Tether (USDT) is a leading stablecoin in the cryptocurrency market, designed to maintain a stable value pegged to the US dollar. As of the latest data, USDT is trading at $1.00, reflecting its primary goal of minimal price volatility. With a market capitalization of $157.88 billion and a circulating supply of 157.83 billion tokens, Tether plays a crucial role in crypto trading and liquidity provision.
In the past 24 hours, USDT has seen a slight increase of +0.02%, while over the week, it has remained almost unchanged with a minor decline of -0.00%. This stability is central to its function as a digital dollar equivalent.
Key Market Statistics
- 52-Week Average Volume: $127.07 trillion
- 52-Week Price Range: $0.9932 - $1.00
- Circulating Supply: 157.83 billion USDT
What is Tether (USDT)?
Tether (USDT) is a fiat-collateralized stablecoin. Its core innovation is a distributed method for transferring value that leverages blockchain technology while maintaining a direct link to traditional currency. Each USDT token is backed by reserves held in its treasury, aiming for a one-to-one ratio with the US dollar. This structure provides organizations and individual users with a familiar, less volatile medium of exchange and store of value within the digital asset ecosystem.
The system's accountability is maintained through regular Proof of Reserves audits and other verification methods conducted by professional auditors. This ensures that all issued tokens are fully backed at all times, providing transparency and trust.
Supported Blockchains and Availability
Tether's versatility stems from its multi-chain presence. USDT exists as a token on numerous blockchain networks, enhancing its accessibility and utility. This broad distribution allows users to transact with USDT across different ecosystems with low transaction fees and fast settlement times.
Major blockchains supporting USDT include:
- Ethereum (ERC-20)
- Tron (TRC-20)
- Binance Smart Chain (BEP-20)
- Solana
- Polygon
- Avalanche
- Algorand
- And many others
Trading USDT on Exchanges
Tether is the most traded cryptocurrency by volume, offering deep liquidity across the global market. It is listed on a vast number of trading platforms.
- Total Trading Pairs: 31,189 pairs
- Number of Exchanges: 38 exchanges
- 24-Hour Trading Volume: Billions of dollars, with leading exchanges like Indoex and CoinDCX facilitating significant portions of this activity.
Its primary use case on exchanges is as a trading pair against other cryptocurrencies, allowing traders to hedge against volatility and move in and out of positions quickly. For those looking to diversify their portfolio or execute advanced trading strategies, 👉 explore more trading strategies on major platforms.
Tether Price History and Stability
Unlike volatile cryptocurrencies, Tether's price history is a study in stability. Its design ensures it remains tightly pegged to $1.00.
In the past year, USDT reached its highest price of $1.00 in August 2024 and its lowest point of $0.9932 in June 2025. These minor deviations are typically short-lived and are quickly arbitraged back to the peg, demonstrating the resilience of its market mechanisms.
Technical Analysis Overview
Daily technical indicators for USDT primarily reflect its stable nature. The indicators typically hover in "neutral" territory, indicating a balance between buying and selling pressure with no strong directional bias.
Key Daily Indicators (Beta):
- RSI(14): 49.52 (Neutral)
- STOCH(9,6): 72.13 (Neutral)
- MACD(12,26): -0.00008920 (Neutral)
Moving averages like the SMA20, SMA50, SMA100, and SMA200 all converge very closely to the $1.00 mark, further confirming its price stability over different time horizons.
The Role and Importance of Tether
Tether serves as a critical bridge between traditional finance and the digital asset world. It provides several key benefits:
- Stability: Offers a safe haven during periods of high market volatility.
- Liquidity: Acts as the primary liquidity source for crypto-to-crypto trading.
- Efficiency: Enables fast and cheap transfers of value across borders and blockchains.
- Transparency: Ongoing efforts to provide audited Proof of Reserves increase user trust.
Its infrastructure supports a wide range of financial activities, from remittances and payments to decentralized finance (DeFi) lending and borrowing. To understand how to leverage stablecoins in a dynamic market, 👉 view real-time market tools.
Frequently Asked Questions
What guarantees that 1 USDT is always worth $1.00?
Tether Limited claims to maintain reserves that fully back all issued USDT tokens. The company aims for a one-to-one backing with traditional currency and cash equivalents, which is intended to stabilize the price through a reserve system. Market arbitrage also helps correct minor price deviations.
How is Tether different from other stablecoins?
Tether was the first major stablecoin and has the largest market cap and liquidity. Unlike algorithmic stablecoins, it is primarily fiat-collateralized. Its multi-chain presence is also more extensive than many competitors, making it highly accessible.
What are the main risks of holding USDT?
The primary perceived risk is counterparty risk—the possibility that Tether Limited does not hold sufficient reserves to redeem all tokens. Regulatory changes and banking relationship issues also represent potential risks that could impact its stability.
On which blockchain should I hold USDT?
The best blockchain for holding USDT depends on your intended use. For trading on major centralized exchanges, the chain is often irrelevant. For DeFi applications, consider chains with low transaction fees and high speed, like Tron or Binance Smart Chain, while Ethereum remains a top choice for its widespread acceptance.
How can I verify Tether's reserves?
Tether publishes periodic reports on its website detailing the composition of its reserves. These reports are prepared by independent auditors to verify that the company's holdings match the circulating supply of USDT tokens.
Can Tether's price ever deviate significantly from $1?
While rare, temporary de-pegging events can occur due to extreme market stress or negative news. However, the company's redemption mechanism and market arbitrage activity have historically worked to restore the peg relatively quickly.