USDT
$1.00
Tether USDt (USDT) Price Today
The live price of Tether USDt is $1.00 USD.
In the past 24 hours, the trading volume of Tether USDt was $70.3B USD, with a change of 0%. The current live price of Tether USDt has changed by -0.06% from its 7-day high of $1.00 USD and by +0.16% from its 7-day low of $0.99 USD.
With a circulating supply of $148,529,468,602.74 USDT, the market cap of Tether USDt is currently $145.6B USD, marking a +0.25% change in the last 24 hours.
Tether USDt currently ranks 3 by market capitalization.
Tether USDt (USDT) Market Data
Market Cap
$145.6B
24h Volume
$70.3B
Circulating Supply
148.5B USDT
Maximum Supply
--
Fully Diluted Market Cap
$148.5B
Liquidity Indicator
48.32%
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About Tether USDt (USDT)
What Is Tether (USDT)?
Tether (USDT) serves as a stable digital currency pegged precisely to the U.S. dollar at a constant 1:1 ratio. Specifically engineered to offer protection against the extreme volatility of cryptocurrency markets, it merges the speed and transparency of blockchain technology with the predictable stability of traditional fiat currencies. Tether Ltd. meticulously maintains fiat reserves backing every token, ensuring permanent parity with USD. Despite its intended stability, USDT occasionally experiences minor deviations, exemplified by the brief June 2023 liquidity imbalance within Curve’s 3Pool, temporarily dropping its valuation to $0.996. Nevertheless, corrective market actions rapidly restored its perfect peg, reinforcing its reliability. As of March 2024, USDT commands the third position among cryptocurrencies, standing firmly behind Bitcoin (BTC) and Ethereum (ETH). It dominates decisively as the largest stablecoin, holding a massive market capitalization near $99B. Throughout 2023 and early 2024, Tether’s USDT consistently overpowered other cryptocurrencies in exchange trading volume, securing its position as the preferred trading asset worldwide, as reported by CryptoCompare’s Stablecoins & CBDCs analysis.
Tether maintains a firm peg to underlying fiat currencies like the U.S. dollar or euro by holding sufficient currency reserves or equivalent assets. This backing ensures each USDT token retains consistent, reliable value corresponding exactly to the fiat it represents. Traders primarily deploy Tether to bridge cryptocurrencies and fiat currency, effectively avoiding slippage, losses caused by price fluctuations between transaction initiation and completion. Tether stands firm as a dominant stablecoin, fueling millions of dollars in transactions daily. Despite fierce controversies, traders rely aggressively on USDT as a fortress against market volatility. Millions actively deploy Tether to execute rapid, borderless, decentralized transactions across cities, countries, and continents.
Key highlights:
• Stablecoin consistently pegged 1:1 to the U.S. dollar.
• Crucial tool for reducing volatility and securing value on BingX.
• Fully fiat-backed reserves maintained by Tether Ltd.
What Does USDT Stand For?
USDT stands for United States Dollar Tether which clearly identifies its role as a digital counterpart pegged directly to the U.S. dollar. The "Tether" component signifies a robust link binding its value permanently to fiat currency, offering traders on BingX a stable medium for exchange. By maintaining an exact 1:1 valuation ratio, Tether ensures predictable value storage and seamless transactions, shielding assets from the unpredictable volatility inherent in cryptocurrency markets. Its clear naming reinforces its function as digital dollars—trusted, stable, and immediately recognizable worldwide.
Key points:
• Represents digital U.S. dollars with guaranteed parity.
• Functions explicitly to stabilize crypto trading on BingX.
• Trusted, widely recognized stablecoin globally.
Is USDT Safe?
USDT’s safety combines user-driven security practices, Tether Ltd.'s transparency, and robust regulatory adherence. At the blockchain level, transactions are secure, transparent, and publicly verifiable, delivering a foundation of trust and reliability. However, absolute safety also depends on users vigilantly employing secure storage methods. Traders greatly increase protection by utilizing hardware wallets (such as Ledger or Trezor), secure software wallets, or reputable exchange wallets like BingX’s custodial solutions. Past transparency controversies surrounding Tether, particularly concerns over adequate reserve backing which highlight potential vulnerabilities. Users must therefore stay vigilant, consistently reviewing reserve audits, regulatory updates, and broader market sentiment. Thus, while inherently secure through blockchain technology, the ultimate safety of USDT involves active responsibility from both Tether Ltd. and individual users.
Critical safety considerations:
• Immutable blockchain ledger ensures secure transactions.
• Strong user security practices required (hardware wallets, MFA).
• Transparency in Tether Ltd.’s reserve holdings vital to trust.
• Continuous monitoring of market and regulatory conditions advised.
What Blockchains Support Tether (USDT)?
Initially released on Bitcoin’s Omni Layer, Tether swiftly expanded its reach across numerous advanced blockchain ecosystems, significantly enhancing its practical utility. Now actively integrated on Ethereum, Tron, Algorand, Avalanche, EOS, Liquid Network, Polygon, Tezos, Solana, Bitcoin Cash’s Simple Ledger Protocol (SLP), and Polkadot/Kusama’s Statemine, it offers traders unparalleled flexibility. This extensive multi-chain deployment allows BingX traders seamless movement across various platforms, enjoying rapid, cost-effective transfers, vastly improved liquidity, and enhanced interoperability. Each blockchain integration brings distinct advantages, whether Ethereum’s dominance in DeFi, Tron’s speed and affordability, or Solana’s high-performance capabilities.
Key integrations:
• Ethereum: Dominant platform for decentralized finance (DeFi).
• Tron: High-speed, low-cost transactions, ideal for frequent traders.
• Avalanche, Solana: Superior transaction throughput and efficiency.
What Is the Origin of Tether (USDT)?
Tether (USDT) launches as "Realcoin" on October 6, 2014, led by Brock Pierce, Reeve Collins, and Craig Sellars of the Omni Foundation. Built upon the Omni Protocol, Realcoin empowers users to issue and trade smart-contract currencies directly on Bitcoin’s blockchain. On November 20, 2014, CEO Reeve Collins decisively renames Realcoin to Tether (USDT), signaling its role as a stable digital dollar. They conceived Tether explicitly to address cryptocurrency volatility, pioneering the stablecoin model by linking digital assets directly to fiat currencies. By offering predictable stability, Tether quickly gained traction across the crypto community, becoming a cornerstone trading and investment asset.
Controversy surrounds Tether immediately upon entering the market. In January 2015, Bitfinex boldly lists USDT, fueling rapid transaction growth routed through Taiwanese banks and ultimately Wells Fargo, continuing until April 2017. On April 18, 2017, U.S. banks abruptly halt Tether’s international transactions, sparking fears over its reserves and transparency. Accusations of market manipulation and the Paradise Papers leaks intensify doubts, creating panic when Tether briefly suspends withdrawals. From January 2017 to September 2018, Tether’s circulation aggressively expands from $10M to nearly $2.8B. In April 2019, New York Attorney General Letitia James Bitfinex and Tether with misappropriating reserves to hide an $850M deficit. Both firms pay an $18.5M fine in 2021, yet fierce debates persist over Tether’s liquidity, credibility, and stability within crypto markets.
Historical points:
• Founded in 2014, California, USA.
• First stablecoin to gain significant market acceptance.
• Direct fiat backing critical to its broad adoption.
What Differentiates Tether From Other Stablecoins?
Tether’s competitive edge arises from its pioneering status, unmatched liquidity, broad blockchain compatibility, and widespread global adoption. Unlike later stablecoin projects, USDT has earned a reputation over time, enduring extensive market trials. Its multi-blockchain flexibility allows traders on BingX immediate and frictionless interactions across different crypto ecosystems, while its extensive market depth minimizes transaction slippage, significantly improving trading efficiency. This longstanding trust, coupled with its transparent, proven utility, positions Tether distinctly above newer stablecoin competitors.
Key differentiating strengths:
• First-mover advantage, unmatched global liquidity.
• Proven reliability, trusted across exchanges and traders globally.
• Extensive cross-chain compatibility enhances market efficiency.
What Determines the Price of Tether (USDT)?
Though engineered to maintain exact parity at 1 USD, Tether’s valuation occasionally encounters minor fluctuations resulting from temporary liquidity pressures, shifts in market confidence, or regulatory news. Incidents like the June 2023 liquidity disruption within Curve’s 3Pool briefly affected USDT’s market price. Such transient deviations create short-term arbitrage opportunities, quickly leveraged by vigilant traders on BingX, ultimately re-establishing equilibrium. These fluctuations underscore the importance of maintaining transparency, sufficient reserve backing, and continuous monitoring of market conditions.
Primary influencers:
• Liquidity dynamics, supply-demand balance.
• Regulatory sentiment and reserve transparency.
• Market confidence and response to external events.
What Gives Tether (USDT) Its Value?
Tether derives its value primarily from stability, reliability, and widespread global utility as a digital fiat alternative. Critical in regions experiencing economic instability, inflation, or stringent capital controls, USDT enables traders secure wealth storage, instant international transfers, and stable market participation. On platforms like BingX, Tether’s utility extends further, serving as a secure collateral asset for margin trading, derivatives, and DeFi services. Its consistent valuation and extensive liquidity underpin market efficiency, dramatically reducing risks associated with crypto volatility.
Key value propositions:
• Stable refuge from market volatility.
• Essential collateral in decentralized finance protocols.
• Efficient tool for international financial transactions.
Tether (USDT) maintains absolute stability, designed explicitly to hold a steadfast price of $1, immune to typical market forces. Market cap, exchange inflows and outflows, investor sentiment, technical developments, fundamental changes, breaking news, and global economic shifts have no decisive influence over its value. Unlike volatile assets such as Bitcoin, USDT’s valuation never strays significantly from one U.S. dollar.
Why Trade Tether (USDT) on BingX?
USDT’s widespread popularity on BingX comes from its unmatched liquidity, stability, and operational efficiency. Traders frequently leverage USDT for rapid crypto-to-fiat exchanges, arbitrage strategies, and secure asset storage during market volatility. By minimizing transaction friction and providing reliable market depth, USDT significantly enhances trading effectiveness on BingX. BingX offers low trading fees and millisecond execution on its Spot Market, featuring USDT with real-time market analytics, and delivering low slippage with high efficiency.
Steps to start trading USDT on BingX:
1. Create your BingX account by visiting the website or downloading the app. Register with your email and a secure password.
2. Complete your security settings by verifying your email and phone, enabling two-factor authentication, and completing KYC if required.
3. Deposit funds using on-chain methods to save on fees. Select the TRC-20 protocol to deposit USDT for a flat $1 fee. You can also choose POLY, BEP, or ERC networks for similar low-cost deposits.
4. Buy Tether (USDT) by choosing your method. For spot trading, either buy directly from the market or use BingX P2P to trade with peers. For derivatives, enter the USDT-M or Coin-M futures markets based on your trading strategy.
Use USDT as your base asset to quickly and efficiently enter or exit positions when opportunities arise. With BingX, you benefit from:
• Competitive Trading Environment: Enjoy low trading and handling fees, rapid order execution within milliseconds, and minimal slippage.
• Diverse Trading Options: Access a wide range of crypto trading pairs with USDT on the BingX Spot Market as your currency, whether you're trading spot or engaging in derivatives.
• Innovative Trading Tools: Utilize features like futures and spot copy trading to mirror successful strategies without the need for advanced expertise.
How to Securely Store USDT with BingX?
Securing USDT involves reliable hardware wallets (such as Ledger or Trezor), storing private keys offline for robust protection. Secure software wallets or custodial platforms like BingX also provide protective features such as multi-factor authentication (MFA). Traders should maintain vigilant security practices, regularly updating wallets, securely storing private keys, and avoiding unknown services to ensure comprehensive asset safety. Your security is BingX's top priority. When it comes to storing USDT on BingX, we employ robust measures to ensure your funds remain safe:
• Advanced Security Protocols: Your USDT is protected by state-of-the-art encryption and multi-factor authentication, guarding against unauthorized access.
• Cold Storage Solutions: A significant portion of our digital assets is held in cold storage, reducing exposure to online threats.
• Optional Withdrawal Whitelists: Enhance your account security by limiting withdrawals to pre-approved addresses.
• User-Friendly Safeguards: BingX is designed to be intuitive, so you can easily manage your security settings without hassle.
At BingX, we’re committed to providing a secure and efficient environment for your USDT holdings. Whether you're leveraging USDT for trading or simply safeguarding your investment, you can trust our platform to keep your assets protected while you capitalize on market opportunities.
How to Use USDT?
Traders and investors utilize USDT widely for secure asset storage, efficient cryptocurrency trading, arbitrage, and international payments. On exchanges such as BingX, USDT commonly acts as the primary trading pair while facilitating fast and stable crypto-to-crypto or crypto-to-fiat exchanges. It also serves as stable collateral for margin or derivative trading, protecting users from volatile market swings. In decentralized finance (DeFi), USDT enables users to participate in lending, borrowing, yield farming, and liquidity provision, leveraging its stability and reliability.
Common applications:
• Trading and swapping on BingX.
• Collateral in derivatives and margin trading.
• Stable asset for international financial transactions.
How Many Tether (USDT) Coins Exist?
Tether (USDT) commands a circulating supply of 40,805,169,352 tokens. Supply expands or contracts decisively based on market demand and liquidity conditions. Traders acquire USDT actively through exchanges or secondary markets. Unlike other cryptocurrencies, USDT does not offer staking or yield-farming opportunities; tokens are exclusively purchased or directly issued.
How Does Tether (USDT) Maintain Security?
USDT tokens deploy robustly across multiple blockchain networks including Ethereum, EOS, Tron, Algorand, and OMG Network. Security relies directly on these underlying blockchains, safeguarded aggressively by miners and validators utilizing Proof-of-Work or Proof-of-Stake protocols. Each network regularly performs rigorous audits, maintaining code integrity, security, and strict regulatory compliance. Tether itself ensures constant adherence to these network standards, keeping USDT secure and trusted across diverse blockchain ecosystems.
What Is a USDT Payment?
A USDT payment involves digitally transferring Tether tokens as a direct form of monetary value, leveraging blockchain’s speed, transparency, and security. Unlike traditional bank transfers or credit card payments, USDT transactions enable rapid international settlements, low transaction fees, and elimination of banking intermediaries. Merchants and consumers increasingly accept USDT payments, drawn to its stable valuation, immediate confirmations, and enhanced security. Within the BingX platform, USDT payments streamline rapid fund transfers, seamless deposits and withdrawals, and frictionless crypto trades, significantly enhancing financial transactions' speed, efficiency, and global accessibility.
Core benefits:
• Instant global transactions without banking delays.
• Low transaction fees and immediate blockchain confirmation.
• Enhanced transparency and security through blockchain.
• Growing acceptance among merchants and service providers globally.
Information source
Tether USDt (USDT) Price Converter
USDT to USD
1 USDT = $ 1.00
USDT to VND
1 USDT = ₫ 26,044.61
USDT to EUR
1 USDT = € 0.88
USDT to TWD
1 USDT = NT$ 32.51
USDT to IDR
1 USDT = Rp 16,838.49
USDT to PLN
1 USDT = zł 3.77
USDT to UZS
1 USDT = so'm 12,921.40
USDT to JPY
1 USDT = ￥ 143.69
USDT to RUB
1 USDT = ₽ 83.23
USDT to TRY
1 USDT = ₺ 38.43
USDT to THB
1 USDT = ฿ 33.47
USDT to UAH
1 USDT = ₴ 41.82
USDT to SAR
1 USDT = ر.س 3.75
How to Buy Tether USDt (USDT)
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Create & Verify Your Account
Create a free BingX account using your email or phone number, set a strong password, and complete identity verification (KYC) by submitting your personal details and a valid photo ID.
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Fund Your Account
Choose a payment method—bank account, card, or more—to deposit funds into your BingX account.
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Trade Now
Now that your account is funded, you can seamlessly trade Tether USDt USDT and other cryptocurrencies while exploring BingX’s diverse trading features!
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Frequently Asked Questions about Tether USDt (USDT)
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Disclaimer:
Price analysis and valuation are influenced by multiple factors, and theoretical projections do not guarantee that a token will reach a specific price level. The information provided is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making any financial decisions.
By accessing and using this platform, you agree to comply with our Terms of Use.
Trading cryptocurrencies and other financial instruments involves risks, including the potential for loss of funds. You should never trade more than you can afford to lose. Please be aware of the risks involved and seek independent financial advice if necessary.
For more detailed information, please refer to our Risk Disclosure Statement.
Disclaimer:
Price analysis and valuation are influenced by multiple factors, and theoretical projections do not guarantee that a token will reach a specific price level. The information provided is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making any financial decisions.
By accessing and using this platform, you agree to comply with our Terms of Use.
Trading cryptocurrencies and other financial instruments involves risks, including the potential for loss of funds. You should never trade more than you can afford to lose. Please be aware of the risks involved and seek independent financial advice if necessary.
For more detailed information, please refer to our Risk Disclosure Statement.