Tether USD (USDT) Price Today, Live Chart, Market Cap & News

Tether USD (USDT) is currently ranked #4 by market capitalization. On this page you can track its live price, view historical performance charts, explore market statistics, see where it’s traded, and read the latest related crypto news.

Rank: #4 Market Cap: $184.08B 24h Volume: $36.91B
Tether USD logo

Tether USD

Below are the top markets and trading pairs for USDT, sorted by 24h volume.

USDT
Rank #4
$0.9998
-0.03% (24h)

Tether USD to USD Chart

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Where to Buy Tether USD (Markets)

Exchange Pair Price 24h Volume Updated Trade
Phemex CAKE/USDT $1 $429.30K 2026-07-27 23:20 UTC Open
BitMart ACM/USDT $1 $429.10K 2026-07-27 23:20 UTC Open
KuCoin TRUTH/USDT $1 $429.03K 2026-07-27 23:20 UTC Open
Bybit BRETT/USDT $1 $428.89K 2026-07-27 23:20 UTC Open
Catex NEO/USDT $1 $428.86K 2026-07-27 23:20 UTC Open
Bitrue LBT/USDT $1 $428.86K 2026-07-27 23:20 UTC Open
BTCC RSR/USDT $1 $428.74K 2026-07-27 23:20 UTC Open
Phemex IMX/USDT $1 $428.54K 2026-07-27 23:20 UTC Open
Phemex SUN/USDT $1 $428.52K 2026-07-27 23:20 UTC Open
BitMart IOST/USDT $1 $428.18K 2026-07-27 23:20 UTC Open
BitMart DYDX/USDT $1 $427.76K 2026-07-27 23:20 UTC Open
Phemex TRB/USDT $1 $427.69K 2026-07-27 23:20 UTC Open
BitMart BAR/USDT $1 $427.55K 2026-07-27 23:20 UTC Open
OKX CRO/USDT $1 $427.43K 2026-07-27 23:20 UTC Open
CoinW LUNC/USDT $1 $427.12K 2026-07-27 23:20 UTC Open
BitMart TSEMON/USDT $1 $426.39K 2026-07-27 23:20 UTC Open
MEXC Global RIF/USDT $1 $426.25K 2026-07-27 23:20 UTC Open
PancakeSwap v3 (Ethereum) USDC/USDT $1 $425.99K 2026-07-27 23:20 UTC Open
Binance CELO/USDT $1 $425.92K 2026-07-27 23:20 UTC Open
Bitget EGL1/USDT $1 $425.86K 2026-07-27 23:20 UTC Open

Stats, Supply & Links

Rank
#4
Price
$0.9998
Change (1h)
-0.02%
Change (24h)
-0.03%
Change (7d)
-0.02%
Market Cap
$184.08B
24h Volume
$36.91B
Circulating Supply
185.63B USDT
Total Supply
191.10B USDT
Max Supply
N/A
All-Time High
$2.00
(On Jul 22, 2016)

About Tether USD

What is Tether (USDT)?

Tether (USDT) is a fiat-collateralized stablecoin that plays a foundational role in cryptocurrency markets. Launched in 2014, it was one of the first successful attempts to create a digital asset with minimal price volatility by tethering its value to a traditional currency. Its primary function is to provide traders, institutions, and decentralized applications with a stable digital asset that mirrors the US dollar without requiring direct access to the traditional banking system.

How It Maintains Stability:
Tether Limited, the company behind USDT, claims to maintain a 1:1 reserve backing for all tokens in circulation. This means for every USDT issued, there should be equivalent assets (like US dollars, treasury bills, and other liquid reserves) held in its treasury. The peg is maintained through market arbitrage and Tether's mint-and-burn mechanism: issuing new tokens for USD deposits and destroying tokens for USD withdrawals.

Why It Matters:

Market Utility: Over 60-70% of Bitcoin and other crypto trades are paired with USDT, making it the de facto trading pair and liquidity benchmark.

Capital Efficiency: Enables rapid movement between volatile crypto assets and a stable store of value without leaving the blockchain ecosystem.

DeFi Cornerstone: Serves as the primary stable liquidity in lending protocols, liquidity pools, and as collateral across decentralized finance.

Tether's market capitalization and circulating supply are direct indicators of capital flowing into and being utilized within the broader cryptocurrency market.

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