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Cryptocurrencies:  7,180Markets:  29,971Market Cap:  $341,751,431,94024h Vol:  $100,785,925,361BTC Dominance:  57.9%
Market Cap:  $341,751,431,94024h Vol:  $100,785,925,361BTC Dominance:  57.9%Cryptocurrencies:  7,180Markets:  29,971
Tether

Tether (USDT)

$1.00 USD (0.04%)
0.00009645 BTC (1.21%)
0.00296305 ETH (0.92%)
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  • Market Cap
    $15,244,799,775 USD
    1,467,957 BTC
    45,099,466 ETH
  • Volume (24h)
    $41,592,018,275 USD
    4,004,992 BTC
    123,043,781 ETH
  • Circulating Supply
    15,220,640,371 USDT
  • Total Supply
    15,876,284,578 USDT
  • Historical data for Tether

    Currency in USD
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    DateOpen*HighLowClose**VolumeMarket Cap
    Date
    DateOpen*HighLowClose**VolumeMarket Cap
    Sep 24, 2020
    1.00
    1.01
    0.995470
    1.00
    37,248,150,301
    15,256,880,182
    Sep 23, 2020
    1.00
    1.01
    0.995910
    1.00
    36,739,811,272
    15,245,064,232
    Sep 22, 2020
    1.00
    1.01
    0.998589
    1.00
    38,413,876,677
    15,233,945,625
    Sep 21, 2020
    1.00
    1.01
    0.996663
    1.00
    51,961,935,426
    15,243,875,313
    Sep 20, 2020
    1.00
    1.01
    0.996914
    1.00
    39,841,903,146
    15,238,740,760
    Sep 19, 2020
    1.00
    1.01
    0.996977
    1.00
    37,361,830,219
    15,228,650,868
    Sep 18, 2020
    1.00
    1.02
    0.997177
    0.999502
    47,248,825,663
    15,103,276,766
    Sep 17, 2020
    1.00
    1.01
    0.999017
    1.00
    51,695,424,541
    15,073,198,578
    Sep 16, 2020
    1.00
    1.01
    0.999355
    1.00
    50,682,289,026
    14,999,924,553
    Sep 15, 2020
    1.00
    1.01
    0.998797
    1.00
    49,718,173,930
    14,945,264,816
    Sep 14, 2020
    0.998951
    1.01
    0.993981
    1.00
    49,936,255,991
    14,728,290,333
    Sep 13, 2020
    1.00
    1.01
    0.995756
    0.999213
    46,330,693,824
    14,697,754,458
    Sep 12, 2020
    1.00
    1.01
    0.997937
    1.00
    43,506,381,696
    14,702,420,809
    Sep 11, 2020
    1.00
    1.01
    0.992306
    1.00
    46,009,434,500
    14,594,441,178
    Sep 10, 2020
    1.00
    1.01
    0.994600
    1.00
    52,111,960,702
    14,452,950,931
    Sep 09, 2020
    1.00
    1.01
    0.998093
    1.00
    42,234,198,845
    14,362,185,113
    Sep 08, 2020
    1.00
    1.01
    0.990326
    1.00
    56,334,310,286
    14,214,715,952
    Sep 07, 2020
    1.00
    1.01
    0.993470
    1.00
    59,139,010,478
    14,153,158,068
    Sep 06, 2020
    1.00
    1.01
    0.995432
    1.00
    66,315,625,008
    14,167,651,779
    Sep 05, 2020
    1.00
    1.02
    0.993340
    1.00
    78,154,159,842
    14,092,690,948
    Sep 04, 2020
    1.01
    1.02
    0.992311
    1.00
    55,525,478,963
    13,982,320,499
    Sep 03, 2020
    1.00
    1.03
    0.991620
    1.01
    57,562,780,194
    13,827,028,754
    Sep 02, 2020
    1.00
    1.02
    0.997990
    1.00
    52,855,722,597
    13,648,663,243
    Sep 01, 2020
    1.00
    1.01
    0.997956
    1.00
    49,809,584,105
    13,483,837,146
    Aug 31, 2020
    1.00
    1.01
    0.998818
    1.00
    37,949,635,827
    13,368,167,896
    Aug 30, 2020
    1.00
    1.01
    0.998582
    1.00
    36,153,398,644
    10,009,950,000
    Aug 29, 2020
    1.00
    1.01
    1.00
    1.00
    31,070,541,135
    10,026,455,823
    Aug 28, 2020
    1.00
    1.00
    0.999367
    1.00
    31,740,187,752
    10,018,578,135
    Aug 27, 2020
    1.00
    1.01
    0.996732
    1.00
    38,341,362,890
    10,020,277,863
    Aug 26, 2020
    1.00
    1.00
    0.998526
    1.00
    37,126,595,563
    10,016,747,023
    Aug 25, 2020
    1.00
    1.01
    0.998970
    1.00
    42,567,672,036
    10,021,867,398

About Tether

What Is Tether (USDT)?

USDT is a stablecoin (stable-value cryptocurrency) that mirrors the price of the U.S. dollar, issued by a Hong Kong-based company Tether. The token’s peg to the USD is achieved via maintaining a sum of dollars in reserves that is equal to the number of USDT in circulation.

Originally launched in July 2014 as Realcoin, a second-layer cryptocurrency token built on top of Bitcoin’s blockchain through the use of the Omni platform, it was later renamed to USTether, and then, finally, to USDT. In addition to Bitcoin’s, USDT was later updated to work on the Ethereum, EOS, Tron, Algorand, SLP and OMG blockchains.

The stated purpose of USDT is to combine the unrestricted nature of cryptocurrencies — which can be sent between users without a trusted third-party intermediary — with the stable value of the US dollar.

Who Are The Founders Of Tether?

USDT — or as it was known at the time, Realcoin — was launched in 2014 by Brock Pierce, Reeve Collins and Craig Sellars.

Brock Pierce is a well-known entrepreneur who has co-founded a number of high-profile projects in the crypto and entertainment industries. In 2013, he co-founded a venture capital firm Blockchain Capital, which by 2017 had raised over $80 million in funding. In 2014, Pierce became the director of the Bitcoin Foundation, a nonprofit established to help improve and promote Bitcoin. Pierce has also co-founded Block.one, the company behind EOS, one of the largest cryptocurrencies on the market.

Reeve Collins was the CEO of Tether for the first two years of its existence. Prior to that, he had co-founded several successful companies, such as the online ad network Traffic Marketplace, entertainment studio RedLever and gambling website Pala Interactive. As of 2020, Collins is heading SmarMedia Technologies, a marketing and advertising tech company.

Other than working on Tether, Craig Sellars has been a member of the Omni Foundation for over six years. Its Omni Protocol allows users to create and trade smart-contract based properties and currencies on top of Bitcoin’s blockchain. Sellars has also worked in several other cryptocurrency companies and organizations, such as Bitfinex, Factom, Synereo and the MaidSafe Foundation.

What Makes Tether Unique?

USDT’s unique feature is the fact that its value is guaranteed by Tether to remain pegged to the U.S. dollar. According to Tether, whenever it issues new USDT tokens, it allocates the same amount of USD to its reserves, thus ensuring that USDT is fully backed by cash and cash equivalents.

The famously high volatility of the crypto markets means that cryptocurrencies can rise or fall by 10-20% within a single day, making them unreliable as a store of value. USDT, on the other hand, is protected from these fluctuations.

This property makes USDT a safe haven for crypto investors: during periods of high volatility, they can park their portfolios in Tether without having to completely cash out into USD. In addition, USDT provides a simple way to transact a U.S. dollar equivalent between regions, countries and even continents via blockchain — without having to rely on a slow and expensive intermediary, like a bank or a financial services provider.

However, over the years, there have been a number of controversies regarding the validity of Tether’s claims about their USD reserves, at times disrupting USDT’s price, which went down as low as $0.88 at one point in its history. Many have raised concerns about the fact that Tether’s reserves have never been fully audited by an independent third party.

Looking for market and blockchain data for BTC? Visit our block explorer.

Want to buy crypto? Use CoinMarketCap’s guide.

How Many Tether (USDT) Coins Are There In Circulation?

There is no hard-coded limit on the total supply of USDT — given the fact that it belongs to a private company, theoretically, its issuance is limited only by Tether’s own policies. However, because Tether claims that every single USDT is supposed to be backed by one U.S. dollar, the amount of tokens is limited by the company’s actual cash reserves.

Moreover, Tether does not disclose its issuance schedules ahead of time. Instead, they provide daily transparency reports, listing the total amount of their asset reserves and liabilities, the latter corresponding to the amount of USDT in circulation.

As of September 2020, there are over 14.4 billion USDT tokens in circulation, which are backed by $14.6 billion in assets, according to Tether.

How Is the Tether Network Secured?

USDT does not have its own blockchain — instead, it operates as a second-layer token on top of other cryptocurrencies’ blockchains: Bitcoin, Ethereum, EOS, Tron, Algorand, Bitcoin Cash and OMG, and is secured by their respective hashing algorithms.

Where Can You Buy Tether (USDT)?

USDT is available on a large number of cryptocurrency exchanges. In fact, USDT’s average daily trading volume is often on par or even exceeds that of Bitcoin. It is especially prominent on those exchanges where fiat-to-crypto trading pairs are unavailable, as it provides a viable alternative to USD. Here are some of the most popular exchanges that support Tether trading:

Tether Price

Tether Price$1.00 USD
Tether ROI
0.16%
Market Rank#3
Market Cap$15,244,799,775 USD
24 Hour Volume$41,592,018,275 USD
Circulating Supply15,220,640,371 USDT
Total Supply15,876,284,578 USDT
Max SupplyNo Data
All Time High
$1.21 USD
(May 27, 2017)
All Time Low
$0 USD
(Sep 18, 2019)
52 Week High / Low
$1.08 USD /
$0.899490 USD
90 Day High / Low
$1.06 USD /
$0.988427 USD
30 Day High / Low
$1.03 USD /
$0.991814 USD
7 Day High / Low
$1.02 USD /
$0.996732 USD
24 Hour High / Low
$1.02 USD /
$0.997990 USD
Yesterday's High / Low
$1.01 USD /
$0.995470 USD
Yesterday's Open / Close
$1.00 USD /
$1.00 USD
Yesterday's Change$-0.000091 USD (-0.01%)
Yesterday's Volume$37,248,150,301 USD
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