USDT Price

Tether was created in 2014 by a group of individuals and companies that included Brock Pierce, Reeve Collins, and Craig Sellars (Omni Foundation). The project was first launched under the name Realcoin in July 2014, but it was later rebranded as Tether (USD₮) to better reflect its goal of acting as a "tether" between traditional currencies and digital assets.

Tether (USD₮) has been the subject of controversy and debate within the cryptocurrency industry due to the company's claim that each USD₮ token is backed by one U.S. dollar held in reserve. Some critics have raised concerns that Tether may not actually have enough reserves to back all of the USD₮ in circulation. There have also been concerns about the potential for market manipulation, as Tether has been accused of being used to artificially prop up the price of Bitcoin (BTC) and other cryptocurrencies. Additionally, Tether has faced criticism for lack of transparency in regard to its auditing practices and banking relationships, and for being a potential source of systemic risk in the cryptocurrency market. Regulators in various jurisdictions have raised questions about the legitimacy and stability of Tether, particularly with regard to its claims of being fully backed by US dollars. There are also concerns about the potential for Tether to be used for illicit activities, such as money laundering and terrorist financing. As a result, some countries have implemented regulations on the use of stablecoins like Tether, while others are still in the process of formulating their regulatory approach. Despite these controversies, Tether remains one of the most widely used stablecoins.

Tether's safety as a stablecoin is determined by the transparency and accuracy of its US dollar reserve holdings, as well as the reliability and security of the underlying blockchain infrastructure. Additionally, the blockchain on which each token is minted may be subject to technical issues, network congestion, and security vulnerabilities. Therefore, investors should exercise caution and conduct due diligence before investing in Tether or any other digital asset. Tether Limited is a Charter member of the Blockchain Alliance, a group of 150 industry and government agency participants with the goal of providing a forum for the open dialogue between the blockchain industry, law enforcement, and regulatory agencies, in order to help combat criminal activity. Tether Limited has been audited by several audit and assurance companies, including BDO Italia, MHA Cayman, Moore Cayman, Deltec Asset Management, Freeh Sporkin & Sullivan, LLP (FSS), and Friedman LLP, to provide transparency and demonstrate that Tether Limited has enough reserves backing the USD₮ and other stablecoins in circulation. The latest report by BDO Italia as of December 31, 2022, shows that Tether's consolidated total assets exceed its consolidated total liabilities, with consolidated assets of at least $67,044,148,175 and consolidated liabilities of $66,083,530,757, of which $66,057,260,169 is related to digital tokens issuance. Despite these reassurances, concerns remain about transparency and security.

USD is a fiat currency issued by the United States Department of the Treasury, governed by policy implemented by The Federal Reserve System (The Fed), whereas USD₮ is a stablecoin issued by Tether Limited, which is claimed to be backed 1:1 by US dollars held in reserve. USD₮ operates on blockchain technology, while USD operates through traditional financial systems. Each USD₮ token represents one US dollar and is created through tokenization, where US dollars are deposited into a reserve and an equivalent number of USD₮ tokens are minted. While USD is subject to fluctuations in value, USD₮ is designed to remain stable through Tether Limited's claims that it holds sufficient reserves of US dollars to back all USDT tokens in circulation.

The transfer speed for USD₮, a stablecoin available on various blockchain networks, depends on the specific blockchain used. While some networks, such as Solana, are known to process USD₮ transfers within seconds, other networks, like Ethereum and Bitcoin, may take several minutes or even hours. Similarly, USD₮ on other blockchain networks, such as Algorand, Avalanche, EOS, Liquid Network, Near, Omni, Polygon, Bitcoin Cash Standard Ledger Protocol, Statemine, Statemint, Tezos, and Tron, may have different processing speeds and confirmation requirements. The transfer speed for USD₮ can be improved by increasing the gas price used for the transaction. The gas price is the fee paid to miners to process transactions on the blockchain network. By setting a higher gas price, the transaction will be prioritized by the network and processed faster. However, increasing the gas price can also increase the transaction cost, and it's essential to find the right balance between speed and cost when transferring USD₮.

The price of USDT is $1.00. In the last 24 hours, the price of Tether has changed by 0.060000%. To view the price of Tether in the currency of your choice, select a base currency at the top of the page.

Tether USDT currently has a market cap of $79,238,709,727.

USDT reached its all-time high price of $1.08 on 07/09/2022, 260 days ago. The price is 7.47% lower than the all-time high.

USDT reached its all-time low price of $0.943941 on 05/19/2021, 676 days ago. The price is 6.23% higher than the all-time low.

The current circulating supply for Tether is 79,022,291,662 USDT.

Tether USDT does not have a predefined maximum supply or hard limit. This implies that the protocol may generate additional USDT tokens beyond its existing supply in the future.

The fully diluted market cap of Tether USDT is $79,238,709,727, which reflects the total market value of the project after all issued tokens, including those held by the public, founders, team members, investors, and the project treasury, become available for public trading. This metric can be used as a predictive indicator of the asset's future market capitalization.