Tether key statistics
As of July 7, 2026, Tether (USDT) is trading at $0.9992, down +0.01% over the past 24 hours. It ranks #3 by market cap, currently $184.22B, with $51.64B traded in the last 24 hours. Circulating supply is 184.36B USDT.
Volume / mkt cap
Total supply
From all-time high
What is Tether (USDT)?
Tether (USDT) is the largest stablecoin by market capitalisation and one of the most traded assets in all of crypto. Issued by Tether Limited, a company with corporate connections to the iFinex group that owns Bitfinex, it was first launched in 2014 as "Realcoin" before being renamed Tether. Each USDT token is designed to track the US dollar at a one-to-one ratio, with Tether Limited claiming to hold reserves of assets sufficient to back every token in circulation. USDT is issued across multiple blockchains, including Ethereum (as an ERC-20 token), Tron, Solana and others, making it a ubiquitous settlement layer across the crypto market and the dominant trading pair on most centralised and decentralised exchanges.
Stablecoins like USDT serve a practical function in crypto markets: they let traders and DeFi users hold a dollar-denominated asset without leaving the blockchain ecosystem, avoid the friction of converting to fiat between trades, and park value during volatile periods. USDT is also extensively used for cross-border transfers in regions where access to US banking is limited, because it can be sent peer-to-peer on public blockchains to anyone with a wallet address.
Tether Limited has faced significant and prolonged scrutiny over the composition and transparency of its reserves. In 2021 it settled with the New York Attorney General over allegations that it had misrepresented how it backed USDT, paying a fine without admitting wrongdoing. Earlier it settled with the US Commodity Futures Trading Commission over similar allegations. Tether now publishes quarterly attestations from an independent accounting firm, but has not released a full public audit. Its reserve portfolio has shifted over time from an earlier, more diverse mix toward a higher proportion of US Treasury bills. The absence of a fully audited reserve remains a regularly cited risk factor by analysts.
A peg is a target, not a guarantee. USDT has maintained its dollar peg through several severe market disruptions, but other stablecoins have failed to maintain their peg. Holding USDT exposes the holder to Tether Limited's counterparty risk, the creditworthiness of assets in its reserve portfolio, and smart-contract risk on whichever chain the tokens are held. The prediction model on this page is not relevant to USDT in the same way as volatile assets. This page is information only and is not financial advice; always do your own research.
Written and reviewed by the TheWeal editorial team.
Tether analysis
Technicals · levels · performance · valuation · historyPerformanceReturn over each window
ValuationWhere price sits today · from real history
Distance below the record price
Cycle & valuation gauges computed from real daily closes (Binance). Educational context only – not investment advice.
Where to buy Tether (USDT)
Affiliate disclosure: some links below may be partner links. If you open an account through them, TheWeal may earn a commission at no extra cost to you. This never affects which exchanges we list or what we write. See our affiliate disclosure. Nothing here is financial advice – do your own research.
Always confirm an exchange operates legally in your country and supports USDT before signing up. Crypto is volatile and largely unregulated; never invest more than you can afford to lose.
How to store Tether
USDT can be held on a regulated exchange or in a self-custody wallet that supports the relevant blockchain (Ethereum, Tron, Solana, etc.). For large balances a hardware wallet reduces the risk of remote theft. Be aware that holding USDT in self-custody still exposes you to the issuer's counterparty risk, not just custody risk.
Your recovery phrase is the master backup for any self-custody wallet — store it offline and never share it. This is general information, not financial advice.
Latest Tether news
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Tether (USDT) FAQ
Is USDT safe to hold?
We don't give investment recommendations. USDT carries counterparty risk to Tether Limited and the quality of its reserves, plus smart-contract risk on whatever chain you hold it. A peg is a target, not a guarantee. Do your own research.
Why does USDT trade slightly above or below $1?
Minor deviations from $1 are normal due to supply and demand on different trading pairs. Sustained large deviations would indicate stress on the peg.
How is USDT backed?
Tether Limited publishes periodic attestations claiming reserves of cash, cash equivalents, US Treasury bills and other assets. Full independent audits have not been released as of writing; check Tether's official disclosures for the latest.
Where can I use USDT?
USDT is accepted on most major centralised exchanges and across DeFi protocols on Ethereum, Tron, Solana and other chains.
What happens if Tether loses its peg?
If USDT depegs materially, holders would receive less than $1 of value per token. This has happened to other stablecoins in the past. Never hold more than you can afford to lose in any single stablecoin.
Can I earn yield on USDT?
Some platforms offer yield on USDT deposits, but yields in DeFi carry smart-contract risk and platform risk. We don't recommend specific products; always read the terms and understand the risks before depositing.
Disclaimer: Market data for Tether is provided by CoinGecko and Binance and may be delayed. Price predictions on this page are model-based scenarios, not a forecast and not financial advice. Nothing here is a recommendation to buy, sell or hold any asset. Cryptocurrencies are highly volatile and you could lose your entire investment – always do your own research and consider speaking with a licensed financial adviser.