Tether (USDT) — Price, Data & News

Tether price today

Tether (USDT) is trading at $0.9995, down 0.01% over 24 hours, with a market capitalisation of $183B.

Price$0.9995
24h change-0.01%
Market cap$183B
Rank#3
Maximum supplyElastic — minted and redeemed against reserves

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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.

Launched2014
Created byTether Limited
ConsensusIssued across multiple blockchains
SupplyElastic — minted and redeemed against reserves

Tether key facts

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

Latest Tether news

Trump's $1.4 Billion Crypto Haul Reshapes Political Finance in 2025

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.

More Tether coverage

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.