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Tether

USDT

Rank #3
$ 1
+ 0.070%
24H Low$0.9961
24H High$1
24H Volume
39B
All-Time High(ATH)
$1.32
All-Time Low(ATL)
$0.5725
Market Cap
91.36B
Fully Diluted Valuation
91.36B
Market Cap/FDV
1
Circulating Supply
91.34B USDT
Total Supply
91.34B USDT
Max Supply
Market Sentiment
--
* Data from 3rd parties

Tether (USDT) Price Trends

Time period
Change amount
% Change
1H
$ -0.0001070
-0.011%
24H
$ 0.0007032
0.070%
7D
$ 0.001018
0.10%
14D
$ 0.001219
0.12%
30D
$ 0.00006305
0.0063%
1Y
$ 0.00007136
0.0071%

Live Tether (USDT) Price Update

Tether price today is $1 with a 24-hour trading volume of 39B, and as such Tether has a market cap of 91.36B, giving it a market dominance of 4.45%. The Tether price moved 0.07032% in the last 24 hours.

Tether reached its highest price on 2018-07-24 when it was trading at its all-time high of $1.32, while its lowest price was recorded on 2015-03-02 when it was trading at its all-time low of $0.5725. The current lowest price since the last cycle high was $0.5725, and the highest price since the last cycle low was $1.32. The social sentiment of Tether is currently Positive.

The current circulating supply of Tether is 91.34B USDT. In terms of market cap, Tether is currently ranked 3.

About Tether (USDT)

As the world's first stablecoin, Tether (USDT) was launched in 2014, aims to promote the use of fiat currency in a digital way. USDT is based on an asset token (Omnilayer protocol) on the Bitcoin Network and is issued according to the amount of fiat currency actually held by the bank. The market value of USDT is pegged at a ratio of 1:1 with the dollar. Users can send and receive tokens on the blockchain like using Bitcoin.


How does Tether (USDT) Work?

According to the White Paper of Tether (USDT), "each tether unit issued into circulation is backed in a one-to-one ratio (i.e. one Tether USDT is one US dollar) by the corresponding fiat currency unit held in deposit by Hong Kong based Tether Limited. In addition to pegged US dollar assets, cash equivalents, other assets or loan receivables provided by Tether to third parties can also be used as collateral.

The following is the process of issuing and burning USDT:

Issuing USDT:
When a customer remits US dollars to the bank account of the USDT issuer, Tether will transfer the same amount of US dollars to the customer's Tether wallet after receiving the funds.

Burning USDT:
When customers want to redeem US dollars, they need to transfer the USDT they hold to the core wallet of Tether Limited and pay the corresponding handling fee. Subsequently, Tether Limited will remit the same amount of US dollars to the customer's bank account and burn the corresponding amount of USDT.

When the total amount of USDT circulating in the market is less than or equal to the reserve value of Tether, Tether will use the reserve assets to redeem the issued USDT to ensure that USDTs can always be pegged with the US dollar. You can view the relevant values through the transparency page of the official website of Tether.


What is Tether (USDT) ?

Tether (USDT) is the most popular stablecoin at present. Because it is pegged with fiat currency, USDT can ensure the stability of its price. It provides a fast and low volatility solution for investors to withdraw from market positions.

By virtue of the characteristics of USDT pegging with fiat currency, investors can hold digital currencies similar to fiat currency in the crypto market, and then easily trade other digital currencies.

The following are the features of Tether (USDT):
· It is backed in a 1:1 ratio by the US dollar and stable relative to ordinary digital currencies

· It can be issued on different blockchains (including Algorand, Avalanche, simple ledger protocol (SLP) of Bitcoin Cash, Ethereum, EOS, Liquid Network, Omni, Polygon, Tezos, Tron, Solana and Statemine)


Tether (USDT) Crypto Wallet

In addition to placing USDT in the Gate.io exchange to facilitate trading, USDT can also be placed in the crypto wallet.

There are many choices of Tether (USDT) crypto wallet. You can choose a cold wallet or a hot wallet based on your needs.

FAQs

1. What determines the price movement of Tether?

There are two schools of thought in determining the price of Tether.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Tether, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Tether from a long term perspective.
By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Tether on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Tether as well.
Investors tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Tether and the cryptocurrency market as a whole.

Tether (USDT) News

Tether (USDT) Announcements

Date
Market Cap
Volume
Open
Close
2024-02-20
$34.05B$97.67B$0.9999N/A
2024-02-19
$23.91B$97.66B$1$0.9999
2024-02-18
$31.18B$97.71B$1$1
2024-02-17
$43.36B$97.58B$1$1
2024-02-16
$65.39B$97.26B$1$1
2024-02-15
$61.81B$96.97B$1$1
2024-02-14
$54.79B$96.76B$1$1