Crypto
Tether
SymbolUSDT
CategoryStablecoins
NetworkMulti-chain
ConsensusCentralized (Tether Ltd)
Market Cap$143B
$1.00+0.00 (+0.00%)
$1.00Open
$1.00High
$1.00Low
$1.00Prev Close
69.0BVolume (24h)
$143BMarket Cap
143B USDTCirculating Supply
UnlimitedMax Supply
$1.22All-Time High
$0.57All-Time Low
$1.006M High
$1.006M Low
+0.00%YTD Change
+0.00%1Y Change
Multi-chainNetwork
Centralized (Tether Ltd)Consensus
USDCurrency
Price Chart
At a Glance
Tether (USDT) is the largest stablecoin by market cap and trading volume. Issued by Tether Ltd, each USDT is backed by a basket of reserves including US Treasuries, cash equivalents, and other assets. USDT serves as the primary trading pair for most crypto exchanges and is the backbone of crypto market liquidity worldwide.
Network Stats
$55B+24h Trading Volume
15+Supported Chains
$91BReserves (US Treasuries)
$3.5BQuarterly Profit (Q4'25)
350M+Active Wallets
$0.999–1.001Peg (24h range)
0.1%Redemption Fee
QuarterlyAudit Frequency
Key Drivers
Market Dominance
bullishUSDT has ~70% stablecoin market share and is the most liquid digital asset for trading and settlement.
Transparency Concerns
bearishDespite quarterly attestations, Tether has faced ongoing scrutiny over reserve composition and audit quality.
Regulatory Pressure
bearishUS and EU stablecoin regulations may impact Tether's operations and force reserve restructuring.