Tether Price Today · USDT $0.9990 · Live Chart

Technical snapshot

Derived from 31-day price history

Bull-Bear Score

37/100

Bearish

RSI · 14-day

25.4

Oversold

03070100

Moving Avg Signal

—

Volatility · 30d

0%

Low · annualised

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

Peg & supply across chains

DefiLlama · 38m ago

Current peg

$0.9990

-10.1 bps · Healthy peg

$0.99peg$1.01

Total circulating

$189.53B

Across 8 chains

Largest deployment

Tron

$88.35B (47.4%)

Supply by chain

Tron

$88.35B 47.4%
Ethereum

$82.89B 44.5%
BSC

$9.17B 4.9%
Solana

$2.52B 1.4%
Arbitrum

$977.17M 0.5%
Aptos

$863.51M 0.5%
Polygon

$849.90M 0.5%
Plasma

$813.55M 0.4%

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

If I invested

$

On this date —

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	24h Volume	Spread
1	Binance	USDC/USDT	$0.9990	$2.76B	0.01%	Trade ↗
2	CoinUp.io	BTC/USDT	$0.9990	$2.46B	0.01%	Trade ↗
3	Azbit	BTC/USDT	$0.9990	$2.43B	0.01%	Trade ↗
4	BTCC	BTC/USDT	$0.9990	$2.06B	0.01%	Trade ↗
5	Pionex	BTC/USDT	$0.9990	$1.81B	0.01%	Trade ↗
6	CoinUp.io	ETH/USDT	$0.9990	$1.79B	0.01%	Trade ↗
7	BitMart	BTC/USDT	$0.9990	$1.12B	0.01%	Trade ↗
8	BTCC	ETH/USDT	$0.9990	$997.58M	0.01%	Trade ↗
9	KCEX	BTC/USDT	$0.9990	$955.49M	0.01%	Trade ↗
10	Binance	BTC/USDT	$0.9990	$866.11M	0.01%	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.

Compared to peers

Normalised · max = 100

Tether USDT

Bitcoin BTC

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.

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. 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 189,856,565,829 USDT in circulation, and the supply continues to grow at a rate determined by the protocol's issuance schedule.

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. 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 different design goals, 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.