Tether Price

Coin Prices

FRXETH

$1,596.89

10.39%

Price data by

DecryptCoinsTether

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Tether

usdt

$0.999

-0.00204%

Stablecoins

USD Stablecoin

Solana Ecosystem

Avalanche Ecosystem

24-Hour Range

$0.999

Low

High

Market Cap (Mcap)

Rank

Mcap

$144.29B

Fully Diluted Mcap

$144.29B

Supply

Circulating

144,371,007,893

Total

N/A

Created On

N/A

All Time High (ATH)

ATH

$1.32

ATH Change

-24.46%

ATH Date

Jul 24th, 2018

Total Value Locked (TVL)

TVL

N/A

MCap to TVL Ratio

N/A

FDV to TVL Ratio

N/A

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Learn about Tether

What Are Stablecoins and How Do You Use Them?

Stablecoins are cryptocurrencies that claim to be backed by fiat currencies. Unlike cryptocurrencies like Bitcoin, their prices remain steady.

What Is Tether (USDT), the Token With the Record $83.6 Billion Market Cap

Tether is a type of cryptocurrency known as a stablecoin, that’s pegged to the price of the U.S. dollar. Here’s everything you need to know.

Tether News

Dec 18, 2024

Law and Order

Europol Seizes $26 Million in Crypto From 9 Drug Traffickers

Europol collaborated with law enforcement authorities from six countries to bring down an international drug trafficking ring employing crypto for its financial needs. Europol said it has taken down “underground bankers who were moving and laundering the proceeds of large-scale drug trafficking and other serious crimes” in a recent announcement. When contacted by Decrypt, Europol explained that it is “not authorised to disclose any more details.” Bitcoin Still 'Most Abused' Crypto Asset Among Cr...

by Adrian Zmudzinski · 3 min read

Dec 13, 2024

Coins

Coinbase Europe Delists USDT, Other Stablecoins Citing EU Compliance

Coinbase Europe decided to delist multiple stablecoins, including Tether’s market-leading USDT, to comply with the European Union’s rules. In a Wednesday announcement set to its users, Coinbase wrote that "due to the new European Markets in Crypto-Assets (MiCA) regulation, Coinbase will implement restrictions for stablecoin services that do not meet MiCA requirements.” Other than USDT, retail customers on Coinbase Europe and Coinbase Germany will see the delisting of Paxos Standard Price (PAX),...

by Adrian Zmudzinski · 3 min read

Nov 27, 2024

Coins

Tether Stops Minting Euro-Backed Stablecoin, Citing Hostile Regulators

Stablecoin giant Tether has announced it will stop minting euro-backed tokens, citing regulatory hurdles in Europe. The crypto company said Wednesday that it has stopped minting Euro Tether (EURT) and that those holding the token have until November 25, 2025 to redeem them. EURT has very small trading volume: a little over $2 million worth of tokens traded hands in the past day, according to CoinGecko. Compare that to Tether’s dollar equivalent, USDT, which is the most traded cryptocurrency wit...

by Mat Di Salvo · 3 min read

Nov 26, 2024

Law and Order

Tether Is So Closely Linked to Cartels It Trades at a Discount in Mexico: Report

A money laundering organization connected to United States cocaine imports from Mexico and Colombia uses Tether (USDT), alleges a new report. Drug traffickers have turned to crypto, and USDT in particular, “as a way to quickly move wealth across borders in recent years,” according to a recent Court Watch report. Court records from multiple cases allege that criminal organizations—including the Sinaloa Mexican drug cartel—use such assets for large-scale drug trafficking. The news follows a recent...

by Adrian Zmudzinski · 4 min read

Nov 19, 2024

Law and Order

Bitcoin, Tether Bull Howard Lutnick Is Trump's Pick for Commerce Chief—Not Treasury

Donald Trump has selected Wall Street billionaire and Bitcoin bull Howard Lutnick to serve as his Commerce Secretary, reports the Wall Street Journal. By doing so, Trump has rejected the investor’s reported push to run the Treasury Department, a position with far greater sway over the U.S. economy. Running the Department of Commerce is certainly no small prize for Lutnick, who is currently co-chairing Trump’s transition team. As Commerce chief—if confirmed by the U.S. Senate—Lutnick would handle...

by Sander Lutz · 3 min read

Nov 14, 2024

Business

Tether Launches Hadron Amid $6.5B Tokenization Boom for Real-World Assets

Stablecoin giant Tether has launched Hadron, a tokenization platform for digital and real-world assets, amid a boom in tokenizing financial instruments on decentralized networks. Hadron lets users tokenize various assets, from stocks and bonds to stablecoins and loyalty points, Tether said Thursday in a statement. The platform also offers tools for issuing and managing the full life cycle of digital tokenized assets, with the aim of facilitating the process of tokenizing assets for both indivi...

by Liz Napolitano · 3 min read

Oct 29, 2024

Business

Banco Bisa Introduces Bolivia’s First Regulated Crypto Custody Service Using Tether

Banco Bisa, one of Bolivia’s largest banks, announced last week the launch of its crypto custody service, making it the first regulated financial institution in the country to do so. Solely supporting the stablecoin Tether (USDT), the service enables customers to buy, sell, and transfer crypto directly through their bank accounts, local media reported Thursday. It follows a weakening currency in Andean countries. Last month, inflation in the country hit its highest point in nearly 10 years, driv...

by Mat Di Salvo · 2 min read

Oct 25, 2024

Law and Order

Tether CEO: ‘No Indication’ US Treasury Is Investigating Stablecoin Issuer

Stablecoin issuer Tether's CEO has denied a newspaper report that claims the crypto company is being investigated by U.S. law enforcement. In a Friday tweet, Tether CEO Paolo Ardoino said that there was "no indication" the firm was being investigated. The Wall Street Journal reported Friday that the federal government was investigating Tether for possible violations of sanctions and anti-money-laundering rules, citing people familiar with the matter. As we told to WSJ there is no indication tha...

by Mat Di Salvo · 3 min read

Oct 22, 2024

Coins

Stripe $1.1 Billion Bridge Deal Validates Stablecoin Growth, Says Bernstein

The recently confirmed acquisition of stablecoin payment platform Bridge for $1.1 billion by U.S. payment processor Stripe validates the growing importance and legitimacy of stablecoins as a use case for public blockchains—particularly for global cross-border transactions, according to Bernstein. “Stablecoins have become systemically important, now the 18th largest holder of U.S. Treasury assets, alongside major sovereign holders,” Bernstein said in a note sent to Decrypt. The integration of sta...

by Murtuza Merchant · 2 min read

Oct 18, 2024

Law and Order

Olympic Snowboarder Used Tether in Cocaine-Smuggling Murder Scheme, Feds Say

Feds have hit an Olympic snowboarder with criminal charges for his alleged role in a cocaine trafficking gang, which used the stablecoin Tether (USDT) as a key part of its billion-dollar operation. A U.S. Department of Justice (DOJ) indictment filed Thursday alleged that former pro snowboarder Ryan James Wedding and 15 other defendants ran a drug-trafficking syndicate, shipping cocaine from Colombia through Mexico and into the United States and Canada. The crime gang committed multiple murders...

by Mat Di Salvo · 3 min read

Oct 17, 2024

Markets

WazirX to List Its 240,000 Wallets and Balances as Part of Debt Restructuring

WazirX plans to disclose 240,000 wallet addresses and balances in an affidavit filed with the High Court of Singapore amid ongoing debt restructuring efforts. The exchange has been working to repay customers after a $230 million cyberattack in July crippled WazirX’s operations and left users without access to funds. The exchange’s holding company, Zettai Pte Ltd, is overseeing the restructuring process to stabilize operations and address outstanding liabilities. “At WazirX, we’ve always believed...

by Vismaya V · 3 min read

Oct 9, 2024

Markets

Stablecoin Use Booms in Argentina as Inflation Skyrockets: Report

Crypto adoption is growing in Argentina, with a correlation between stablecoin use and the devaluation of the country’s currency, according to a new report. Research released Wednesday by blockchain data firm Chainalysis showed that Argentina’s stablecoin use is among the highest in the region, with the South American country’s share of stablecoin transaction volume at 61.8% of all crypto transactions—higher than Brazil’s 59.8%. Only Colombia landed higher at 66%. The reason for Argentina’s sur...

by Mat Di Salvo · 3 min read

Oct 9, 2024

Markets

Stablecoins No ‘Safe Haven’ From US Monetary Policy, Says European Central Bank

The European Central Bank (ECB) has challenged the idea that stablecoins are a “safe haven” for investors in times of market turmoil, finding they are actually highly impacted by U.S. monetary policy. The working paper examined the link between U.S. monetary policy, money market funds (MMFs), and stablecoins. “Monetary policy, in particular for the U.S. dollar, is the linchpin that connects crypto and traditional financial markets,” the authors concluded. The paper argued that stablecoins—which...

by Will McCurdy · 3 min read

Sep 30, 2024

Markets

Robinhood Has No 'Imminent Plans' For a Stablecoin, Says VP

Robinhood dismissed speculations regarding the company’s entry into the stablecoin market, confirming on Monday that Robinhood (HOOD) has no "immediate plans" to launch its own stablecoin. "At this point, we don't have any immediate plan to launch a stablecoin. The rumors are always interesting, but we haven’t really spent time on it." Robinhood Crypto’s Vice President and General Manager Johann Kerbrat told Decrypt. He was addressing a Bloomberg report last week saying that both Robinhood and...

by Murtuza Merchant · 2 min read

Sep 28, 2024

Markets

Could Robinhood and Revolut Find Stablecoin Success Where PayPal Stumbled?

Fintech heavyweights Robinhood, a U.S. investing app, and Revolut, a crypto-friendly neobank based in London, are considering launching their own stablecoins, unnamed sources told Bloomberg this week. The giants are eyeing the stablecoin market at a time when Tether (USDT), with its $119 billion market capitalization, accounts for roughly 68% of the $173.5 billion category. With Europe offering clearer regulatory frameworks, the fintech giants could bring a new wave of competition. However, the...

by Vismaya V · 4 min read

Sep 27, 2024

Law and Order

DOJ Seizes $6 Million Linked to 'Devastating' Crypto Romance Schemes

The Federal Bureau of Investigations (FBI) has seized over $6 million worth of cryptocurrency from scammers based in Southeast Asia who targeted U.S. citizens. According to a Sept. 26 FBI announcement, the fraud resulted in significant financial losses for victims who were misled into believing they were investing in legitimate opportunities. Assistant Director Chad Yarbrough of the FBI's Criminal Investigative Division highlighted the impact of these schemes on Americans. “These types of scheme...

by Adrian Zmudzinski · 3 min read

Sep 19, 2024

Markets

Stablecoin Issuers Now 18th Largest Holder of US Treasuries, Says Bernstein

Stablecoin issuers as a category have grown to become the 18th largest holder of U.S. Treasuries, a milestone that places them alongside major sovereign holders. According to a new report by Bernstein, the total circulation of stablecoins has reached an all-time high of $170 billion, following a dip in 2023. The report describes the dollar-pegged coins as "systemically important" and notes their role in providing USD savings access to international users, helping to spread digital dollars beyond...

by Murtuza Merchant · 2 min read

Sep 18, 2024

Business

BitGo Takes On Coinbase and Tether With USDS Stablecoin Launch

The stablecoin wars are heating up, and American digital asset custodian BitGo is the latest to join the fray with Wednesday’s launch of its new U.S. dollar-pegged coin. Dubbed USDS, the asset will prioritize “fairness, transparency, and market neutrality,” BitGo said in a statement. USDS will be available in January 2025, the firm said, with rewards promised to users. The launch comes as the Palo Alto, California-based company appears to be taking the fight to Coinbase, America’s biggest crypto...

by Mat Di Salvo · 4 min read

Sep 13, 2024

Markets

Consumer Watchdog Calls Tether a 'Disaster for Consumers Waiting to Happen'

Consumer protection group Consumers' Research released a report criticizing the lack of transparency around stablecoin issuer Tether’s U.S. dollar reserves and calling it a “disaster for consumers waiting to happen.” The report claims the main issue is Tether's lack of a full audit from a reputable accounting firm of the dollar reserves backing USDT, its 1:1 U.S. dollar stablecoin. In response to a request from Decrypt, Tether would not provide a statement, but pushed back on the watchdog report...

by Adrian Zmudzinski · 2 min read

Sep 3, 2024

Law and Order

Fake Ukrainian Cops Apprehended for Extorting $250,000 in Tether from Entrepreneur

In Ukraine on Monday, police arrested a criminal group that allegedly extorted $250,000 in stablecoin Tether (USDT) from a young entrepreneur by posing as law enforcement officials and threatening him with criminal charges for a fabricated crime. The four suspects, who were detained by cyber police and the Department of Internal Security of the National Police, face up to 12 years in prison, according to a statement. In May, the 20-year-old online business founder reported to police that unknow...

by Matthew Sainsbury · 3 min read