Tether Price
Tether (USDT) is the largest stablecoin — a cryptocurrency designed to hold a steady value of about one US dollar. It is issued by the company Tether and is the most widely used dollar-proxy in crypto, deeply embedded in trading and settlement across exchange…
Market data via Binance · signals computed live from daily closes · not financial advice.
Supply structure
Tether has no fixed maximum supply. Circulating supply is a curated estimate used to derive market cap.
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About Tether
Tether (USDT) is the largest stablecoin — a cryptocurrency designed to hold a steady value of about one US dollar. It is issued by the company Tether and is the most widely used dollar-proxy in crypto, deeply embedded in trading and settlement across exchanges.
USDT aims to maintain its peg by being backed by reserves, which Tether reports as consisting largely of cash and cash-equivalents such as short-term US Treasury bills. It exists on many blockchains, including Ethereum and TRON, and is used to move dollars on-chain quickly and cheaply.
Tether’s scale makes it central to crypto liquidity, but stablecoins carry real risks: the value depends on the issuer genuinely holding sufficient, high-quality reserves, and Tether has faced scrutiny and debate over reserve transparency. USDT is not risk-free, and it is not an investment that grows in value.
The story
Tether (USDT) is the largest dollar stablecoin, issued by Tether and backed by reserves it reports as mostly cash and short-term US Treasuries. It is the dominant settlement asset across crypto trading.
The context
USDT’s ubiquity makes it systemically important — and that is exactly why its risks matter: the peg depends on the issuer truly holding sufficient, liquid reserves, an area where Tether has faced ongoing scrutiny. A stablecoin is a tool, not a growth investment.
Reserve attestations and transparency, the pace of new USDT issuance (often a proxy for market liquidity), stablecoin regulation, and whether the peg holds under stress.
The Digital Take is reasoning and data from the Bitcoin Digital Editorial team — context, not a buy or sell call. Not financial advice.
Tether vs peers
| Coin | Price | 24h | Market Cap |
|---|---|---|---|
| Tether USDT | $1.00 | +0.00% | $140.00B |
| Bitcoin BTC | $63,915.00 | -0.34% | $1.27T |
| Ethereum ETH | $1,793.87 | +0.07% | $216.16B |
| BNB BNB | $572.06 | -0.48% | $80.09B |
| XRP XRP | $1.09 | -0.94% | $63.49B |
| USD Coin USDC | $1.00 | +0.00% | $60.03B |
Tether FAQ
What is Tether (USDT)?
Tether is the largest stablecoin, designed to stay worth about one US dollar. It is issued by the company Tether and is widely used for trading and settlement.
How does USDT keep its value?
Tether reports backing USDT with reserves consisting largely of cash and cash-equivalents such as short-term US Treasury bills, aiming to maintain a one-dollar peg.
Is USDT safe?
Stablecoins are not risk-free. USDT’s stability depends on the issuer holding sufficient, high-quality reserves, and Tether has faced scrutiny over reserve transparency. Understand the risks.
Can USDT lose its peg?
Yes, it can trade slightly above or below one dollar, and in stress scenarios stablecoins can de-peg. USDT is a dollar proxy, not a guaranteed one-to-one claim.
Where does Bitcoin Digital’s Tether price come from?
Bitcoin Digital shows stablecoins at their intended one-dollar peg where a live trading pair is unavailable, and market cap is derived from a curated circulating-supply figure.