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: $184.17B 24h Volume: $624.54B
Tether USD logo

Tether USD

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

USDT
Rank #3
$1.00
+0.01% (24h)

Tether USD to USD Chart

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Where to Buy Tether USD (Markets)

Exchange Pair Price 24h Volume Updated Trade
Bitrue WLFI/USDT $1 $2.86M 2026-07-23 15:40 UTC Open
OKX PUMP/USDT $1 $2.86M 2026-07-23 15:40 UTC Open
Binance HOME/USDT $1 $2.85M 2026-07-23 15:40 UTC Open
Coinbase BTC/USDT $1 $2.85M 2026-07-23 15:40 UTC Open
LBank CRCLB/USDT $1 $2.84M 2026-07-23 15:40 UTC Open
Toobit VVV/USDT $1 $2.83M 2026-07-23 15:40 UTC Open
MEXC Global ZEC/USDT $1 $2.83M 2026-07-23 15:40 UTC Open
LBank MUB/USDT $1 $2.82M 2026-07-23 15:40 UTC Open
OKX LIT/USDT $1 $2.81M 2026-07-23 15:40 UTC Open
Poloniex WSTUSDT/USDT $1 $2.81M 2026-07-23 15:40 UTC Open
Bybit PEPE/USDT $1 $2.80M 2026-07-23 15:40 UTC Open
CoinW AVAX/USDT $1 $2.80M 2026-07-23 15:40 UTC Open
Hotcoin INJ/USDT $1 $2.80M 2026-07-23 15:40 UTC
BTSE DOGE/USDT $1 $2.79M 2026-07-23 15:40 UTC Open
BTSE AVAX/USDT $1 $2.79M 2026-07-23 15:40 UTC Open
CoinW KAITO/USDT $1 $2.79M 2026-07-23 15:40 UTC Open
KuCoin CHZ/USDT $1 $2.78M 2026-07-23 15:40 UTC Open
LBank ZEREBRO/USDT $1 $2.78M 2026-07-23 15:40 UTC Open
Hotcoin HBAR/USDT $1 $2.78M 2026-07-23 15:40 UTC
MEXC Global TRUMP/USDT $1 $2.78M 2026-07-23 15:40 UTC Open

Stats, Supply & Links

Rank
#3
Price
$1.00
Change (1h)
+0.00%
Change (24h)
+0.01%
Change (7d)
+0.01%
Market Cap
$184.17B
24h Volume
$624.54B
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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