Real-Time USDT Price Analysis
Tether's current live price is $0.9994**, with a 24-hour trading volume of **$96,689,941,194. The price has increased by 0.14% in the last day and 0.05% over the past week.
Key metrics:
- Market Cap: $158,324,956,202
- Circulating Supply: 158,423,499,847 USDT
- Market Rank: #3
Today's Tether price is 8.50% below its all-time high and 824.48% above its historical low. All data is updated in real-time.
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What Is Tether (USDT)?
Tether Limited, a Hong Kong-based company, issues USDT—the first and most popular stablecoin in the crypto market. As a collateralized stablecoin, each USDT is pegged 1:1 to the USD, maintaining minimal price volatility despite market fluctuations.
Key Features:
- Runs as a Layer 2 token on multiple blockchains (Bitcoin, Ethereum, Tron, Solana, etc.)
- Backed by cash reserves equal to circulating supply
- Provides stability during crypto market volatility
The History of Tether
Originally launched as Realcoin in 2014 on the Bitcoin network via the Omni Layer protocol, it was later rebranded to USDT. Founders Craig Sellars, Brock Pierce, and Reeve Collins built upon J.R. Willett's Mastercoin protocol concept.
Tether's Objectives
Primary Use Cases:
- Hedge Against Volatility: Stabilizes portfolios during market swings.
- Investor Safe Haven: Preserves value when converting other cryptocurrencies.
- Cross-Border Transfers: Enables frictionless USD-equivalent transfers globally.
USDT Supply Dynamics
- No fixed supply limit, but constrained by Tether's cash reserves.
- Daily transparency reports verify reserves vs. circulating supply.
- Minor price fluctuations occur despite the dollar peg.
Controversies Surrounding Tether
Critical Concerns:
- Unverified claims about USD reserves.
- Lack of third-party audits.
- Regulatory fines for misleading statements.
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FAQs
What was Tether's 24-hour trading volume?
$96,689,941,194.
What is USDT's all-time high price?
$1.09 (August 8, 2023).
What is USDT's all-time low price?
$0.1081 (December 11, 2022).
Where can I buy/sell USDT?
Major exchanges include Binance, KuCoin, and Kraken.
What’s the safest hardware wallet for USDT?
Ledger and Trezor.