Tether USD

Tether USD
USDT
Contract address
0xdac1...831ec7
Copy USDT contract address
$0.9991
$0.000258(+0.03%)Today
Market cap
184.18B
Total volume (24h)
50.17B
Volume / Market cap
0.2724
Circulating supply
184.35B
Day range (24h)
$0.9988$0.9994
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 (July 15, 2026)$0.9991+0.03%
24 hours ago (July 14, 2026)$0.9988+0.03%
1 week ago (July 8, 2026)$0.9991-0.00%
1 month ago (June 15, 2026)$0.9993-0.02%
1 year ago (July 15, 2025)$0.9999-0.08%

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USDT market moves

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24h change: +0.04%. From $0.9988 to $0.9992.

  • Tether burned approximately $2.5 billion in USDT on the Ethereum network on July 7, the largest single reduction since February 2026. The action cut circulating supply by about 1.3 percent and was driven by customer redemptions rather than a strategic move. Overall stablecoin market capitalization has fallen by $10 billion since May, with USDT declining about $6 billion to roughly $184 billion. Despite the contraction the USDT peg to the dollar has remained stable around $1.
  • Bolivian officials are evaluating a framework to integrate Tether's USDT stablecoin into the country's national payments infrastructure. Crypto usage has grown significantly since the central bank eased restrictions in 2024, with transaction volumes reaching $430 million in the following year. The potential move would treat USDT as a regulated alternative to the boliviano and U.S. dollar for payments. It signals increasing institutional acceptance of stablecoins in Latin America.
  • USDC has accounted for about 70 percent of adjusted stablecoin transaction volume in the first half of 2026 compared with roughly 25 percent for USDT. Newer regulated issuers are also gaining market share and chipping away at the dominance of the two largest stablecoins. Tether maintains the largest market capitalization but faces pressure from competitors in on-chain activity and regulatory compliance. Recent developments include Tether winding down its low-demand CNHt yuan-pegged stablecoin.

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

  • Bolivia's economy minister announced the government is reviewing a framework for USDT to circulate alongside the boliviano and US dollar in its payments infrastructure. Crypto transaction volumes rose dramatically after the central bank lifted restrictions in mid-2024, climbing from $46.5 million to $294 million in the first half of the following year. The proposal requires enhanced anti-money laundering measures while the country remains on the FATF grey list. It signals broader exploration of stablecoins for dollar access in emerging markets facing currency constraints.
  • Total stablecoin market capitalization has fallen by around $10 billion since May 2026, including a roughly $6 billion drop for Tether's USDT to approximately $184 billion. June saw the largest single-month decline since the 2022 crypto winter, though the 3 percent drop remains modest compared to the 26 percent contraction then. Smaller regulated issuers have gained share while the overall market hovers near $300 billion. Analysts describe it as a short-term liquidity adjustment after the bull run with no signs of systemic stress.
  • Tether plans to relaunch USDT as a native asset on Bitcoin using the RGB protocol in July 2026, enabling private, scalable transactions within the UTXO model rather than as a wrapped token. The integration, developed with UTEXO lab using RGB version 0.11.1, is designed to work with the Lightning Network for low-cost, near-instant transfers. This marks a major expansion beyond bridged versions on other chains like Solana. It aims to deepen USDT utility across the Bitcoin ecosystem while Tether maintains focus on core stablecoin infrastructure.

24h change: -0.02%. From $0.9993 to $0.9991.

  • Tether announced a 20 million dollar investment in a strategic financing round for Mercado Bitcoin. The funding supports expansion across tokenization, payments, credit, capital markets and regulated digital financial services in Latin America. This reflects Tether's growing involvement in onchain financial infrastructure beyond stablecoin issuance. The investment was announced on July 7 2026.
  • Revolut is phasing out USDT for European users to comply with MiCA stablecoin rules after Tether did not seek authorization. Purchases of USDT stopped on July 6 with full support ending August 31 2026. Users can transfer holdings to external wallets before the deadline or face potential conversion. This follows similar actions by other platforms and reflects broader regulatory pressure in Europe.
  • TRON announced that circulating USDT supply on its network surpassed 90 billion dollars with 74.9 million holding accounts and over 2 billion dollars in average daily transfer volume. Tether is preparing to issue native USDT on Bitcoin via the RGB protocol. Discussions emphasize demand for permissionless dollar access across multiple chains. These metrics demonstrate stablecoins' established role in global payments and settlements.

24h change: +0.02%. From $0.9991 to $0.9993.

  • The circulating supply of USDT on the TRON blockchain has surpassed $90 billion. TRON now leads all networks in year-to-date USDT transfer volume at approximately $4.2 trillion. The network processes over 12.7 million daily transactions on average and supports $23.8 billion in daily USDT transfers while maintaining the highest active wallet count for stablecoins. This growth underscores TRON's role as a key settlement layer for stablecoin activity, particularly for payments and DeFi use cases in accessible, low-cost environments.
  • Tether participated in a strategic financing round providing $20 million to Mercado Bitcoin, Latin America's leading on-chain financial services platform. The investment aims to accelerate expansion in tokenization, payments, credit, blockchain-based capital markets, and regulated digital financial services across Latin America and beyond. This move aligns with Tether's broader strategy of supporting infrastructure that increases real-world utility for USDT and related blockchain services.
  • Revolut and other platforms have begun delisting USDT for EU users to align with MiCA stablecoin rules. Tether has chosen not to pursue full registration under the new European framework at this time. This development occurs alongside Tether's launch of USAT, a US-focused compliant stablecoin, as the company balances global growth with varying regional regulatory requirements. The changes highlight ongoing evolution in how stablecoins navigate compliance across jurisdictions.

24h change: -0.02%. From $0.9993 to $0.9991.

  • TRON DAO announced that the circulating supply of USDT on its blockchain exceeded 90 billion dollars as of July 2026. The network leads all blockchains in USDT transfer volume with 4.2 trillion dollars recorded year to date. This milestone reflects sustained demand for low cost stablecoin transfers particularly in emerging markets and DeFi activity.
  • Revolut announced it will phase out USDT support for EU users by August 2026 to comply with MiCA stablecoin rules. Tether has not secured full e money token authorization under the framework. The change limits access in Europe while USDT retains strong usage in other regions and on global blockchains.
  • Adjusted stablecoin transaction volume reached a record 1.79 trillion dollars in June 2026. Circle's USDC accounted for roughly 70 percent of this volume in the first half of the year compared to about 25 percent for USDT. Tether maintains leadership in overall market capitalization and specific ecosystems such as TRON.

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