Tether USD

Tether USD
USDT
Contract address
0xdac1...831ec7
Copy USDT contract address
$0.9998
$0.00(0.00%)Today
Market cap
183.19B
Total volume (24h)
95.13B
Volume / Market cap
0.5193
Circulating supply
183.23B
Day range (24h)
$0.9996$0.9999
All-time low
$0.5725
All-time high
$1.32

About Tether USD (USDT)

Tether, aka USDT, is a fiat-backed stablecoin designed to maintain a value of 1 USD. USDT offers a way to transact and store value in a stable digital currency. Stablecoins are usually pegged to a traditional asset like the U.S. dollar or the Euro. Cryptocurrencies, like Bitcoin or Ethereum, can change in price significantly. However a stablecoin aims to stay affixed in value. One stablecoin typically equals one unit of the asset it represents. For example, $1 USD equals 1 USDC.

Many stablecoins achieve price stability by being backed by reserves, such as cash or short-term government bonds, or by using algorithms to balance supply and demand. This makes them useful for sending money, trading, or participating in DeFi protocols without worrying about large fluctuations in value. Stablecoins are widely used for payments, savings, and as a bridge between traditional finance (TradFi) and decentralized finance (DeFi).

You can use USDT to trade and transact digital currencies, as well as participate in blockchain networks such as Ethereum, Solana, and more. USDT is an ERC-20 (and multi-chain compatible) token that is said to be fully backed by reserves, including cash and cash equivalents. Tether claims that USDT is fully backed by reserves, which may include cash, cash equivalents, and other assets. This means that for every 1 USDT issued, Tether asserts that it holds $1 USD or an equivalent asset in reserve. Unlike cryptocurrencies that use mining or staking to validate transactions, USDT is issued by approved entities who manage its reserves.

USDT is beneficial to crypto networks because it increases accessibility, liquidity, and interoperability. With USDT, users can transact with a price-stable asset across multiple blockchain ecosystems. You can redeem your USDT for U.S. dollars at any time through approved partners.

Today, USDT is one of the world’s largest and most widely used stablecoins, trusted for payments, trading, DeFi, and more.

Price history

Today (August 22, 2026)$0.99980.00%
24 hours ago (August 21, 2026)$0.000.00%
1 week ago (August 15, 2026)$0.9988+0.10%
1 month ago (July 23, 2026)$0.000.00%
1 year ago (August 22, 2025)$0.000.00%

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USDT market moves

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24h change: 0.00%. From $0.9996 to $0.9996.

  • KPMG issued an unqualified opinion on Tether International's 2025 financial statements. This represents the first time a Big Four firm has performed a full independent audit for the issuer of the largest stablecoin. Reserves exceeded liabilities by $6.8 billion at year-end 2025 according to the audit, with later attestations showing a continued but reduced cushion. The milestone addresses years of calls for greater transparency while Tether navigates evolving global regulations.
  • Tether is preparing to issue USDT natively on Bitcoin using the RGB protocol version 0.11.1 in partnership with UTEXO. The launch returns the stablecoin to the network where it originally launched in 2014, enabling improved privacy, native addresses, and Lightning Network compatibility without bridges or wrappers. This technical development could expand USDT utility within the Bitcoin ecosystem and support broader institutional adoption.
  • The GENIUS Act has passed its first anniversary with Tether's USDT facing a two-year compliance window for U.S. platforms. Significant changes to operations and reserves may be required to meet emerging U.S. stablecoin standards. Non-compliance could result in delisting from American crypto exchanges. This reflects continued regulatory focus on the dominant stablecoin despite its global usage.

24h change: 0.00%. From $0.9996 to $0.9996.

  • KPMG US issued an unqualified audit opinion on Tether's 2025 financial statements. This marks the first time the issuer of USDT has undergone a comprehensive independent audit of this scope by a Big Four firm. The audit verified that reserves backing the stablecoin exceed liabilities by several billion dollars at year end. It addresses years of calls for enhanced transparency around the reserves of the largest stablecoin by market capitalization.
  • Tether is partnering to bring institutional tokenization to Saudi Arabia, beginning with real estate assets. The initiative is part of broader plans to tokenize additional asset classes and advance its role in traditional finance. It follows Tether's growth in stablecoin issuance and other infrastructure projects. This reflects increasing institutional interest in blockchain-based assets in key markets.
  • Upcoming US stablecoin standards could require significant changes for Tether to keep USDT available on American platforms by 2028. The legislation emphasizes robust transparency, audits, and reporting that may differ from Tether's current practices. USDT remains dominant globally but its position in US markets could be affected. This highlights ongoing regulatory evolution for stablecoins.

24h change: 0.00%. From $0.9996 to $0.9996.

  • KPMG US issued an unqualified audit opinion on Tether International's 2025 financial statements. This marks the first time the company has undergone a full independent financial audit of this scope. Reserves exceeded liabilities by $6.814 billion at year end 2025 according to the statements. The audit enhances transparency for the issuer of the largest stablecoin by market capitalization.
  • Tether generated $1.5 billion in net operating profit for Q2 2026, up nearly 50 percent from Q1. The company maintained a $4.11 billion reserve buffer as of June 30 with gold holdings exceeding 146 tons. USDT issuance reached approximately $184.6 billion during the period with the majority of reserves in short term US Treasuries and similar liquid assets.
  • The GENIUS Act establishes a regulatory framework for stablecoins in the United States with a compliance safe harbor ending in 2028. Tether has launched a separate USAT stablecoin designed for US compliance through Anchorage Digital while maintaining global USDT. Recent Treasury proposals and the approaching deadlines are prompting discussions about foreign issuer reciprocity and potential platform restrictions.

24h change: 0.00%. From $0.9994 to $0.9994.

  • Tether announced that KPMG US completed a full independent audit of its 2025 financial statements and issued an unqualified opinion. The audit verified that reserves exceeded liabilities by 6.814 billion dollars at year end, included testing of transactions, systems, valuations, and a physical count of gold bars. This goes beyond previous quarterly attestations by BDO and addresses long-standing questions about transparency for the issuer of the dominant stablecoin. The development appears across multiple reports in mid-August 2026.
  • The KPMG audit covered 2025 results showing a 6.814 billion dollar excess of reserves over liabilities. Tether's more recent BDO attestation for June 30 2026 reported the buffer at 4.11 billion dollars. Reports note this 40 percent decline over six months while USDT supply remains near 183 billion dollars. The attestations and audit provide ongoing visibility into reserves backing the tokens in your wallet.
  • Recent reports highlight USDT availability expanding beyond pure crypto platforms. Cash App users can now purchase USDT alongside other assets through integrations. This occurs alongside Tether's earlier launch of a US-focused stablecoin and tokenization efforts in markets like Saudi Arabia. USDT remains the most widely used stablecoin for trading, payments, and liquidity across ecosystems.

24h change: 0.00%. From $0.9992 to $0.9992.

  • KPMG US performed a full independent audit of Tether International's 2025 financial statements and issued an unqualified opinion, the strongest form of audit confirmation. Reserves exceeded liabilities by $6.814 billion at year-end 2025, with physical verification of gold bars among the procedures. This addresses long-standing calls for greater transparency from the issuer of the largest stablecoin by market share. The development matters because it strengthens credibility for USDT, which powers much of crypto trading and transfers.
  • Tether reported $1.5 billion in net operating profit for Q2 2026 while its excess reserve buffer fell to $4.11 billion from over $8 billion previously. USDT issuance grew modestly during the period and gold holdings expanded. The audit and quarterly attestations continue to show assets covering liabilities with a buffer. This matters for users because the reserve cushion provides a backstop for the USDT peg during redemptions or market stress.
  • Tether's Hadron platform formed a strategic collaboration to tokenize institutional real estate assets in Saudi Arabia with local partners. This builds on broader tokenization initiatives and follows growth in Tether Gold holdings. The move extends Tether's reach beyond stablecoins into traditional asset tokenization. It matters as it signals increasing integration of blockchain with regulated financial infrastructure in major markets.

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