About Tether
Tether (USDT) is the largest US-dollar-pegged stablecoin in cryptocurrency, issued by Tether Operations Limited since 2014. Each USDT token is intended to be redeemable for one US dollar and is backed by a reserve portfolio that includes cash, US Treasury bills, secured loans, and other assets. USDT is the primary on-chain dollar used by traders for entering and exiting positions, transferring value between exchanges, and accessing dollar liquidity in regions with limited banking access.
USDT is issued natively on multiple blockchains, with the largest supplies on TRON and Ethereum, alongside Solana, Avalanche, Arbitrum, Optimism, and others. Tether mints new USDT when authorised participants wire dollars to the issuer and burns USDT on redemption. The company publishes quarterly attestations of its reserve composition prepared by an independent accounting firm, and a portion of each blockchain's USDT can be frozen by the issuer in response to law-enforcement requests.
USDT is the most-traded asset by daily volume across centralized exchanges and a default settlement layer for over-the-counter desks, payment processors, and remittance services. It anchors trading pairs for most listed cryptocurrencies, powers stablecoin lending markets across DeFi, and is widely used in emerging markets as a digital substitute for cash dollars. Wallets, exchanges, and merchant gateways across virtually every major crypto venue support USDT in at least one chain.
Crypto Market Watch tracks the live Tether price ranked #3 by market capitalisation, 24-hour and 7-day price changes, market capitalisation, trading volume, circulating supply, and all-time highs and lows on this page. Data refreshes continuously throughout the trading day so investors can monitor USDT market activity in real time.
