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Tether

Tether (USDT)

$ 1.00
-0.05 %
Main info
News
Comments
Markets
Analytics
Market cap
$184.08B
-0.05 %
Volume (24h)
$28.01B
-0.05 %
Circulating supply
183,245,941,051 USDT
Total supply
188,712,883,627 USDT

About Tether

Overview of Tether (USDT)

Tether (USDT) is the most popular stable cryptocurrency pegged to the US dollar. Blockchain technology has a lot of benefits, but it is not very convenient to use digital coins as a daily means of payment because of the increased price volatility.

Tether Limited decided to digitize fiat money and issued a USDT token, its exchange rate is secured by the US dollars stored in its bank accounts. The main task of the developers was to create a stable cryptocurrency, which value would be stable against the fiat US dollar.

The blockchain-based platform attracts users around the world.

Stability and Usage

The USDT rate is always $1, no matter what. Tether is created on the Omni Layer platform. The Tether system is used as a quick and effective trading tool, as well as for hedging risks.

You can always see the current exchange rate of digital money USDT to the dollar, ruble and many other fiat currencies of the world on the Neironix site.

Price Variations and Monitoring

Note that although the price of a stablecoin from Omni Layer should always be $1, still, sometimes even the value of USDT can slightly change against the US dollar. You can see all this information on the Neironix.io website.

Key data

updated $0
Market cap$184.08B
Volume 24h$28.01B
Circulating supply183.25B
All-time high$1.32-24% from peak · 2018-07-23

Tether (USDT) is a stablecoin designed to maintain a 1:1 value with the US dollar. It provides stability in the volatile crypto market by being pegged to fiat currency. USDT is widely used for trading, transfers, and as a safe haven during market fluctuations.

Frequently asked questions

What is Tether and how is it different from other cryptocurrencies?

Tether is a stablecoin pegged 1:1 to the US dollar, unlike volatile cryptocurrencies like Bitcoin. It aims for price stability, making it useful for trading and hedging.

How does Tether maintain its peg to the US dollar?

Tether claims to hold reserves in cash, cash equivalents, and other assets matching the USDT in circulation, ensuring the 1:1 peg. Regular audits or attestations verify these reserves.

How is USDT issued and who controls it?

Tether Limited issues USDT based on demand, minting new tokens when users deposit USD or other approved assets. The company manages issuance and redemption centrally.

How can I store and use USDT securely?

USDT exists on multiple blockchains (like Ethereum, Tron). Store it in wallets supporting its standard (e.g., ERC-20). Use it for trading, transfers, or as dollar-like crypto liquidity.