Bitget Resumes Withdrawals After $387M Hack, Blames North Korea
Bitget begins a phased withdrawal restart on September 28 after confirming a $387.5 million hot-wallet breach, with CEO Gracy Chen pointing to North Korean hackers.
Tether (USDT) — Price, Data & News
Tether price today
Tether (USDT) is trading at $0.9994, up 0.02% over 24 hours, with a market capitalisation of $180B.
| Price | $0.9994 |
|---|---|
| 24h change | 0.02% |
| Market cap | $180B |
| Rank | #3 |
| Maximum supply | Elastic — minted and redeemed against reserves |
Market data from CoinStats, refreshed continuously. See our full crypto price tracker and live market data.
What is Tether?
Tether (USDT) is the largest stablecoin by market capitalisation, launched in 2014 and designed to hold a value of one US dollar. It is issued across many blockchains, and supply expands or contracts as tokens are minted against deposits or redeemed.
| Launched | 2014 |
|---|---|
| Created by | Tether Limited |
| Consensus | Issued across multiple blockchains |
| Supply | Elastic — minted and redeemed against reserves |
Tether key facts
- Largest stablecoin by market cap and typically the highest-volume asset in crypto trading.
- Issued natively on Ethereum, Tron, Solana and other chains.
- Backing is reported in quarterly attestations, with reserves largely in US Treasury bills.
- Reserve composition and audit standards have been a recurring subject of regulatory scrutiny.
How Tether works
Tether mints new USDT when clients deposit dollars and burns tokens on redemption. The peg holds through this redemption mechanism plus arbitrage: if USDT trades below a dollar, buying and redeeming at par is profitable, which pushes the price back.
What USDT is used for
- Trading pair and settlement asset across exchanges
- Dollar exposure in regions with limited banking access
- Moving value between exchanges without touching the banking system
Latest Tether news
Deutsche Bank to Launch Bitcoin Custody for Institutions in 2026
Deutsche Bank plans to offer Bitcoin, Ethereum and stablecoin custody to European institutional clients by end of 2026, pending BaFin approval.
Two Crypto Billionaires Give Reform UK £36M Each — a Record £72M in Two Days
Ben Delo and Christopher Harborne each donated £36 million to Nigel Farage's Reform UK, a record £72 million in two days and the largest political gifts in British history.
Treasury Yields Hit 5.3% as Bitcoin Market Reacts
The US Treasury's 5.3% yield threshold is reshaping capital flows, pressuring Bitcoin as investors reassess risk-adjusted returns.
Trump Media Unwinds Crypto Deals Amid Strategic Pivot
Trump Media and Technology Group has officially pulled back from its recent crypto platform initiatives, marking a major shift in the company's digital strategy.
Coinbase Faces Financial Pressure as Crypto Trading Slowdown Persists
Coinbase records a third consecutive quarterly loss, highlighting the ongoing struggle with declining retail interest and market volatility.
Donald Trump Bitcoin Campaign Fails to Sway Institutional Investors
Former President Donald Trump made a aggressive push for Bitcoin adoption, but market data suggests institutional investors are not buying into the rhetoric.
Crypto Payments Fuel Underground Trade in Unregulated Peptides
Americans are increasingly using digital currencies to purchase untested, experimental peptides online, creating a shadow economy that regulators struggle to monitor.
Tether Fuels Latin America Crypto Expansion with $20 Million Mercado Bitcoin Investment
Tether has invested $20 million in Mercado Bitcoin, accelerating Latin America crypto expansion and strengthening regulated blockchain financial services across the region.
Trump's Crypto Ventures Generate Over $1.4 Billion in 2025, Filings Show
Donald Trump's crypto earnings soared to over $1.4 billion in 2025, significantly boosting his income from digital asset ventures, including meme coins.
Trump's $1.4 Billion Crypto Haul Reshapes Political Finance in 2025
Donald Trump reported over $1.4 billion in crypto earnings for 2025, primarily from meme coin sales and the World Liberty Financial venture, according to his latest wealth disclosure. This notable increase in wealth from crypto assets raises possible questions about political ethics and the intersection of public office with personal wealth gain.
BlackRock's $20 Trillion Aladdin Platform Integrates Ethena's Synthetic Dollar
BlackRock has integrated Ethena's USDe, a synthetic dollar, into its colossal $20 trillion Aladdin risk management platform, marking a significant step for institutional crypto engagement.
Tether FAQ
Is USDT actually backed by dollars?
Tether publishes quarterly attestations showing reserves it says exceed tokens issued, held mostly in US Treasury bills and cash equivalents. These are attestations rather than full audits, a distinction that has drawn ongoing regulatory attention.