Tether Price and Guide: How Does USDT Work?
Price: $0.9994
Change: +$0.00002549 (+0.00%)
Market Cap: $186.44B
24h Volume: $106.70B
24h High: $0.9996
24h Low: $0.9992
Historical Performance
| Period | Open | High | Low | Close | Change | Volatility |
|---|---|---|---|---|---|---|
| Today | $0.9994 | $0.9996 | $0.9992 | $0.9994 | +0.01% | 0.0% |
| 7D | $0.9996 | $0.9996 | $0.9985 | $0.9994 | -0.02% | 0.0% |
| 30D | $0.9995 | $0.9998 | $0.9981 | $0.9994 | -0.01% | 0.0% |
| 90D | $1.00 | $1.00 | $0.9981 | $0.9994 | -0.06% | 0.0% |
| 1Y | $1.00 | $1.01 | $0.9977 | $0.9994 | -0.06% | 0.0% |
| All Time | $1.00 | $1.00 | $0.9980 | $0.9994 | -0.10% | 0.0% |
Tether Markets
| # | Exchange | Pairs | Price | Volume | Liquidity |
|---|---|---|---|---|---|
| 1 | USDC/USDT | $1.00 | $2.08B | 0.011% | |
| 2 | BTC/USDT | $66,326 | $899.74M | 0.010% | |
| 3 | BTC/USDT | $66,343 | $641.91M | 0.010% | |
| 4 | BTC/USDT | $66,338 | $1.19B | 0.010% | |
| 5 | BTC/USDT | $66,297 | $852.04M | 0.010% | |
| 6 | USDT/USD | $0.9993 | $193.71M | 0.011% | |
| 7 | ETH/USDT | $1,794 | $553.89M | 0.011% | |
| 8 | BTC/USDT | $66,340 | $801.66M | 0.010% | |
| 9 | BTC/USDT | $66,308 | $204.90M | 0.010% | |
| 10 | ETH/USDT | $1,794 | $313.34M | 0.011% |
Tether: The Stable Digital Asset
USDT was launched in 2014 by Tether Limited. As one of the most reliable stable digital currencies, USDT was designed to maintain a stable value. Tether (USDT) can keep its price stable because its value is directly pegged to the US dollar. This means that the target price is designed to always be equal to 1 US dollar.
Tether’s stable value makes it unique within the digital asset ecosystem, as traditional cryptocurrencies such as Bitcoin or Ethereum are open to major volatility. Another aspect that makes Tether (USDT) stand out is its integration across multiple blockchain platforms.
How Tether Works: Reserves and Issuance
What helps maintain Tether’s pegged value is a strict reserve architecture. For every single USDT issued, a corresponding amount of asset value is held in Tether’s vaults.
The Architecture of Tether's Reserves
To maintain its steady value, Tether reserves rely on safe financial instruments, mostly US Treasury Bills and cash equivalents.
Tether Price Dynamics and Market Footprint
The ideal live price for USDT is a constant $1. Still, investors can expect very minor variations across centralized exchanges, mostly due to sudden changes in supply and demand.
Market Cap, Liquidity, and Trading Volume
Tether’s market cap gives it deep liquidity, which makes it easy for traders to buy USDT even during times of volatility.
| Metric | Approximate Value |
|---|---|
| Market Capitalization | ~$186.9 Billion |
| Circulating Supply | 185-190 billion USDT |
| 24-Hour Trading Volume | $57.4-$93.7 billion |
| Stablecoin Market Share | 62-70% |
| Cryptocurrency Ranking by Market Cap | #3 globally |
How to Utilize and Buy Tether Safely
For crypto investors interested in using USDT (Tether) for cross-border transactions or as a stable store of value, purchase is quite straightforward.