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Tether Price

USDT · #3 by market cap

Live price · USD
$1.02
+0.01%

0.00% 1h -0.36% 7d +0.04% 30d -0.14% 1y

Price data via CoinGecko API, refreshed every 60 seconds. Historical chart data daily-refreshed. See our methodology. Data & methodology reviewed by Maya Lin, Markets Editor · last editorial review Jul 2026.

Market cap
$187.98B
Rank #3
24h volume
$42.70B
Traded last 24h
Dominance
8.6%
of total market
Fully diluted val
$189.54B
FDV at max supply
Vol / mcap
22.7%
Liquidity ratio
Circulating
184.29B USDT
Uncapped supply

Tether — key takeaways

At-a-glance summary generated from live market data. Figures update each refresh cycle; not investment advice.

What’s moving Tether

Tether (USDT) is trading at $1.02, -0.36%% over the past week and +0.04%% over the month, as of Jul 4, 2026. Below is the latest reporting and analysis on Tether from the DMC News desk.

→ Tether price prediction: 2026, 2027, 2030 & 2035 scenarios
All Tether news & analysis from our desk →

Technical snapshot

Derived from 365-day price history
Bull-Bear Score
52/100
Neutral
RSI · 14-day
50.4
Neutral
03070100
Moving Avg Signal
Strong bear
vs 50d MA0.0%
vs 200d MA-0.1%
Volatility · 30d
1%
Low · annualised
50d MA: $0.9990
200d MA: $0.9995

Indicators are for informational purposes only and do not constitute investment advice. Past performance does not guarantee future results.

USDT weekly price chart (1 year)

-0.1% 1Y
$0.9977$0.9988$0.9998$1.00$1.00JulAugSepOctNovDecJanFebMarAprMayJunJulVolume
52-week high
$1.00
52-week low
$0.9980
Candles
53 wk

Each candle is one week. The body spans the week's open and close (green when it closed higher, red when lower); the wick marks the weekly high and low. Candles are aggregated from daily closing prices, so weekly highs and lows reflect daily closes rather than intraday extremes. Volume bars below show weekly trading activity.

Tether price prediction & peg outlook

Tether (USDT) is a stablecoin engineered to track $1.00, so a conventional appreciation forecast does not apply. The relevant question is peg stability: over the trailing year its price has held within a tight band (realised volatility ≈ 30.0%), and the model's expectation across 2026–2035 remains anchored at $1.00 under normal conditions, with transient depegs possible during market stress or reserve/redemption disruptions. Evaluate the collateral model, attestations and redemption mechanism rather than price targets.

Tether price returns & market statistics

Tether (USDT) trades at $1.02, ranked #3 by market capitalisation. The tables below summarise its performance across timeframes and its core supply and valuation metrics.

Price performance
PeriodChange
1 hour+0.0%
24 hours+0.0%
7 days-0.4%
30 days+0.0%
90 days-0.1%
1 year-0.1%
From all-time high-22.7%
From all-time low+78.2%
Market statistics
Market cap$187.98B #3
Fully diluted valuation$189.54B
24h trading volume$42.70B
Volume / market cap22.7%
Market dominance8.6%
Circulating supply184.29B USDT
Total supply189.76B USDT
Max supply
All-time high$1.32 Jul 24, 2018
All-time low$0.5725 Mar 2, 2015

Understanding Tether

What is Tether (USDT)?

Tether (USDT) is a stablecoin designed to hold a value of roughly $1.00, giving traders and users a way to move in and out of crypto positions and settle payments without exposure to volatile price swings. Its usefulness depends on the quality of its reserves or collateral and the reliability of its redemption mechanism. As of July 2026, Tether is the #3 cryptocurrency by market capitalisation, trading near $1.02.

How does Tether work?

The peg is maintained either by holding reserves (cash and short-term instruments) that back each token one-for-one, or by algorithmic and crypto-collateralised mechanisms that expand and contract supply. Arbitrageurs profit from buying below $1 and selling above it, which pulls the price back toward parity.

Sentiment & community signals

Daily refresh · CoinGecko
🐂 Bullish votes
55.6%
🐂 56% 🐻 44%

Sentiment votes are crowd-sourced and may not reflect actual price movements. Community and dev metrics indicate ecosystem health, not investment quality.

Peg & supply across chains

DefiLlama · 56m ago
Current peg
$0.9992
-7.7 bps · Healthy peg
$0.99peg$1.01
Total circulating
$184.11B
Across 8 chains
Largest deployment
Tron
$87.62B (48.3%)
Supply by chain
  • Tron
    $87.62B 48.3%
  • Ethereum
    $78.38B 43.2%
  • BSC
    $9.18B 5.1%
  • Solana
    $2.44B 1.4%
  • Arbitrum
    $977.30M 0.5%
  • Plasma
    $927.19M 0.5%
  • Polygon
    $896.58M 0.5%
  • Aptos
    $856.37M 0.5%

Stablecoins live as separate token contracts on each chain. Cross-chain supply totals here are based on DefiLlama's tracked issuance — not bridged or wrapped representations.

ROI calculator

Hypothetical · educational only
Today it would be worth
$—

Calculations use historical end-of-day prices. Past performance is not indicative of future results. Cryptocurrency investments carry significant risk.

Where to trade Tether

10 exchanges · sorted by volume
# Exchange Pair Price
1 CoinW BTC/USDT $0.9993 Trade ↗
2 BTCC BTC/USDT $0.9993 Trade ↗
3 CoinUp.io BTC/USDT $0.9993 Trade ↗
4 CoinUp.io ETH/USDT $0.9993 Trade ↗
5 Pionex BTC/USDT $0.9992 Trade ↗
6 Binance USDC/USDT $0.9993 Trade ↗
7 BTCC ETH/USDT $0.9993 Trade ↗
8 Azbit BTC/USDT $0.9991 Trade ↗
9 Binance BTC/USDT $0.9993 Trade ↗
10 KCEX BTC/USDT $0.9993 Trade ↗

Trust score reflects exchange liquidity, age, and order book depth (CoinGecko methodology). External links are not endorsements — always verify the exchange in your jurisdiction.

Other stablecoins

Top 9 by market cap

Live market data, refreshed continuously. Click any coin to view its full profile.

Compared to peers

Normalised · max = 100
Market Cap 24h Volume Stability Dev Activity Community Liquidity
Tether USDT
Bitcoin BTC
USDC USDC

Each axis is scaled to the largest value across the compared coins (= 100). Larger polygons indicate higher overall metrics. "Stability" is the inverse of 30-day volatility.

Tokenomics & supply

Total issued: 189,756,765,085 USDT
Circulating 97.1%
  • Circulating 184,289,823,355 USDT 97.1%
  • Issued but locked 5,466,941,730 USDT 2.9%

Uncapped supply — new tokens enter circulation per protocol schedule.

Tether price analysis

At $1.02, Tether (USDT) is currently well below its previous peak. That is 22.7% below the record high of $1.32, and roughly 78% above the all-time low of $0.5725.

Momentum-wise, USDT has traded broadly sideways over the past month (-0.36% (7d), +0.04% (30d), -0.14% (1y)). With 24-hour volume at 22.7% of market cap, turnover is high, signalling active two-way trading. Crypto prices are highly volatile; these readings describe recent history, not a forecast.

What drives the price of Tether?

As a stablecoin, USDT is designed to track the US dollar, so its price should stay near $1.00. What matters is not appreciation but peg stability, the quality and transparency of reserves, and total supply — supply growth signals rising demand for on-chain dollar liquidity.

Tether has no fixed supply cap, so the rate of new issuance (and any burn mechanism that removes tokens) is an important driver of its long-term price.

Like nearly all crypto assets, USDT also trades with a strong correlation to Bitcoin and to overall risk appetite. Macro liquidity, US-dollar strength, interest-rate expectations, regulatory headlines and new exchange listings can all move the price independently of project fundamentals.

Risks & considerations

  • High volatility. Tether can gain or lose a large share of its value in a short time. Over the past year alone USDT has moved about 0%.
  • Regulatory uncertainty. Crypto rules differ by jurisdiction and continue to evolve, which can affect availability, liquidity and price.
  • De-peg & issuer risk. The value depends on the issuer holding adequate, redeemable reserves; stablecoins have broken their peg before during stress events.
  • Not advice. Only allocate capital you can afford to lose, and consider consulting a licensed financial adviser. Nothing on this page is personalised investment advice.

About Tether

Tether (USDT) is the largest stablecoin by market capitalisation and trading volume. Issued by Tether Limited (Hong Kong / British Virgin Islands), each USDT is pegged 1:1 to the US dollar and is intended to be backed by an equivalent value in reserves — primarily cash, short-duration US Treasury bills, secured loans, and other assets.

USDT does not have its own blockchain or consensus mechanism. Instead, Tether issues USDT as separate token contracts on multiple chains: most notably Tron (largest deployment by volume) and Ethereum, with additional supply on Solana, BNB Chain, Avalanche, Arbitrum, and others. The chain-by-chain breakdown is shown in the on-chain metrics above.

USDT serves as the primary quote currency on most crypto exchanges — BTC/USDT, ETH/USDT, and so on — making it the de facto unit of account for crypto trading globally. Its high liquidity, broad chain availability, and 24/7 settlement make it favoured for cross-border value transfer, particularly in jurisdictions with capital controls or limited banking access.

Tether publishes quarterly attestation reports describing its reserve composition. The peg has held to within a few basis points of $1.00 through multiple market stress events, though the asset has faced periodic regulatory scrutiny over reserve transparency. Investors typically monitor the peg deviation (shown above as basis points from $1.00) as a real-time confidence indicator.

Frequently asked questions about Tether

What is Tether (USDT)?

Tether (USDT) is a cryptocurrency listed on global exchanges and tracked across major data providers. It currently ranks #3 among all cryptocurrencies by total market value. It belongs to the Stablecoins and USD Stablecoin category. Live price, market cap, trading volume, and historical performance are displayed on this page and refreshed continuously.

How does Tether work?

Tether (USDT) is a centralised stablecoin issued by Tether Limited, pegged 1:1 to the US dollar. Each USDT is intended to be backed by reserves (cash, US Treasuries, secured loans, and other assets) held by the issuer. USDT exists as separate token contracts deployed on multiple blockchains — most notably Tron and Ethereum, with smaller deployments on Solana, BSC, and others. Tether publishes quarterly attestation reports describing its reserve composition. USDT does not have a consensus mechanism of its own; it inherits security from whichever chain its tokens are deployed on.

How much Tether is in circulation?

Tether has no hard supply cap. There are currently 184,289,823,355 USDT in circulation, and the supply continues to grow at a rate determined by the protocol's issuance schedule.

What is the all-time high price of Tether?

Tether reached an all-time high of $1.32 on July 24, 2018. Currently the price sits 22.7% below this peak. All-time highs are useful benchmarks for assessing the asset's historical price range, but past performance does not predict future results.

How can I buy Tether?

Tether (USDT) is traded on most major cryptocurrency exchanges, including Binance, Coinbase, Kraken, OKX, Bybit, and Bitstamp. Availability depends on your jurisdiction and the exchange's listings. After purchase, many users transfer their USDT to a self-custody wallet for long-term storage. This information is educational and does not constitute investment advice.

Is Tether a good investment?

Cryptocurrencies, including Tether, are highly volatile and carry significant risk of loss. Over the past year, USDT has lost approximately 0.1% of its value. Whether Tether is appropriate for a given portfolio depends on the investor's individual risk tolerance, time horizon, and financial situation. Always research the project's fundamentals, understand the risks, and only allocate capital you can afford to lose. This page provides market data only, not personalised investment advice. Consider consulting a licensed financial advisor before making investment decisions.

How is Tether different from Bitcoin?

Bitcoin (BTC) was the first cryptocurrency, designed primarily as a digital store of value and peer-to-peer payment network with a fixed supply of 21 million coins. Tether (USDT) focuses on stablecoins use cases, with a different technical design, supply schedule, and ecosystem. Bitcoin derives its value primarily from scarcity, security, and brand recognition, while Tether's value is tied to adoption within its specific use case and underlying network effects.

What is the market cap of Tether?

Tether (USDT) has a market capitalisation of approximately $187.98B, which ranks it #3 among all cryptocurrencies. Market cap is calculated as the circulating supply multiplied by the current price and is the most common way to compare the relative size of cryptocurrencies. It updates continuously as the price moves.

What determines the price of Tether?

The price of Tether (USDT) is set continuously by supply and demand across global exchanges. The main factors are its circulating and maximum supply, trading volume and liquidity, overall crypto-market sentiment, its correlation with Bitcoin, regulatory developments, and real adoption of the underlying network. Because the market trades 24 hours a day, the price can change at any moment.

What is the Tether price prediction?

No one can reliably predict the future price of Tether or any cryptocurrency. Where sufficient history is available, this page shows a model-based forecast range derived from historical volatility and trend — it should be read as a scenario illustration, not a target or a promise. Crypto prices are highly volatile and shaped by events no model can foresee, so always do your own research and never invest more than you can afford to lose.

Is Tether safe?

"Safe" depends on two separate things: how you hold Tether (USDT), and price risk. For custody, use reputable exchanges and consider a self-custody hardware wallet for larger amounts, and never share your private keys or seed phrase. For price, every cryptocurrency is volatile and can lose value quickly, so only commit capital you can afford to lose. Being listed on major exchanges is not an endorsement or a guarantee against loss.

Can I stake Tether?

Whether Tether can be staked depends on its consensus mechanism. Proof-of-Stake networks let holders lock USDT — by running a validator or delegating to one — to help secure the network and earn rewards. Check Tether's underlying technology first, use only reputable providers, and be aware that staked funds can face lock-up periods and, on some networks, slashing penalties.

Latest news about Tether

View all Tether news →