About Tether
Tether (USDT) is an Ethereum token that is pegged to the value of a U.S. dollar (also known as a stablecoin). Tether’s issuer claims that USDT is backed by bank reserves and loans which match or exceed the value of USDT in circulation. Important note: at this time, Coinbase only supports USDT on the Ethereum blockchain (ERC-20). Do not send USDT on any other blockchain to Coinbase.
Buy Tether
Trading Insights
Traders
57K
Market Stats
Market Cap
£127.56B
0.07%
FDV
£130.57B
Circ. Supply
172B USDT
Max Supply
Not enough data
Total Supply
176B USDT
Diluted Valuation
£127.57B
Performance
Popularity
#3
Dominance
4.59%
Volume (24H)
£111.32B
81.54%
Volume (7D)
£240.54B
Volume (30D)
£3.46T
All time high
£0.90
Price Change (1Y)
0.08%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Investment risk
Baseline risk: All crypto-assets are risky, regardless of the type of token you hold. Here are some 'baseline' risks to be aware of before deciding to invest.
Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.
Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.
Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.
Don't put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.
Stablecoins: 'Stablecoin' (e.g. USDC, USDT) is the term often used for crypto-assets that claim their value is linked to certain reserve assets such as a fiat currency (e.g. US Dollars). Stablecoins may use a range of different ways to maintain stability, each with their own risks'
Counterparty risk: Where the asset is backed by collateral (e.g. fiat currency) you are relying on a third party to maintain that collateral which introduces risk if the party becomes insolvent or fails to maintain the necessary collateral.
Redemption risk: If the asset claims to be redeemable for underlying collateral, there is risk that the redemption process will not work as expected e.g. in times of market volatility or due to operational issues.
Collateral risk: There's a risk that the value of the collateral could decline or become volatile, affecting the stability of the asset (e.g. where the collateral is another type(s) of crypto-asset(s)).
FX risk: Lots of stablecoins are denominated in US Dollars, meaning you will be exposed to movements in the USD:GBP exchange rate
Algorithm risk: If the asset relies on an algorithm to maintain stability (e.g. by adjusting supply based on demand) there's a risk the algorithm could fail or behave unexpectedly, which might cause the asset to lose its stability and even lose all its value.
Additional details
Recent trends
The price of Tether has increased by 0.00% in the last hour and increased by 0.02% in the past 24 hours. Tether’s price has also risen by 0.04% in the past week. The current price is £0.74 per USDT with a 24-hour trading volume of £111.32B. Currently, Tether is valued at 17.63% below its all time high of £0.90. This all-time high was the highest price paid for Tether since its launch.
The current circulating supply of Tether is 172,017,973,864.224 USDT which means that Tether has as total market cap of £127,564,984,168.00.
Market details
USDT vs markets
↘ 43.46%
USDT vs BTC
↘ 43.5%
USDT vs ETH
↘ 38.43%
Tags
stablecoin
asset-backed-stablecoin
usd-stablecoin
fiat-stablecoin
+1
Network & Addresses
Network | Address | |
|---|---|---|
Avalanche C-Chain | 0xc7198437980c041c805A1EDcbA50c1Ce5db95118 | |
Ethereum | 0xdAC17F958D2ee523a2206206994597C13D831ec7 | |
Arbitrum | 0xFd086bC7CD5C481DCC9C85ebE478A1C0b69FCbb9 | |
Avalanche C-Chain | 0x9702230A8Ea53601f5cD2dc00fDBc13d4dF4A8c7 |
Price history
Time | Price | Change |
|---|---|---|
Today | £0.74 | ↗ 0.02% |
1 Day | £0.73 | ↗ 0.02% |
1 Week | £0.74 | ↗ 0.04% |
1 Month | £0.75 | ↗ 0.10% |
1 Year | £0.75 | ↗ 0.08% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
Tether USDt, or USDT, is a digital token that was launched in 2014. It is designed to facilitate the use of traditional fiat currencies in a digital way, intending to provide an alternative to the conventional financial system with a digital approach to money. Tether (USDT) is pegged to the value of a U.S. dollar (also known as a stablecoin). Tether's issuer claims that USDT is backed by bank reserves and loans that match or exceed the value of USDT in circulation. This digital dollar is powered by blockchain technology and exists on several blockchains, including Algorand, Avalanche, Ethereum, EOS, and more. Important note: at this time, Coinbase only supports USDT on the Ethereum blockchain (ERC-20). Do not send USDT to Coinbase on any other blockchain.
Tether USDt operates as a digital token built on various blockchains. Each Tether token is backed 100% by Tether's reserves, and the company strives to maintain transparency by publishing a record of its current reserve assets. The value of USDT is intended to be maintained by Tether to remain pegged to the U.S. dollar, with the company allocating the same amount of USD to its reserves whenever it issues new USDT tokens.
Tether USDt offers a variety of potential use cases. Its relative historical stability, compared to the high volatility of other cryptocurrencies, might make it attractive for beginners wanting to enter the cryptocurrency world. Additionally, USDT provides a way to transact a U.S. dollar equivalent across regions, countries, and even continents via blockchain, eliminating the need for traditional intermediaries like banks or financial service providers.
Tether USDt was launched in 2014 by Brock Pierce, Reeve Collins, and Craig Sellars. Originally known as Realcoin, it was the first blockchain-enabled platform to facilitate the digital use of traditional currencies. Over the years, Tether has made strides, allowing customers to transact with traditional currencies across the blockchain. Despite some controversies, Tether has continued its operations. As of November 2023, there were over 88.8 billion USDT tokens in circulation. Tether has expanded into the Latin American market in 2022 with the launch of MXNT, a new stablecoin backed by the Mexican peso.
We update our Tether to GBP currency in real-time. Get the live price of Tether on Coinbase.
The current market cap of Tether is £127.56B. A high market cap implies that the asset is highly valued by the market.
The all-time high of Tether is £0.90. This all-time high is highest price paid for Tether since it was launched.
Over the last 24 hours, the trading volume of Tether is £111.32B.
Assets that have a similar market cap to Tether include Ethereum, XRP, Bitcoin, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Tether is 172 billion.
Tether ranks 26 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 93% of Coinbase users are buying Tether. In other words, 93% of Coinbase customers have increased their net position in Tether over the past 24 hours through trading.
Yes, Tether is currently available on Coinbase ’s centralized exchange. For more detailed instructions, check out our helpful how to buy Tether guide.
Tether news
Trending articles
Social stats
Popularity in posts
#16
Contributors
2,627
Posts
11,956
% About Tether
0.771%
Hold times
0 days
X (Twitter)
93.8% bullish
Sentiment
4.9 ★
Highlights
2,627 unique individuals are talking about Tether and it is ranked #16 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Tether has an average sentiment score of 97 out of 5. Finally, Tether is becoming less newsworthy, with 0 news articles published about Tether.
On Twitter, people are mostly bullish about Tether. There were 94.35% of tweets with bullish sentiment compared to 0.59% of tweets with a bearish sentiment about Tether. 5.65% of tweets were neutral about Tether. These sentiments are based on 11925 tweets.
On Reddit, Tether was mentioned in 8 Reddit posts and there were 8 comments about Tether. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.