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Tether
More Detail
$0
0%
Total dollar volume24H
$131,015,491,926
High24H
1.0006 USDC
Low24H
1.0006 USDC
Market Cap
#3$180,718,001,340
FDV
$181,438,787,221
Market Cap / FDV Ratio
1.00
Turnover rate
72.5%
Circulating supply
180,609,635,559
Total supply
181,329,989,227
Max supply
∞
All time high
1.1495 USDC
All time high date
Mar 11, 2023
Down from All time high
-12.95%
Cycle low
0.9609 USDC
Cycle low date
Apr 17, 2024
Up from cycle low
4.13%
Official links
Website
White paper
Socials
Twitter
Facebook
Introduction

USDT, also known as Tether, is the stablecoin with the highest market capitalization, backed by US dollar. The primary purpose of USDT is to provide stability in the volatile crypto market. Unlike other cryptocurrencies like Bitcoin or Ethereum, which have prices that fluctuate wildly, one USDT token is designed to remain exactly equal to one USD. This is achieved by maintaining a reserve of real-world assets, including cash and equivalents, which back each token issued.

Tether was launched in 2014 and played a crucial role in the cryptocurrency ecosystem. It provides a 'safe haven' during market volatility, allows for quick transactions (especially cross-border), and opens the door to a host of financial applications. It's often used as a reference in trading pairs on crypto exchanges due to its stability.

In 2023, with the events of USDC losing peg and Paxos was ordered by the SEC to cease issuing new BUSD,  the market value of the whole stablecoins has declined. However, the market value of USDT continues to rise, maintaining its position as the “Number one stablecoin".

Above are only for introduction, not intended as investment advice.

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