Tether USD

Tether USD
USDT
Contract address
0xdac1...831ec7
Copy USDT contract address
$1.00
$0.00007833(+0.01%)Today
Market cap
186.64B
Total volume (24h)
111.30B
Volume / Market cap
0.5963
Circulating supply
186.61B
Day range (24h)
$1.00$1.00
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 (April 18, 2026)$1.00+0.01%
24 hours ago (April 17, 2026)$0.9999+0.01%
1 week ago (April 11, 2026)$1.00-0.01%
1 month ago (March 19, 2026)$0.9998+0.02%
1 year ago (April 18, 2025)$0.9998+0.02%

Calculator

USDT market moves

AI summary for information only. Not financial advice.


24h change: +0.01%. From $0.9999 to $1.00.

  • Tether is contributing up to $127.5 million as part of a nearly $150 million collaboration with partners including the Solana Foundation to support Drift Protocol's user recovery after a $270 million exploit. Drift plans to relaunch exclusively using USDT, phasing out USDC. This move strengthens USDT's position on Solana and aids ecosystem recovery.
  • Tether debuted , a self-custodial app allowing users to hold and send USDT, Bitcoin, tokenized gold, and other assets across blockchains. It features human-readable usernames for easy transfers without addresses. The wallet targets billions underserved by traditional finance with borderless digital dollar access.
  • Tether froze 3.29 million USDT linked to hackers in the rhea_finance exploit on Near protocol. This demonstrates Tether's active role in combating illicit use of its stablecoin. Such actions enhance trust and security in the ecosystem.

24h change: -0.00%. From $1.00 to $1.00.

  • Tether and partners commit up to $150 million, including $127.5 million from Tether, to help Drift Protocol recover from a $285 million exploit and relaunch with USDT as the settlement stablecoin on Solana. The plan includes a revenue-linked credit facility, ecosystem grants, and market maker loans to prioritize user recovery. This move strengthens USDT's role in Solana's DeFi ecosystem.
  • Tether Investments participates in a $134 million financing for NYSE-listed Stablecoin Development Corporation to build stablecoin infrastructure for payments, transfers, and cross-platform liquidity. Backers include Framework Ventures and others. This expands stablecoins into mainstream public markets.

24h change: -0.01%. From $1.00 to $1.00.

  • Tether introduced , enabling users to store and transfer USDT, Bitcoin, and tokenized gold across multiple blockchains in a self-custodial manner. The wallet uses email-like addresses for simplicity and targets users underserved by traditional finance. This move extends Tether's infrastructure to hundreds of millions directly.
  • Tether purchased additional Bitcoin worth about $70 million, increasing holdings to over 97,000 BTC valued at more than $7 billion. This continues its strategy of allocating profits to Bitcoin purchases. The accumulation bolsters Tether's treasury diversification.
  • Tether Investments joined a $134 million funding round for Stablecoin Development Corporation, a public company advancing stablecoin access in public markets. Participants include Framework Ventures and others. This supports mainstream adoption of stablecoin infrastructure.

24h change: +0.00%. From $1.00 to $1.00.

  • Tether released , a self-custodial app for USDT, Bitcoin, USAT, and tokenized gold (XAUT) on chains including Ethereum, Tron, Solana, and Bitcoin Lightning. Users maintain control of private keys and can pay fees with USDT. This targets users excluded from traditional banking by simplifying access to stablecoins and other assets.
  • USDT market cap on the Tron network surpassed $85 billion in Q1 2026, holding over 46% of total USDT supply despite a global contraction. This underscores Tron's efficiency for low-cost transfers. Tron continues to dominate USDT circulation among blockchains.

24h change: +0.01%. From $0.9999 to $1.00.

  • Tether selected KPMG for a comprehensive audit of its $185 billion USDT reserves and engaged PwC for internal controls as part of U.S. expansion efforts. This addresses persistent questions on reserve backing and transparency. The audit is slated for completion by the end of 2026.
  • Tether's USDT supply fell by roughly $3 billion in the first quarter of 2026, its first quarterly net contraction since 2022. This occurred as the total stablecoin market supply hit $315 billion with USDC gaining ground. The decline follows earlier expansion phases.
  • Tether's QVAC team announced the launch of the QVAC SDK on April 9, 2026, an open-source cross-platform development kit. This initiative highlights Tether's push into advanced technology integrations. It supports broader ecosystem developments.

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