USDT Price Today

The current real-time USDT price is $1.00 . USDT price has plummeted by 0.06% in the last day and increased by 0.05% in the last seven days. It’s important to note that the current USDT market capitalization is $112,899,363,523. The maximum supply is coins, with a circulating supply of 112,862,180,225.00. Ethereum is ranked #3 in terms of market cap.

Tether In A Nutshell

Tether (USDT) is a stablecoin pegged to the United States dollar. It is designed to automatically balance its price in line with the USD, in theory, always maintaining a value of $1. 

The Tether (USDT) stablecoin shares the name of its founder company, Tether Limited. Bitcoin enthusiasts Brock Pierce, Reeve Collins, and Craig Sellars created Tether and the USDT stablecoin. 

USDT was launched on the Bitcoin blockchain in 2014 via the Omni Layer Protocol. It exists on multiple networks. Today, Tether has issued around $60.8 billion worth of TRC-20 USDT, making it the most popular Tether network by a significant margin. 

Tether's primary role (like most other stablecoins) is to offer people a crypto-based store of value without the volatility exposure typical in the cryptocurrency industry. As such, Tether is typically purchased by people who earn income in crypto, those wishing to store money in a crypto asset, or people preparing to invest in other cryptocurrencies. 

As Tether is pegged to the global reserve currency (USD), it should offer stability. However, real-world factors affecting fiat, like money printing, can cause the asset to devalue.

Basics of How USDT Works

Tether works by automatically balancing its cash reserves with the issued USDT tokens. Users can purchase USDT from Tether for $1 and redeem it at the same rate: 1 USDT for $1. Tether maintains this ratio, as stated on its website, with the equivalent value in fiat currencies. In recent years, the company behind Tether has found itself in hot water regarding its transparency. However, for full transparency, the company publishes a daily record of the current total assets and reserves, which has helped to allocate many transparency concerns. 

Tether is supported by several blockchain networks. To name a few, they include Solana, Ton, and Avalanche. The most popular is Tron, followed by Ethereum and then Avalanche. Some versions of USDT, like Tron and Solana, have lower fees but lesser support than others, like Ethereum USDT. Learn more about Tether, how it works and how long USDT transfers take.

The Circulating Supply of Tether 

The supply of Tether regularly increases and decreases as people buy and redeem USDT tokens. Today, there is 112,862,180,225.00 USDT in circulation. However, a few other versions of the stablecoin, which are pegged to different fiat currencies, like EUR, exist, making up more than $31 billion in value.

Aspects That Make Tether Unique

Tether is the most popular stablecoin on the market. While all stablecoins fulfill a similar function, several factors separate USDT, USDC, DAI, and other stablecoins. 

• Multi-Network Support – USDT has been released on 16 different networks, making it one of the most widely supported stablecoins available. By operating on multiple chains, Tether can serve a broader user base.
• Global Acceptance – Tether is the most popular stablecoin and benefits from widespread acceptance with exchanges, wallets, and businesses. 
• Oldest Stablecoin – Tether is the oldest stablecoin on the market. It has operated for several years longer than its closest competitor, USDC. As Tether has stood the test of time, it’s viewed as a safer vehicle for investors to park funds. 
• Liquidity – As the largest and most accepted stablecoin, Tether benefits from deep liquidity, making it simple for people to buy large sums of the asset.

Where You Can Buy USDT

USDT is one of the world's largest and most widely traded cryptocurrencies. It is the third largest crypto asset behind Bitcoin and Ethereum. As such, USDT is available on almost every exchange, including industry titans like Binance, Kraken, and Coinbase.

Therefore, USDT is a highly liquid asset that can be bought and sold in large quantities without worrying about significant slippage. You can also learn how to sell USDT and use it as an effective cash-out method.