Tether USDt, or USDT, is a digital token launched in 2014, designed to bridge traditional currencies with blockchain technology. Pegged to the value of one U.S. dollar, USDT is considered a stablecoin, aiming to offer consistency in value. Its issuer claims that each USDT token is backed by reserves consisting of assets like cash equivalents and loans. Operating on multiple blockchains, including Ethereum, Avalanche, and Algorand, Tether USDt facilitates transactions across diverse networks. Note: Coinbase currently supports USDT only on the Ethereum blockchain (ERC-20), so ensure compatibility when using the platform.

Tether USDt functions as a digital token on various blockchain platforms, designed to maintain a stable value equivalent to one U.S. dollar. The issuing company aims to support this peg by allocating reserves to match the amount of USDT in circulation, including cash and other assets. Whenever new USDT tokens are issued, the corresponding amount is reportedly added to Tether's reserves. Through this process, Tether seeks to provide transparency and stability, with the value of USDT remaining aligned with the U.S. dollar for seamless digital transactions.

Tether USDt has been designed to offer a range of use cases, especially for users seeking stable value in digital transactions. It aims to offer a way to hold and transfer a U.S. dollar equivalent across borders without relying on traditional financial institutions. This utility can be valuable for payments, remittances, and trading in volatile cryptocurrency markets. Additionally, USDT's design, which aims to maintain a stable value, enables users to access blockchain-based decentralized finance (DeFi) platforms, providing opportunities to participate in the expanding digital ecosystem.

Launched in 2014 by Brock Pierce, Reeve Collins, and Craig Sellars, Tether USDt was originally introduced as Realcoin. It was among the first projects to enable the digital representation of fiat currencies on the blockchain. Over time, Tether has expanded its use, facilitating cross-border transactions and supporting digital finance applications. By December 2025, around 135 billion USDT tokens were in circulation, highlighting its widespread adoption. Tether also ventured into new markets, such as Latin America, by introducing MXNT, a stablecoin tied to the Mexican peso. Despite fluctuations in the broader crypto market, Tether USDt’s peg to the U.S. dollar has made it a prominent choice for payments, remittances, and decentralized finance. Its price today and live price reflect its steady value, distinguishing it from more volatile digital assets.

Tether USDt can be sent, received, and managed through platforms like Coinbase and other financial technology services. These platforms allow users to track USDT's price today, observe its live price, and monitor its current value compared to historical trends. When using Coinbase, it’s essential to send USDT only on the Ethereum blockchain (ERC-20) for compatibility. With these tools, users can manage their Tether USDt efficiently and stay informed about its price now and performance in the market.

Tether (USDT) has positioned itself as a widely used stablecoin in the cryptocurrency ecosystem. Designed to maintain a 1:1 peg with the U.S. dollar, Tether is often utilized for transactions, remittances, and as a stable store of value within digital markets. Its future will likely depend on how well it adapts to evolving regulatory frameworks and user demands. Tether's ability to provide consistent transparency about its reserves and maintain its peg will be key factors in ensuring user trust and adoption.

Since Tether is pegged to the U.S. dollar at a 1:1 ratio, $100 USD typically converts to approximately 100 USDT. This parity is what might make USDT an interesting choice for traders and users in need of a stable digital asset. However, it’s important to note that slight deviations in the peg can occur due to market conditions or trading activity. For instance, during high demand or market volatility, the value of USDT relative to USD may vary slightly. Nonetheless, Tether’s mechanism is designed to bring the value back in line with the dollar over time.

Tether’s worth is intended to stay close to $1 USD per USDT, ensuring a stable value for users. Minor fluctuations in its price may occur due to market supply and demand dynamics or trading activity on exchanges. For instance, during periods of high market uncertainty, the price of USDT might briefly rise or fall by a fraction of a cent before returning to its pegged value. These small variations are typically corrected as the market stabilizes and as Tether ensures liquidity for maintaining its 1:1 peg with the U.S. dollar.

Yes, Tether (USDT) can be converted to USD through various cryptocurrency exchanges and platforms. To do this, users can trade USDT for USD, which can then be withdrawn to traditional bank accounts or payment services. Peer-to-peer platforms also allow users to exchange USDT for USD directly with other individuals. The availability of conversion options depends on the platform and the regulatory framework in your region. While the process is straightforward, transaction fees and transfer times may vary depending on the chosen method.

As of December 2024, there are approximately 135 billion USDT tokens in circulation. Unlike cryptocurrencies like Bitcoin, which have a fixed supply, Tether’s supply is adjusted dynamically. New tokens are issued when demand increases, and tokens are removed from circulation when users redeem them for fiat currency. This process ensures that the supply of USDT aligns with market demand. The ability to adjust supply helps maintain the 1:1 peg with the U.S. dollar while supporting liquidity in the cryptocurrency market.

Tether tokens are issued on multiple blockchain platforms, including Ethereum, Tron, and Binance Smart Chain. The security of USDT relies on the protocols of the underlying blockchain networks. For example, Ethereum uses a proof-of-stake (PoS) consensus mechanism, while other blockchains may use similar or alternative mechanisms. These protocols validate transactions, ensure decentralization, and protect against fraud. By operating on diverse blockchains, Tether benefits from the collective security and robustness of these networks, reducing the risk of a single point of failure.

Tether’s distinction lies in its long-standing presence in the cryptocurrency market and its extensive adoption across multiple blockchain platforms. It was one of the earliest stablecoins, helping to establish the concept of a digital asset tied to fiat currency. Additionally, its integration with various blockchains allows Tether to offer broad accessibility and liquidity for users and traders. Compared to some newer stablecoins, Tether’s multi-platform support provides users with flexibility for transferring and trading assets.

USDT does not have a fixed maximum supply. Instead, Tether adjusts the supply dynamically based on market demand. When users exchange fiat currency for USDT, new tokens are issued. Conversely, when users redeem USDT for fiat, the corresponding tokens are removed from circulation. This system allows Tether to maintain its 1:1 peg to the U.S. dollar while responding to changing market conditions. The supply of USDT, therefore, fluctuates as the needs of the cryptocurrency market evolve.

We update our Tether to USD currency in real-time. Get the live price of Tether on Coinbase.