Tether Price

Coin Prices

KSM

$20.45

-1.36%

Price data by

DecryptCoinsTether

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Tether

usdt

$1.00

0.06%

Stablecoins

USD Stablecoin

Solana Ecosystem

Avalanche Ecosystem

24-Hour Range

$0.997

$1.00

Low

High

Market Cap (Mcap)

Rank

Mcap

$130.27B

Fully Diluted Mcap

$130.27B

Supply

Circulating

130,151,051,348

Total

N/A

Created On

N/A

All Time High (ATH)

ATH

$1.32

ATH Change

-24.31%

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

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

Aug 16, 2024

Business

Trump Taps Bitcoin, Tether Bull Howard Lutnick for Transition Team

Former U.S. President Donald Trump has named Cantor Fitzgerald CEO Howard Lutnick as co-chair of his transition team ahead of the presidential election in November—and Lutnick is a big Bitcoin bull. Trump's campaign made the announcement Friday, also noting that Linda McMahon—the former administrator of the Small Business Administration—would serve as co-chair alongside Lutnick. Vice Presidential candidate J.D. Vance will serve as an honorary chair alongside Trump's sons Eric and Donald Jr. Tran...

by Mat Di Salvo · 2 min read

Aug 12, 2024

Law and Order

Tether Slams Celsius Lawsuit as a 'Shakedown,' Vows to Fight Claims in Court

Tether Limited has hit back against a lawsuit from Celsius Network over disputed Bitcoin, labeling it a "shakedown" and "baseless" while vowing to defend itself vigorously in court. Filed on August 9 in the U.S. Bankruptcy Court for the Southern District of New York, the suit seeks to claw back some $2.4 billion in Bitcoin that former crypto lender Celsius claims was improperly liquidated by Tether before its bankruptcy over two years ago. “No good deed goes unpunished,” Tether wrote in a respon...

by Matthew Sainsbury · 3 min read

Aug 1, 2024

Coins

UK Central Bank, BIS Showcase Project for Monitoring Stablecoins

A joint effort by the Bank for International Settlements and the Bank of England has shown it can deliver near real-time data on stablecoins’ liabilities and the assets backing them. Dubbed Pyxtrial, the initiative could also extend to monitoring other tokenized products backed by real-world assets in an attempt to address major challenges for financial watchdogs, a report published on Wednesday reads. Pyxtrial includes features that allow authorities to pull data directly from issuers' systems...

by Sebastian Sinclair · 2 min read

Jul 31, 2024

Business

Tether Reports $5.2 Billion Profit, Questions Arise Over Bitcoin Holdings

Tether Holdings Limited, the company behind the world's largest stablecoin USDT, has reported a profit of $5.2 billion for the first half of 2024, according to its latest quarterly attestation report. That’s record profit for Tether, according to the company, which claims to hold reserves for its tokens totaling $118.4 billion, with liabilities at $113.1 billion. And despite what appears to be a discrepancy in its reported Bitcoin holdings, the results of its attestation—provided by global acco...

by Murtuza Merchant · 3 min read

Jul 24, 2024

DeFi

BlackRock BUIDL Fund Bids for Allocation From Ethena's $45 Million Reserve Fund

The tokenized money market fund BlackRock USD Institutional Digital Liquidity Fund (BUIDL) by asset management titan BlackRock is looking to secure an investment from Ethena Labs’ tokenized fund. On July 16, Ethena Labs created a forum thread for allocations of its $45.4 million reserve fund that currently has $235 million in Tether (USDT) backing its USDe stablecoin. The post also laid out plans to allocate part of the fund to yield-generating, real-world asset products. The announcement follow...

by Adrian Zmudzinski · 3 min read

Jul 11, 2024

Coins

$11 Billion Marketplace With Ties to Cambodia's Elite Linked to Crypto Scams

Online marketplace Huione Guarantee has facilitated transactions worth at least $11 billion for crypto scam operators in Southeast Asia, according to blockchain analytics firm Elliptic. Huione operates like a darknet marketplace, facilitating cyber scams in Southeast Asia. The marketplace operates through thousands of instant messaging app channels, each run by different merchants, and predominantly uses the USDT stablecoin for payments, a Wednesday report by the firm said. "When blockchain anal...

by Sebastian Sinclair · 3 min read

Jun 24, 2024

Coins

Tether Stops Minting USDT Stablecoin on EOS and Algorand

Stablecoin issuer Tether on Monday announced its decision to stop minting its USDT stablecoin on the Algorand and EOS blockchains. Effective immediately, Tether will no longer issue new USDT tokens on Algorand and EOS. The company, in a blog post, stated that this move is a step towards optimizing its blockchain ecosystem by prioritizing community-driven support and resource allocation. However, the company will continue to support the redemption of USDT on these blockchains for the next 12 mont...

by Murtuza Merchant · 2 min read

Jun 17, 2024

Coins

Tether Drops Another Dollar-Pegged Stablecoin—But It's Backed By Gold

Stablecoin giant Tether unveiled a new stablecoin on Monday which, much like USDT, is designed to track the price of the U.S. dollar. Unlike the pre-existing USDT token, however, the newborn “Alloy” (aUSDT) token will be backed by overcollateralized gold reserves rather than government debt. “aUSDT unifies the most popular currency in the world with the store of value used by humanity for the last 5,000 years,” wrote Tether on Twitter. 3/ In the case of Alloy by Tether, aUSD₮ is over-collateral...

by Andrew Throuvalas · 3 min read

Jun 6, 2024

Markets

Stablecoin Giant Tether Now Owns 25% of Bitcoin Miner Bitdeer

Stablecoin issuer Tether now controls 25% of shares for Bitcoin miner Bitdeer, according to a recent U.S. Securities and Exchange Commission filing. That makes the company behind Tether (USDT) the second-largest shareholder of the BTC miner's shares, behind Victory Courage Ltd., which is registered to Bitdeer CEO Jihan Wu. Before being appointed in March 2024, Wu was co-founder and former CEO of ASIC manufacturer Bitmain. At the time of writing, Bitdeer shares are trading for $7.15, up 2% since...

by Stacy Elliott · 3 min read

May 6, 2024

Coins

90% of Ethereum, Tron, Solana Stablecoin Transactions Are ‘Inorgranic Activity’, Visa Says

Nearly all stablecoin transactions are tied to “inorganic activity,” according to payments giant Visa and enterprise blockchain data provider Allium. The companies have launched a new data dashboard designed “to remove potential distortions that can arise from inorganic activity and other artificial inflationary practices,” and its adjusted figures reveal upwards of 90% of tracked transactions occur without human involvement. The dashboard tracks Tether's eponymous USDT, Circle's USDC, Paxos's U...

by Stacy Elliott · 2 min read

May 1, 2024

Business

Tether Netted $4.52 Billion Q1 Profit Thanks To Bitcoin Gains

Tether posted a record-shattering $4.52 billion profit in the first quarter—an unusually large sum even for the highly successful and dominant stablecoin provider. Per its Q1 2024 attestation report published on Wednesday, the company earned approximately $1 billion in net operating profits from its U.S. Treasury holdings. These short-term T-bills comprise the vast majority of Tether’s reserves, which back its $110 billion dollar-pegged stablecoin, USDT. The rest, however, can be credited to mas...

by Andrew Throuvalas · 3 min read