Tether price

in USD
$1.0002
+$0.000060000 (+0.00%)
USD
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Market cap
$164.44B
Circulating supply
164.34B / 164.34B
All-time high
$1.0130
24h volume
$89.61B
4.1 / 5
USDTUSDT
USDUSD

About Tether

USDT, also known as Tether, is a type of cryptocurrency called a stablecoin. Unlike other cryptocurrencies that can have highly unpredictable price swings, USDT is designed to maintain a stable value by being tied to the US dollar. For every USDT token, there is an equivalent value in reserves, making it a reliable option for those who want to avoid market volatility. USDT is widely used for transferring money quickly across borders, trading on cryptocurrency exchanges, and as a safe place to store value during uncertain market conditions. Its stability and ease of use make it a popular choice for both beginners and experienced traders looking for a dependable digital asset in the fast-moving world of crypto.
AI-generated
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Last audit: Apr 1, 2019, (UTC+8)

Tether’s price performance

Past year
--
$0.00
3 months
+0.02%
$1.00
30 days
+0.00%
$1.00
7 days
+0.03%
$1.00

Tether on socials

BIN哥的₿圈剧本|BIN哥社区
BIN哥的₿圈剧本|BIN哥社区
#ETH Ethereum is performing as expected, having directly broken through the important 4-hour Bollinger upper band resistance level under multiple positive stimuli. It has now reached over 3900, very close to 4000. - The next resistance levels are around 4020 for the deep add pattern and around 4300 for the crab pattern. If Ethereum holds without a deep pullback, the weekend will be an opportunity for altcoins. Prepare your positions with protection and hold on, as opportunities are fleeting, and you definitely don't want to miss out. - The community has already arranged for multiple altcoins to enter yesterday. If Twitter followers haven't started positioning yet, feel free to leave a message about which altcoins you are considering entering, and I can help analyze potential stop-loss and target levels.
100y.eth
100y.eth
How does Stable enable free USDT transfers? @stable is building a digital nation for USDT, offering a wide range of USDT native features, and also delivering end-to-end scalability optimizations across RPC, Consensus, Execution, and DB. Among the USDT-specific features, the most notable is free USDT transfers. But how does Stable actually make this possible? "The secret lies in ERC-4337 and EIP-7702." [ERC-4337] ERC-4337 is the leading account abstraction standard in the Ethereum ecosystem. It implements account abstraction without changing the core Ethereum protocol by introducing: - EntryPoint - Bundler - Paymaster In ERC-4337, users sign a separate object called a UserOp instead of a traditional transaction, and send it to a dedicated off-chain mempool (UserOperation mempool) rather than Ethereum’s public mempool. While traditional mempool transactions are validated by validators, in ERC-4337 Bundlers validate UserOps from users, package them into a single bundle transaction, and send it to the EntryPoint smart contract. The EntryPoint is the core contract of ERC-4337. It verifies and executes UserOps, and processes gas settlement in one step. Here, the Paymaster can be optionally used — a smart contract that pays gas fees on behalf of the user or allows fees to be paid in an alternative token. If a UserOp specifies a Paymaster and includes the required extra data, the EntryPoint will process it so the user either pays no gas fee or can settle the fee in another token. [EIP-7702] Although ERC-4337 introduced an innovative account abstraction standard, it faced adoption challenges. A key issue was that to use account abstraction, end-users had to transfer funds from their existing EOA to a newly created CA. This added friction to the user experience and slowed widespread adoption. EIP-7702 solves this. Introduced with the Ethereum Pectra upgrade, it allows an EOA to temporarily act like a CA. This means users can keep their existing EOA address and UX while immediately using account abstraction features like ERC-4337. To make this possible, EIP-7702 introduces a new transaction type. In addition to regular transaction fields, it includes an authorization_list, which contains signatures approving which contract code can be temporarily delegated to the account. This signature essentially says, “I allow my EOA to temporarily run the code from this smart contract address.” When the EOA executes the transaction, the delegated smart contract logic runs. After the transaction completes, the delegation is automatically revoked, and the EOA returns to its original state. [Gas-free USDT Transfer] By combining ERC-4337 and EIP-7702, Stable’s secret recipe is complete: 1. The user signs a USDT transfer transaction from an account enabled with EIP-7702. 2. The signed UserOp is sent to the Bundler network. 3. The Bundler includes the transaction in a bundle and sends it to the EntryPoint, coordinating with the Paymaster to prepare gas payment. 4. The Paymaster covers the gas cost for executing the transaction, and the EntryPoint executes it — resulting in a completely free USDT transfer for the user. Additionally, Stable enables users to pay gas fees in USDT through ERC-4337 and EIP-7702.
ChainCatcher 链捕手
ChainCatcher 链捕手
The ambition of "trading global assets with one account": CoinUp.io How to break through asset barriers and become a dark horse in the industry?
Author: momo, ChainCatcher   Exchanges such as Robinhood and Kraken have successively entered the "tokenization of US stocks", setting off a new wave of currency and stock integration. Coinbase has gone a step further, with its CEO Brian Armstrong recently announcing plans to move all assets such as stocks, derivatives, and prediction markets to the chain for trading, creating an "exchange that trades everything." Traditional and crypto finance are blurring the lines. However, long before the rise of this wave of integration, the crypto derivatives exchange CoinUp.io put forward the vision of "one account to trade global crypto and financial products" at the beginning of its establishment in 2021, and took the lead in launching a variety of traditional financial products such as foreign exchange and stocks in September last year, becoming one of the first exchanges to explore the RWA track. With the advance layout of RWA and the dividends of the derivatives track, CoinUp.io has maintained a strong growth trend this year, and its derivatives and spot trading volume are rapidly rising on CoinMarketCap, becoming a new dark horse in the exchange track this year. Break through asset barriers and start a "one-stop" trading revolution CoinUp.io founder, Queenie Li, comes from a traditional financial background and has many years of experience in derivatives trading. In 2021, when Queenie Li founded a crypto exchange CoinUp.io, years of experience dealing with financial users told her that investors need not a single investment platform, but the same platform to diversify asset allocation. At the same time, she knows that in mature financial markets, derivatives trading volume can reach 6-8 times that of spot, which is the future growth engine. Therefore, when most exchanges are still fighting in the spot track, CoinUp.io decisively chooses a differentiated path and focuses on building a comprehensive trading platform for diversified derivatives. This strategic vision has quickly been validated by the market: in 2024, Bitcoin spot ETFs will detonate a bull market, with the average daily trading volume of crypto derivatives exceeding the $100 billion mark, surpassing the spot market; When institutions collectively poured into the currency and stock integration track this year, the core value of "trading global assets with one account" was released CoinUp.io undertaking massive demand. Its accurate grasp of the integration trend of derivatives dividends and financial markets has helped CoinUp.io achieve a strong breakthrough. Tens of millions of users endorse it, accumulating and becoming a dark horse in the industry After four years of development, CoinUp.io has built a complete ecosystem connecting global Web2 and Web3, becoming one of the most noteworthy exchange dark horses this year. The platform not only supports mainstream cryptocurrency trading but also connects to traditional financial assets such as forex, stocks, commodities, and indices. Through the USDT unified settlement mechanism, investors can seamlessly switch investment targets: after trading Bitcoin, they can immediately invest in technology stocks such as Nvidia or the foreign exchange market, achieving 24-hour uninterrupted allocation of global assets. With its differentiated strategy and refining product architecture, user experience, risk control mechanism and other aspects, CoinUp.io has become a super connector between global digital assets and users: The number of listed coins is 1000+, basically covering all mainstream assets and popular assets in the community. The global number of users exceeded 10 million, covering more than 200 countries and regions around the world, and established regional characteristic strategies; Derivatives and spot trading volume climbed to 29 and 43 respectively on CMC, showing strong growth momentum. It has disclosed more than US$500 million in reserves on CoinMarketCap to ensure the safety of users' assets with a transparent mechanism. Establish a global compliance system to meet the regulatory requirements of major markets and demonstrate stable operational capabilities. It is worth mentioning that CoinUp.io recently issued the platform currency CP four years after its establishment, which is much later than industry practice. Founder Queenie Li emphasized in a post on the X platform that the platform adheres to long-termism, so it will launch CP only after the infrastructure is stable and the token model is polished and mature to ensure that users share growth dividends and benefits. Based on a solid ecological foundation and CP's value capture capabilities, CP exceeded $1 within two weeks of its launch, an increase of more than 34 times from the opening price, and the total market value exceeded $1 billion. Go beyond trading and build a "CEX + public chain" dual-engine financial ecosystem In addition to firm bets on RWA and derivatives, CoinUp.io also officially launched the public chain CP Chain recently, fully launching the on-chain ecological strategy. The launch of CP Chain marks a key step in CoinUp.io's transformation from a centralized exchange to a comprehensive Web3 financial ecosystem. In the past year or two, from the exchange wallet war to the sudden rise of Hyperliquid, the on-chain expansion of centralized exchanges has reached a critical window period. However, the current competitive landscape of the on-chain ecosystem of exchanges has not yet been fully solidified, and even leading exchanges such as Binance and OKX are exploring in the early stages, which provides opportunities for emerging players such as CoinUp.io to break through. CP Chain not only carries CoinUp.io grand vision of "trading global assets with one account", but also builds a financial closed loop that empowers CEX and public chain ecosystems through in-depth collaboration with exchanges. Empowering CEX Users: CP Chain attracts developers with high performance and low fees, enriches on-chain applications (such as DeFi), and enhances trading experience and user stickiness. Feeding back the public chain ecosystem: CoinUp.io a huge user base, abundant liquidity, and brand effect to inject strong vitality into CP Chain and accelerate ecological prosperity. The CP token serves as a connector that runs through the exchange and on-chain ecosystem, allowing users to not only enjoy more trading discounts but also participate in on-chain ecosystems such as DeFi and on-chain governance to obtain additional benefits. This collaborative model of "CEX+public chain" not only consolidates CoinUp.io's trading fundamentals, but also opens up a second growth space for on-chain finance. The ecosystem has been fully upgraded, aiming at the world's top 10 exchanges CoinUp.io has achieved several milestones with a differentiated strategy and solid platform infrastructure. At the historic intersection of crypto and traditional finance, CoinUp.io also plans to launch a comprehensive ecosystem upgrade. Queenie Li said that CoinUp.io's next goal is to become one of the world's top 10 cryptocurrency exchanges, competing with leading exchanges such as Binance and Coinbase. At the end of September this year, CoinUp.io is expected to complete a comprehensive product upgrade and rebranding to provide users with a safe, efficient and diversified new trading experience. At the same time, the CoinUp.io plan will further promote the global compliance layout to adapt to the regulatory needs of core regions and attract a larger user base. To support the global vision, CoinUp.io will also expand its team to include blockchain, AI and compliance experts, establish a regional strategy, accurately capture regional needs, and achieve sustained growth. According to Queenie Li, in order to further enhance the platform's compliance and transparency and influence in the global financial market, CoinUp.io is also exploring plans to list in the United States. From the perspective of long-term development, the encryption integration of traditional finance and crypto finance provides a very high ceiling for the development of CoinUp.io. The Boston Consulting Group predicts that the global RWA market will exceed $16 trillion by 2030. CoinUp.io has a first-mover advantage in its RWA strategy, and its team brings together elites from traditional financial giants such as Goldman Sachs and JPMorgan Chase, providing a long-term advantage for building a technologically sound, compliant and secure diversified financial ecosystem. With the continuous upgrading of the ecosystem, CoinUp.io is expected to achieve a leap from a "trading platform" to a "global comprehensive financial ecosystem".

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Tether FAQ

Stablecoins are cryptocurrencies designed to have a fixed price by having their value pegged to some cryptocurrency, commodity, fiat currency, or financial instrument or by utilizing an arbitrage system.

USDT is a stablecoin pegged to the value of the US dollar. It was launched in 2014 to facilitate the transfer of fiat currencies on the blockchain. USDT is also the largest stablecoin after USD Coin (USDC). Tether is issued by Tether Limited, a company based in Hong Kong, and operates on blockchain networks, including Bitcoin, Ethereum, and Tron. Each USDT token represents one US dollar held in reserve by Tether Limited.

USDT provides a stable and secure way to store and transfer value on the blockchain. As a stablecoin, its value is pegged to the US Dollar, which makes it less volatile than other cryptocurrencies. This stability makes it a popular choice for traders who want to minimize their exposure to cryptocurrency market fluctuations.

Another good reason to buy Tether is its wide acceptance among cryptocurrency exchanges, which makes it a convenient way to move funds between different trading platforms. However, like most digital assets, cryptocurrency is deemed high-risk and prone to sharp price changes and volatility. Therefore, always DYOR before making any financial decisions.

While it’s challenging to predict the exact future price of USDT, you can combine various methods like technical analysis, market trends, and historical data to make informed decisions.
The current price of USDT today is constantly changing and can be checked in real-time on our platform. Visit our price page for the most up-to-date information.
Currently, one Tether is worth $1.0002. For answers and insight into Tether's price action, you're in the right place. Explore the latest Tether charts and trade responsibly with OKX.
Cryptocurrencies, such as Tether, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Tether have been created as well.
Check out our Tether price prediction page to forecast future prices and determine your price targets.

Dive deeper into Tether

Tether (USDT) is the world's first and most widely used stablecoin and the third-largest cryptocurrency by market cap. USDT is an Ethereum-based, asset-backed, stablecoin pegged to the US dollar. Hence, Tether's value is meant to remain consistently close to 1 USD.

Initially called Realcoin, Tether was launched in 2014 by Reeve Collins, Craig Sellars, and Brock Pierce. USDT tokens are issued by Tether Limited, a company controlled by Bitfinex, and can theoretically be redeemed at any time for an equivalent amount.

How does Tether work

Tether was initially built on top of the Bitcoin blockchain, but its network has now been expanded to run on over ten different blockchain protocols, including Ethereum (ETH), Tron (TRX), and Solana (SOL). Tether was also launched on the Omni layer, a platform for creating and trading assets on the Bitcoin network.

USDT can be minted or destroyed by its issuing company Tether Limited, and more importantly, be quickly and cheaply transferred to individuals over any supporting blockchain network. Whenever new USDT tokens are issued, Tether is meant to allocate the corresponding USD amount to its reserves, in order to ensure that USDT remains fully backed by cash and cash equivalents.

What is Tether used for?

USDT has become popular for trading across major exchanges due to its ease of use and wide acceptance. In most cases, users can also conveniently move their holdings between their Web3 wallets and exchanges.

Tether can also be used to gain some level of exposure to the US dollar. Tether Limited publishes a daily report on the value of its reserves and has quarterly assurance opinions issued by external accountants.

USDT developments

In an updated statement, Tether revealed that USDT tokens are no longer backed entirely by US dollar deposits. Instead, Tether is allegedly backed by reserves, including traditional currency, cash equivalents, short-term deposits, commercial papers, US treasury bills, corporate bonds, secured loans, precious metals, corporate funds, and more.

In January 2021, Tether Limited minted a record 2 billion USDT tokens in a single week. This came during tremendous growth in the crypto markets. The growing interest in USDT was due to several reasons, including an increasing lack of trust in the traditional financial system and rising institutional interest in cryptocurrencies.

In November 2021, USDT launched on the Avalanche platform. Avalanche, launched in 2020, is one of the blockchain industry's fastest and cheapest-to-use smart contracts platforms. The Avalanche-native USDT was first supported by Bitfinex and was said to offer cheaper and quicker USDT transactions.

In April 2022, USDT support was added for the blockchain network Kusama making Kusama the tenth network to support the asset-backed stablecoin. This represented a milestone for Kusama and an especially significant one for USDT. Kusama is a decentralized network of specialized, parallel blockchains closely related to the much more extensive Polkadot network and is often referred to as Polkadot's Canary network.

In May 2022, USDT was launched on the Polygon network. Polygon is an Ethereum scaling solution, also known as a sidechain or Layer-2 network, known for charging significantly lower transaction fees and being faster than its main network, Ethereum. At the time, Polygon had processed over $1.6 billion in transactions, had over $5 billion in locked value, and had more than 19,000 decentralized apps (DApps) running on it. Polygon is the 11th blockchain network that USDT was launched on.

Tether's expansion continued during 2023 with key partnerships such as that with Argentinian crypto payments provider KriptonMarket. The partnership supports USDT transactions at the Central Market of Buenos Aires, allowing customers to pay for goods using USDT. The collaboration also allows vendors to pay a portion of their employees' salaries in the stablecoin.

On August 12, 2024, USDT reached a new record market cap of $115 billion, on its way to capturing a 70% share of the total stablecoin market. The milestone followed noteworthy growth for the leading stablecoin, with USDT increasing its market cap by more than 40% between September 2023 and August 2024.

In the same month, Tether announced the expansion of USDT to the Aptos blockchain in a move that aimed to improve accessibility to digital currencies globally. The integration of USDT with Aptos brought lower gas fees and high performance to users of the chain, opening the door to wider adoption.

USDT price and tokenomics

Tether Limited controls the minting and burning of USDT tokens. IN theory, when there is demand for USDT, Tether mints new tokens and when USDT is sold, the corresponding number of tokens is burned.

There are about 116.99 billion USDT in circulation as of mid-2024, and USDT has a current total supply of 118 billion. Some USDT tokens are held in reserve by Tether Limited, explaining the gap between the number of tokens in circulation and the number in existence.

USDT has no supply cap, so any number of USDT tokens could potentially be created by Tether Limited, if there is sufficient collateral to back them. Minting new tokens doesn’t erode the value of existing tokens. Likewise, burning USDT tokens doesn’t increase token value.

About the founders

Tether was founded in 2014 by a group of early crypto adopters and Bitcoin enthusiasts passionate about digitizing fiat currencies. Its origins lie in the Mastercoin protocol, based on the Bitcoin blockchain.

Brock Pierce was one of the original members of the Mastercoin Foundation who helped develop and promote Mastercoin. Pierce, Craig Sellars, and Reeve Collins co-founded Tether in 2014, with Mastercoin protocol as its technological foundation.

Tether's precursor, "Realcoin," was announced in July 2014, and the first tokens were issued in October 2014. The project was renamed Tether in November of that year, alongside an announcement of entering the private beta phase, with three currencies: USTether (for USD), EuroTether (for EUR), and YenTether (for JPY).

Brock Pierce is a widely known entrepreneur and co-founder of multiple high-profile entertainment and crypto projects, including Blockchain Capital and Block.one, the company that created the EOS blockchain. He also served as Director of a non-profit organization called Bitcoin Foundation, created to improve and promote Bitcoin.

Reeve Collins is also a serial entrepreneur who had already co-founded successful companies like Traffic Marketplace, RedLever, and Pala Interactive. On the other hand, Craig Sellars has been an active member of the Omni Foundation and associated with multiple organizations, including Bitfinex, Synereo, MaidSafe Foundation, and Factom.

Disclaimer

The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.

OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Market cap
$164.44B
Circulating supply
164.34B / 164.34B
All-time high
$1.0130
24h volume
$89.61B
4.1 / 5
USDTUSDT
USDUSD
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