Tether
USDTWhat is The CoinDesk 20?
The CoinDesk 20 filters from the larger universe of thousands of cryptocurrencies and digital assets to define a core group of 20.
These assets constitute roughly 99% of the market by volume at eight of the largest and most trustworthy exchanges.
Price
$1.00
24 Hour % Change
-0.10%
Market Cap
$25.48B
Volume (24h)
$83.16B
USD
Linear
Log
to
Key metrics
24 Hour Low
$0.999803
24 Hour High
$1.00
Net change
$-0.000998
24 Hour Open
$1.00
All time high
$1.32
Total Supply
25.46B
Returns (24H)
-0.10%
Returns (YTD)
-0.00%
Volatility (30d)
0.04
Transaction Count (24h)
3,876
Average Transaction Fee (24h)
n/a
Value Transacted (24h)
$40.25M
About Tether
Category
Stablecoin
Value proposition
Digital fiat
Tether was one of the first cryptocurrencies to peg its market value to a fiat currency. Launched in July 2014, Tether, originally called “Realcoin”, valued each token at $1.00 to reduce the friction of moving real currency throughout the cryptocurrency ecosystem. Due to its dollar peg, Tether and other similar cryptocurrencies have been dubbed “stablecoins”. Tether is the largest stablecoin by market capitalization and its users can redeem tethers for dollars. Originally, Tether launched on Bitcoin’s Omni Layer, but continues to expand to other protocols, including Ethereum, Bitcoin Cash, TRON, EOS, and Liquid Network. Note: the market cap figure shown here counts only supply on Ethereum
Tether price page is part of The CoinDesk 20 that features price history, price ticker, market cap and live charts for the top cryptocurrencies.
Disclaimer
Any data, text or other content on this page is provided as general market information and not as investment advice. Past performance is not necessarily an indicator of future results. CoinDesk is an independently managed media company, wholly owned by the Digital Currency Group, which invests in cryptocurrencies and blockchain startups. DCG has no operational input into the selection or curation of CoinDesk content in all its forms.
Foundations - Consensus: Distributed
May 13, 2020
May 13, 2020
Bitcoin crumbles even as good news rolls in
Jan 21, 2021
The new presidential administration has brought with it a freeze on what had been a last-minute bit of rule-making by the outgoing Treasury Secretary Steven Mnuchin. The proposal by Mnuchin and team would have put a bit more of a regulatory squeeze on crypto by requiring exchanges to extract detailed
Blockchain Bites: Coinbase Wants to Crowdsource Asset Listings; What’s Up With Tether’s Bank?
Jan 15, 2021
Deltec invested some clients' funds in bitcoin, but not Tether's, the bank confirms. So what exactly is backing tether?
Deltec Bank & Trust announced it had invested customer funds in bitcoin since the cryptocurrency's price was around $9,300.
Tether Mints Record 2B USDT in One Week
Jan 11, 2021
The previous record of 1.5 billion USDT was set the week before last.
Hermez Network sets out to provide faster and cheaper transactions on Ethereum.
What Are Stablecoins?
Dec 29, 2020
A stablecoin is a type of cryptocurrency whose value is tied to an outside asset, such as the U.S. dollar or gold, to stabilize the price.
New York Attorney General Says Bitfinex, Tether Could Complete Loan Document Handover in ‘Weeks’
Dec 11, 2020
The NYAG has said Tether and Bitfinex have been cooperating in its inquiry, which is expected to progress more quickly once the documents are provided.
