Tether USD

Tether USD
USDT
Contract address
0xdac1...831ec7
Copy USDT contract address
$0.999
-$0.00008482(-0.01%)Today
Market cap
186.26B
Total volume (24h)
35.69B
Volume / Market cap
0.1916
Circulating supply
186.44B
Day range (24h)
$0.9989$0.9993
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 (June 20, 2026)$0.999-0.01%
24 hours ago (June 19, 2026)$0.9991-0.01%
1 week ago (June 13, 2026)$0.9995-0.05%
1 month ago (May 21, 2026)$0.999+0.01%
1 year ago (June 20, 2025)$1.00-0.10%

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USDT market moves

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24h change: +0.02%. From $0.9989 to $0.9991.

  • Tether announced it is phasing out the Alloy by Tether platform and its associated aUSDT, a gold-overcollateralized stablecoin launched two years ago. The decision follows a review of low user activity, limited market demand, and the product's small market capitalization. Holders can redeem aUSDT for underlying XAUT collateral through an orderly process ending on September 17, 2026. This allows Tether to concentrate resources on its core USDT product, which maintains dominant liquidity and on-chain usage.
  • Tether entered a memorandum of understanding with the Dubai Multi Commodities Centre to collaborate on blockchain education, asset tokenization, and digital asset infrastructure. The partnership targets workshops, pilots, and payment innovations within DMCC's free zone, which hosts thousands of companies. It underscores Tether's strategy to deepen presence in key international hubs for crypto and trade finance beyond its stablecoin operations.
  • Several major exchanges including Binance, Coinbase, and Kraken have begun limiting USDT availability for European users in preparation for full MiCA stablecoin rules. Tether has stated it does not plan to seek a MiCA license for its primary USDT and is instead supporting compliant variants through partners. This development highlights ongoing regulatory divergence for the stablecoin in the European Economic Area while USDT maintains strong global usage elsewhere.

24h change: -0.00%. From $0.9989 to $0.9989.

  • Major platforms including Binance, Coinbase, Kraken and Crypto.com have started limiting USDT for EU users. Tether did not pursue MiCA licensing for its stablecoin. The transitional period ends July 1 2026, potentially shifting activity toward compliant alternatives such as USDC. This reflects broader regulatory pressure on non-compliant offshore stablecoins in Europe.
  • Tether signed a memorandum of understanding with the Dubai Multi Commodities Centre. The agreement targets blockchain education, asset tokenization and innovation projects in Dubai. It occurs as the company navigates regulatory shifts in Europe and increases focus on growth markets. The partnership extends Tether's activities beyond stablecoin issuance into real-world infrastructure.
  • Tether announced the planned wind-down of Alloy by Tether and its gold-backed aUSD stablecoin. The move follows an internal review of user activity, market demand and strategic priorities. Users received updates on the changes and how they affect positions. This allows greater focus on core USDT operations, new investments such as robotics and regional expansion.

24h change: +0.01%. From $0.9993 to $0.9994.

  • Tether signed a memorandum of understanding with the Dubai Multi Commodities Centre on June 16, 2026. The partnership focuses on blockchain education, real-world asset tokenization, and innovation initiatives in Dubai. It extends Tether's strategy of deepening USDT integration into traditional commerce and finance hubs. The move matters as it supports broader adoption of stablecoins and tokenized assets in a key international trading center.
  • Tether is leading a Series C financing round of up to $1.4 billion in NEURA Robotics announced on June 10, 2026. The deal includes integration of Tether's open-source Wallet Development Kit for self-custodial functionality in robots and on-device AI runtime. This positions Tether at the intersection of crypto, robotics, and the emerging machine economy. It reflects the company's expansion beyond stablecoin issuance into physical AI and tokenized ecosystems.
  • For a few hours in mid-June 2026, Tether's USDT stablecoin had a higher market value than Ether. With USDT's market cap near $187 billion at the time, the event was short-lived but highlighted stablecoins' growing scale. It serves as an indicator of USDT's central role in providing crypto liquidity amid fluctuating values of other major assets. Analysts view it as a symbolic milestone for the maturing stablecoin sector.

24h change: -0.04%. From $0.9988 to $0.9985.

  • Tether and the government of Georgia announced plans for GEL₮, a stablecoin that digitally represents the Georgian lari. The initiative operates under Georgia’s new digital asset regulatory framework and aims to enable lower transaction costs, near-instant settlement, and programmable payments. This marks an early example of sovereign collaboration on national currency tokenization and could expand stablecoin use beyond crypto trading into everyday payments and remittances. Details on issuance, reserves, redemption, and rollout timeline will follow.
  • Tether posted approximately $1.04 billion in net profit for Q1 2026 despite volatile markets. Its excess reserve buffer reached an all-time high of $8.23 billion, with total assets around $192 billion against USDT liabilities. The majority of reserves remain in US Treasuries, positioning Tether as one of the largest holders globally. The attestation was prepared by BDO, and a full KPMG audit has commenced.
  • USDT’s circulating supply increased by more than $5 billion recently, reaching approximately $189.7 billion and maintaining roughly 60 percent of the stablecoin market. Competing tokens including USDC, USDe, and PYUSD saw a combined net decline of $4.2 billion over the same period. This reinforces USDT’s dominance in liquidity provision, especially on chains like Tron and Ethereum, and in offshore dollar settlement use cases.

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