Understanding Tether (USDT)
Tether (USDT) is a USD-pegged stablecoin launched on June 9, 2014, designed to maintain a 1:1 value ratio with the US dollar. As the fourth-largest cryptocurrency by market capitalization, it serves as a bridge between fiat currencies and digital assets, offering price stability in volatile markets.
Key Features of USDT
- Stablecoin Mechanism: Backed by reserves (cash & equivalents)
- Multichain Support: Available across 10+ blockchains
- High Liquidity: $121.3B circulating supply
- Real-World Utility: Used for trading, remittances, and DeFi
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USDT Market Data (Live)
| Metric | Value |
|---|---|
| Current Price | $1.00 |
| 24H Change | -0.02% |
| Circulating Supply | 121.3B USDT |
| Total Supply | 121.3B USDT |
| 24H Trading Volume | $0* |
*Data temporarily unavailable
Trading Markets Overview
USDT trades across 200+ exchanges with these key pairings:
- Crypto-to-Crypto: BTC/USDT, ETH/USDT
- Fiat Gateways: USD/USDT, EUR/USDT
Why Investors Choose USDT
- Portfolio Stability: Hedge against volatility
- Fast Transactions: Settlements in minutes
- Global Accessibility: Available 24/7
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FAQ: Tether (USDT) Essentials
Q: Is USDT fully backed by USD?
A: Tether maintains reserves exceeding 100% of issued USDT, including cash, cash equivalents, and other assets.
Q: How does USDT maintain its peg?
A: Through market arbitrage - when price deviates, authorized participants mint/burn tokens to restore equilibrium.
Q: What blockchains support USDT?
A: Ethereum, Tron, Solana, Avalanche, and 10+ others.
Risk Considerations
Cryptocurrency investments carry inherent risks. Investors should:
- Assess personal risk tolerance
- Verify transaction details
- Understand stablecoin mechanisms
This market data is provided for informational purposes only. Price information may be delayed and is not guaranteed to be accurate.