a fixed maximum supply. Its circulating supply can change according to issuance and redemption activity.
Is Tether a good investment?
USDT is designed primarily for price stability rather than capital appreciation. Anyone considering holding USDT should understand stablecoin, issuer, reserve, regulatory, custody and network risks.
Does Tether pay interest?
Simply holding USDT does not automatically generate interest. Any yield opportunity offered by an exchange, lending platform or DeFi protocol introduces additional risks and should be evaluated separately.
Is USDT decentralized?
No. Tether is issued and administered by Tether, although the tokens operate on decentralized blockchain networks.
What is the difference between USDT and USDC?
Both are dollar-pegged stablecoins, but they have different issuers, reserve structures, market distributions, supported networks and regulatory approaches.
Tether Price Summary
Tether (USDT) is a dollar-pegged stablecoin built to provide blockchain-based access to USD-denominated value. Its role extends beyond simple price stability because USDT is widely used for cryptocurrency trading, transfers, settlement, payments and decentralized finance.
The token has maintained a market price close to $1 for most of its history, although periods of deviation have occurred. Its market capitalization has grown dramatically as demand for stablecoins and crypto liquidity has increased.
CoinMarketCap provides the live Tether price, market capitalization, trading volume, circulating supply, price chart, historical data and USDT markets so users can monitor the asset as market conditions change.
Disclaimer
Cryptocurrency and stablecoin markets involve financial and technological risks. Tether’s market price can deviate from its intended $1 value, and the availability of USDT services varies by jurisdiction. Information on this page is provided for educational and informational purposes and should not be considered financial, investment, legal or tax advice.
Users should conduct their own research and verify current information directly with Tether, exchanges and other relevant service providers before buying, transferring or using USDT.