Tether USD

Tether USD
USDT
Contract address
0xdac1...831ec7
Copy USDT contract address
$0.9994
-$0.000191(-0.02%)Today
Market cap
184.11B
Total volume (24h)
70.39B
Volume / Market cap
0.3824
Circulating supply
184.22B
Day range (24h)
$0.9993$0.9996
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 (March 27, 2026)$0.9994-0.02%
24 hours ago (March 26, 2026)$0.9996-0.02%
1 week ago (March 20, 2026)$0.9999-0.05%
1 month ago (February 25, 2026)$0.9999-0.05%
1 year ago (March 27, 2025)$1.00-0.08%

Calculator

USDT market moves

AI summary for information only. Not financial advice.


24h change: -0.03%. From $0.9997 to $0.9994.

  • Tether announced hiring a Big Four firm to conduct the first full independent audit of USDT reserves. The audit will examine assets backing the $184 billion supply to ensure full coverage and liquidity. This enhances transparency during regulatory scrutiny and pauses Tether's fundraising plans
  • A new draft of the Clarity Act could ban passive yield on stablecoins like USDC, causing Circle shares to plunge 20%. The bill aims to regulate stablecoin rewards amid U.S. legislative pushes. Tether proceeds with its independent audit amid the developments
  • Tether's USDT0 omnichain protocol launched on Tempo, a payments blockchain, enabling bridge-free USDT liquidity. This follows integrations on Hedera and BNB Chain. Expansions support growing ecosystem demand for unified stablecoin access

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