Stablecoin · Full profile
Tether USDT
The largest stablecoin — designed to hold a value of one US dollar.
Real market price · as of 16:48 GST
USDT is fiat-collateralised: its stability depends on the issuer actually holding sufficient, liquid reserves and honouring redemptions. Tether publishes attestations of its reserves rather than a full audit, which some observers view as a limitation. USDT has briefly traded slightly below a dollar during periods of market stress before recovering.
7-day trend — hover for date, price & volume
What it is
Tether (USDT) is a stablecoin: a token designed to stay worth one US dollar, so people can hold and move dollars on a blockchain. It is the largest and most widely traded stablecoin.
How it works
Each USDT is meant to be backed by reserves — cash and cash-equivalent assets such as short-term US government debt — held by the issuer, Tether. The issuer publishes regular reserve reports.
Why it matters
USDT is the main way traders move in and out of positions and hold dollars across the crypto market. It is the plumbing of most crypto trading, which is why its stability matters far beyond its own holders.
Official website → external · the project's own site
Honest risk note
A stablecoin is only as sound as its reserves and the issuer behind it. If confidence in the backing falters, a stablecoin can "depeg" — trade below its target — as some have done permanently. USDT holders rely on the issuer's disclosures and its ability to meet redemptions.
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Data provided by CoinGecko, served from our own cache · snapshot as of 16:48 GST. Reference market price only — not an offer to transact and not financial advice. Position, never prediction. See our Methodology and Editorial Policy.