Tether Price Today - USDT Live Charts
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MarketCap$ 183,713,343,381
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Volume$ 98,650,733,538
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Change0.01%
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Polygon Hermez Bridged USDC (X Layer)
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Initia Bridged USDC (Initia)
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LayerZero Bridged USDC (Aptos)
Wanchain Bridged USDC (Cardano)
zkSync Bridged USDC (zkSync)
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Celer Bridged USDC (Astar)
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Polygon Hermez Bridged USDC (Polygon zkEVM)
Synapse Bridged USDC (Elastos)
Beam Bridged USDC (Beam)
Bifrost Bridged USDC (Bifrost)
Eclipse Bridged USDC (Eclipse)
Celer Bridged USDC (Conflux)
Morph L2 Bridged USDC (Morph L2)
Bridged USD Coin (Scroll)
Squid Bridged USDC (Saga)
KCC Bridged USDC (KuCoin Community Chain)
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Taiko Bridged USDC (Taiko)
Sophon Bridged USDC (Sophon)
Cronos zkEVM Bridged USDC (Cronos zkEVM)
Rollux Bridged USDC (Rollux)
Binance-Peg CardanoCardano
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Updated on Apr 24, 2024
Overview: What is Tether Coin?
One of the most popular cryptocurrencies today is Tether (USDT). What is it exactly? Tether is the third-largest cryptocurrency in the world, after Bitcoin (BTC) and Ethereum (ETH). However, it’s the largest stablecoin, a group of cryptocurrencies known for their stable prices.
How Did Tether(USDT) Start?
Tether (USDT) launched in July 2014. It was initially called Realcoin and co-founded by Reeve Collins, Brock Pierce, and Craig Sellars. The first tokens became available on 6 October 2014 on the Bitcoin Blockchain. The following month, Realcoin was rebranded as Tether.
What Makes Tether Unique?
- Tether tokens aren’t mined; they are generated by Tether Limited and issued via the crypto exchange Bitfinex.
- Tether has multiple blockchain support, including Bitcoin, Ethereum, EOS, TRON, and Bitcoin Cash (SLP), ensuring easy integration and adoption.
- Regarding daily volume, USDT is among the most traded cryptocurrencies in the world, offering unparalleled liquidity.
- Tether tokens are a popular alternative to fiat gateways with their widespread adoption among digital wallet apps, exchanges, payment services, and decentralized finance (DeFi) protocols.
- Tokens are 100 per cent backed by Tether’s reserves.
- Information about tokens issued and all reserve assets is regularly updated and publicly available.
How Does Tether(USDT) Work?
Unlike most crypto coins, Tether cannot be mined. New tokens are generated and sold directly by Tether Limited or any crypto exchange supporting Tether.
As a stablecoin, Tether’s price is anchored or ‘pegged’ to the U.S. dollar. This link to a less volatile asset protects crypto holders from the wild fluctuations other cryptocurrencies are known for. It also makes Tether well-suited for trades and transactions between blockchains.
While Tether (USDT) is the most widespread asset-pegged token offered by Tether Limited, it’s not the only one. Crypto investors can choose between other fiat stablecoins like the Euro-pegged Tether EURt. There’s even a stablecoin pegged to gold.
Tether doesn’t run on its own blockchain. Instead, this cryptocurrency can be traded on and across bigger blockchain platforms like Ethereum, Polygon, Avalanche, and others.
How is the Price of Tether Determined?
As mentioned, the Tether (USDT) price is pegged to the U.S. dollar. In theory, this means that one Tether coin is equal in value to one U.S. dollar. However, a Tether token doesn’t literally represent a dollar–it’s merely a derivative of it. This means that slight fluctuations in the value of USDT are normal.
Supply and demand also affect the price of Tether. For example, when investors suddenly get rid of their Tether tokens to buy another trending cryptocurrency, the abundance of now available Tether will make the price of USDT drop. However, when volatile cryptocurrencies suddenly tank, investors might move their money to stablecoins causing the price of USDT to increase.
Where Can You Buy Tether (USDT)?
Due to the widespread use of USTD, the average investor can buy Tether tokens on most crypto exchanges. To purchase, one must first register an account with a reputable platform. For example, for those interested in Tether (USTD), Binance offers an app with easy registration. After purchase, tokens are stored in a Tether (USD) wallet. Digital crypto wallets will generate a new Tether (USDT) contract address for each transaction.
Most frequently asked questions about Tether
Is Tether a good coin to invest in?
The short answer to “Is Tether (USDT) a good investment?” is yes. As a stablecoin, it provides a stable investment opportunity, especially for novice investors who want to avoid crypto volatility.
Why is Tether so popular?
Being pegged to the U.S. dollar means its value is relatively stable. Tether also offers more liquidity than most other digital assets.
How much will the Tether coin be worth in 2025?
My USDT price prediction for 2025 is $1.101785.
Why is Tether risky?
Unfortunately, some experts believe this cryptocurrency is vulnerable to legal, security, and financial risks due to Tether’s habit of not releasing fully transparent reports.
Does Tether coin have a future?
Based on some studies, Tether is a beneficial investment in the long term, and its growing popularity might ensure good returns for investors in the next three to five years.
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Bitcoin AIOsmosis allBTCNEAR Intents Bridged BTCMezo Wrapped BTCBitcoin BaseBitcoin Second ChanceBobby The CatbatcatBig Tom CoinBobby The CatBitcoinThe Ticker Is ETHEthereumBridged Binance-Peg Ethereum (opBNB)Krown Bridged ETH (Krown)NEAR Intents Bridged ETHOsmosis allETHBridged Ether (StarkGate)zkLink Nova Merged Bridged USDC (zkLink Nova)CoreDAO Bridged USDC (Core)Zero Network Bridged USDC (Zero Network)Mantra Bridged USDC (Mantra)Linea Bridged USDC (Linea)Arbitrum Bridged USDC (Arbitrum Nova)Hyperlane Bridged USDC (Mantra EVM)Nomad Bridged USDC (Moonbeam)Bridged USD Coin (Force Bridge)Skale IMA Bridged USDC (Skale)Celer Bridged USDC (Filecoin)Symbiosis Bridged USDC (Bahamut)Arbitrum Bridged USDC (EDU Chain)Wormhole Bridged USDC (Fantom)Thundercore Bridged USDC (Thundercore)USDCFraxtal Bridged USDC (Fraxtal)Shido Bridged USDC (Shido)Cronos Bridged USDC (Cronos)Chainport Bridged USDC (Humanode)Superseed Bridged USDC (Superseed)Q Bridged USDC (Q Mainnet)Sanko Bridged USDC (Sanko)StarkGate Bridged USDC (Starknet)Energi Bridged USDC (Energi)Celer Bridged USDC (Oasys)Multichain Bridged USDC (Moonbeam)Binance Bridged USDC (BNB Smart Chain)Multichain Bridged USDC (Dogechain)Etherlink Bridged USDC (Etherlink)Rainbow Bridged USDC (Aurora)CCIP Bridged USDC (Ronin)Bridged USD Coin (PulseChain)Gnosis xDAI Bridged USDC (Gnosis)Polygon Hermez Bridged USDC (X Layer)SX Rollup Bridged USDC (SX Rollup)Initia Bridged USDC (Initia)Mantle Bridged USDC (Mantle)NEAR Intents Bridged USDCLayerZero Bridged USDC (Aptos)Wanchain Bridged USDC (Cardano)zkSync Bridged USDC (zkSync)Multichain Bridged USDC (Fantom)Celer Bridged USDC (Astar)Bridged USDC (Immutable zkEVM)Mode Bridged USDC (Mode)Polygon Hermez Bridged USDC (Polygon zkEVM)Synapse Bridged USDC (Elastos)Beam Bridged USDC (Beam)Bifrost Bridged USDC (Bifrost)Eclipse Bridged USDC (Eclipse)Celer Bridged USDC (Conflux)Morph L2 Bridged USDC (Morph L2)Bridged USD Coin (Scroll)Squid Bridged USDC (Saga)KCC Bridged USDC (KuCoin Community Chain)Bridged USD Coin (Manta Pacific)Taiko Bridged USDC (Taiko)Sophon Bridged USDC (Sophon)Cronos zkEVM Bridged USDC (Cronos zkEVM)Rollux Bridged USDC (Rollux)Binance-Peg CardanoCardanoBinance-Peg BUSDBUSD