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: $187.58B 24h Volume: $599.85B
Tether USD logo

Tether USD

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

USDT
Rank #3
$1.00
+0.30% (24h)

Tether USD to USD Chart

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Where to Buy Tether USD (Markets)

Exchange Pair Price 24h Volume Updated Trade
Uniswap v3 (Polygon) LINK/USDT $1 $207.72 2026-05-29 21:20 UTC Open
HTX Global CHR/USDT $1 $207.05 2026-05-29 21:20 UTC Open
Meteora USDT/SOL $1 $204.35 2026-05-29 21:20 UTC Open
Meteora USDT/SOL $1 $204.35 2026-05-29 21:20 UTC Open
Meteora DLMM USDC/USDT $1 $202.42 2026-05-29 21:20 UTC Open
HTX Global CAT/USDT $1 $200.91 2026-05-29 21:20 UTC Open
MEXC Global CSWAP/USDT $1 $199.24 2026-05-29 21:20 UTC Open
VALR LTC/USDT $1 $199.09 2026-05-29 21:20 UTC Open
VALR ORDER/USDT $1 $196.81 2026-05-29 21:20 UTC Open
Exmo DOGS/USDT $1 $196.68 2026-05-29 21:20 UTC Open
DigiFinex FREE/USDT $1 $196.28 2026-05-29 21:20 UTC Open
LBank 100XT/USDT $1 $193.55 2026-05-29 21:20 UTC Open
Bitget SANTOS/USDT $1 $193.34 2026-05-29 21:20 UTC Open
Orca Whirlpool UPT/USDT $1 $192.01 2026-05-29 21:20 UTC Open
Orca Whirlpool UPT/USDT $1 $192.01 2026-05-29 21:20 UTC Open
BitMart AEROBUD/USDT $1 $190.04 2026-05-29 21:20 UTC Open
LATOKEN ZRX/USDT $1 $188.95 2026-05-29 21:20 UTC Open
DigiFinex BAL/USDT $1 $185.10 2026-05-29 21:20 UTC Open
Orca Whirlpool NOS/USDT $1 $181.48 2026-05-29 21:20 UTC Open
Orca Whirlpool NOS/USDT $1 $181.48 2026-05-29 21:20 UTC Open

Stats, Supply & Links

Rank
#3
Price
$1.00
Change (1h)
+0.07%
Change (24h)
+0.30%
Change (7d)
+0.08%
Market Cap
$187.58B
24h Volume
$599.85B
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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