Tether Price

Tether (USDT) Live Price Chart

Tether Price Live Data

The current price of Tether is $1, with a 24-hour trading volume of $ 2.04M. Tether has experienced a +0.03% change in the past 24 hours, and its USD value has increased by +0.03% over the past 7 days. The circulating supply of Tether is 81.93B USDT and its current market cap stands at 89.12B USD, up --% in the past 24 hours. Tether ranks #-- in market capitalization.

Tether(USDT) Info

Ethereum 0xdac17f...ec7BSC 0x55d398...955Tron TR7NHqje...j6tHECO 0xa71edc...47axDAI 0x4ECaBa...5C6Solana Es9vMFrz...NYBOthers IoTeX-0x...afcOthers Kucoin C...f48Others Boba Net...62dOthers Fuse-0xf...e10Others Meter-0x...62eOthers KardiaCh...53bOthers TomoChai...59eOthers Moonbeam...d73Others Telos-0x...2e1
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About USDT

What Is Tether (USDT)?

Tether (USDT) is globally the first and most widely used stablecoin in the crypto market. The USDT price is pegged to the US dollar at a 1 to 1 ratio and is backed by Tether's reserves.

It offers all benefits of a cryptocurrency - enabling the digital transfer of payments, decentralized design, and all other advantages blockchain technology has to offer. However, it also comes with the added benefit of being immune to the high volatility of other cryptocurrencies like Bitcoin and Ethereum experience, thanks to its pegging mechanism.

The USDT token can be thought of as a blockchain-based equivalent to the fiat currency US dollar. Its key strength lies in the price stability mechanism, making it a convenient way to conduct digital transactions without worrying about fluctuations in price and value.

As of March 2023, Tether enjoys a market cap of more than $71 billion and features among the top 5 digital assets by market cap. It is also the leader among stablecoins pegged to the US dollar based on trading volume and circulating supply, enjoying ample adoption by crypto investors and among DeFi consumers.

How Does Tether’s USDT Work?

Tether offers the stability and security that fiat currencies are known for and merges them with the power of blockchain technology. This provides a decentralized and easy-to-use payment option, handy for making cross-border payments possible almost instantly.

The lack of intermediaries like banks and financial institutions means that USDT transactions offer near-instant settlement times, lower transaction costs, and higher transparency than the traditional banking and finance industry.

Tether tokens enjoy a 1-to-1 peg with fiat currencies, for instance, 1 USDT = 1 USD, keeping the Tether price closely fixed to that of the United States dollar. Users can deposit fiat currency into Tether’s bank account to obtain an equivalent amount of Tether tokens into their crypto wallets. Users can then transact, trade, or hold these USDT tokens just like regular cryptocurrencies, except without worrying about sudden Tether price drops that could wipe out their capital.

Whenever users sell their USDT in exchange for fiat currency, Tether removes as many tokens from the total supply. This move ensures that Tether's price remains pegged to the US dollar and does not falter.

History of Tether and USDT

Launched in 2014, Tether was initially known as Realcoin and was a Layer-2 crypto developed on top of the Bitcoin blockchain. It underwent two name changes, getting updated first to USTether and then to Tether (USDT).

Brock Pierce, Craig Sellers, and Reeve Collins were the co-founders of Tether (USDT), designing it to keep the USDT price pegged at 1:1 with the US dollar. Developers using the Omni protocol on Bitcoin, Tether then went on to get updated so it could work on Ethereum, EOS, TRON, Algorand, and OMG blockchain networks as well. USDT tokens on Ethereum function as ERC-20 tokens.

Tether faced some controversies over a lack of complete visibility into audited financial statements about their USD reserves that they claim back the USDT coin. It announced its banking partners in November 2018 to ease some concerns about their claims.

In March 2019, Tether announced that the USDT tokens were not backed 100% by US dollar deposits. Since then, Tether claims that the USDT token is backed by reserves, consisting of both USD and cash equivalents, in addition to other assets and receivables from loans made by the company.


How can I buy Tether (USDT)?

Buying USDT on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Tether (USDT) for more information.

How much is 1 Tether (USDT) worth?

KuCoin provides real-time USD price updates for Tether (USDT). Tether price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time USDT to USD exchange rates.

How to Convert USDT to Fiat Currency

You can convert USDT back into USD or any other fiat currency through Tether trading by simply selling them on crypto exchanges or some crypto payment providers. Check the live price of USDT in your local fiat currency before placing the sell order.

Once you sell the USDT, you can receive the equivalent amount of USD or your local fiat currency, which can then be withdrawn into your bank account. Do note that KuCoin will charge a transaction processing fee on the withdrawal.

On KuCoin, converting USDT to fiat currency is possible once you have completed the KYC verification on your account. You can withdraw your USDT coins from your trading account into your bank account in the form of your local currency. You can also sell USDT on our P2P market to convert Tether into fiat currencies based on the latest USD value and Tether price.

How to Use Tether (USDT)

Purchase Goods and Services From Stores

Tether’s USDT can be used as a payment method to purchase goods and services across physical and online stores that support it. It is convenient to make digital payments as the Tether price remains constant.

Send and Receive Payments Almost Instantly

You can also use USDT to send and receive payments from other users and or/businesses located around the world almost instantly. Tether charges far lower transaction fees than conventional payment methods such as fiat currencies and is especially beneficial when making fast and cheap cross-border payments.

Trade Cryptocurrencies on Exchanges

You can trade Tether against many cryptocurrencies to grow your crypto portfolio and capital. As the stablecoin with the largest market cap and circulating supply, USDT is one of the most popular base digital assets to trade cryptocurrency pairs on leading exchanges, including KuCoin. It enjoys high liquidity and trading volume across CEX and DEXs, making buy and sell orders quick and convenient when trading cryptos.

Earn Passive Income on KuCoin

You can generate passive revenue with your USDT holdings on several platforms. On KuCoin, you can lend USDT or stake USDT to earn attractive returns and put your stablecoins to work.

Is Tether a Good Investment?

Tether is an exciting concept to hold or invest in among crypto assets. Unlike other cryptocurrencies that experience price volatility which can be traded for profits, the USDT price almost always remains pegged to that of the US dollar.

As a crypto asset to invest in, USDT can earn you attractive returns if you put your tokens to work via activities such as lending or staking. In the world of DeFi, USDT is one of the most in-demand digital assets, with platforms offering some of the highest returns for liquidity in Tether.

Its high usage is evident from its market cap, which makes USDT among the top 10 cryptocurrencies. As long as the demand for Tether remains high among cryptocurrency exchanges, this stablecoin can enjoy high value and offer exciting rewards if you invest in it and put it to work.

How do you Make Money Investing in USDT?

You can profit from investing in USDT by depositing it on KuCoin or other platforms in exchange for attractive returns. Your deposit provides liquidity to the platform, and you are rewarded for your contribution in the form of interest.

Stake USDT on KuCoin

KuCoin Earn lets you deposit Tether for a flexible period which you can select and receive attractive APRs. At the end of the tenure, you will receive your originally deposited amount of USDT along with the interest that accumulates over the period.

Lend Liquidity in USDT

You can also use our Crypto Lending feature to lend KuCoin your USDT for seven days, 14 days, or 28 days. The APRs vary based on the amount of USDT you lend and the period you select.

Trade USDT Against Other Crypto Assets

You can also make money through USDT if you trade it against other cryptocurrencies. By performing technical, fundamental, and market sentiment analysis, you can place trades in cryptocurrencies using USDT.

Sell Tether to buy any number of cryptocurrencies supported on the platform of your choice. Buying at a low price and selling when the price goes higher can increase your chances of growing your crypto capital.

What is the all-time high price of Tether (USDT)?

The all-time high price of Tether (USDT) is $1.21. The current price of USDT is down 0.18% from its all-time high.

What is the all-time low price of Tether (USDT)?

The all-time low price of Tether (USDT) is $0.56831. The current price of USDT is up 0.76% from its all-time low.

How much Tether (USDT) is there in circulation?

As of 11 29, 2023, there is currently 81.93B USDT in circulation. USDT has a maximum supply of --.

What is the market cap of Tether (USDT)?

The current market cap of USDT is $89.12B. It is calculated by multiplying the current supply of USDT by its real-time market price of $89.12B.

How do I store Tether (USDT)?

You can securely store your Tether in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your USDT include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.

How do I convert Tether (USDT) to cash?

You can instantly exchange your Tether (USDT) for cash using KuCoin's Fast Trade feature. This feature enables you to convert USDT to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.
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