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

Tether USD (USDT) is currently ranked #3 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: #3 Market Cap: $187.78B 24h Volume: $313.69B
Tether USD logo

Tether USD

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

USDT
Rank #3
$1.00
+0.11% (24h)

Tether USD to USD Chart

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Where to Buy Tether USD (Markets)

Exchange Pair Price 24h Volume Updated Trade
Toobit ETH/USDT $1 $209.27M 2026-05-29 21:20 UTC Open
P2B BTC/USDT $1 $203.90M 2026-05-29 21:20 UTC Open
BingX BTC/USDT $1 $201.10M 2026-05-29 21:20 UTC Open
WhiteBIT BTC/USDT $1 $197.88M 2026-05-29 21:20 UTC Open
Bitunix BTC/USDT $1 $197.08M 2026-05-29 21:20 UTC Open
Bybit HYPE/USDT $1 $192.49M 2026-05-29 21:20 UTC Open
OKX ETH/USDT $1 $190.24M 2026-05-29 21:20 UTC Open
CoinW ETH/USDT $1 $186.19M 2026-05-29 21:20 UTC Open
Bybit USDC/USDT $1 $178.16M 2026-05-29 21:20 UTC Open
Uniswap v4 (Ethereum) USDC/USDT $1 $175.63M 2026-05-29 21:20 UTC Open
DigiFinex USD1/USDT $1 $174.15M 2026-05-29 21:20 UTC Open
INDOEX BTC/USDT $1 $170.95M 2026-05-29 21:20 UTC Open
Bitget ETH/USDT $1 $170.01M 2026-05-29 21:20 UTC Open
Binance SOL/USDT $1 $165.67M 2026-05-29 21:20 UTC Open
KuCoin ETH/USDT $1 $165.54M 2026-05-29 21:20 UTC Open
WEEX ETH/USDT $1 $164.21M 2026-05-29 21:20 UTC
BigONE ETH/USDT $1 $162.13M 2026-05-29 21:20 UTC Open
Binance XLM/USDT $1 $161.29M 2026-05-29 21:20 UTC Open
Deepcoin ETH/USDT $1 $149.94M 2026-05-29 21:20 UTC Open
INDOEX ETH/USDT $1 $143.08M 2026-05-29 21:20 UTC Open

Stats, Supply & Links

Rank
#3
Price
$1.00
Change (1h)
-0.15%
Change (24h)
+0.11%
Change (7d)
+0.16%
Market Cap
$187.78B
24h Volume
$313.69B
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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