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Tether USD (USDT) icon

Tether USD (USDT) price to USD & live value of today

Tether USD (USDT) live price in US dollar (USD). View statistics about today's value, market cap and supply.

$ 1.00

USDT value statistics

Price to USD $ 1.00
Price to BTC 0.000111 BTC
Rank 3
24h volume $ 12.75 billion
Market cap $ 9.74 billion
All-time high $ 2.00 on 7/22/2016

Supply information

9.70 billion USDT
Total supply 9.87 billion USDT
Burned, team or smart contract locked balances. - 162.35 million USDT
Circulating supply 9.70 billion USDT
Circulating supply 9.70 billion USDT
Total supply 9.87 billion USDT

What is Tether USD

Tether (USDT) has pegged its USDT tokens to the price of the US dollar by using blockchain technology. Tether belongs to the category cryptocurrencies called stablecoins that aims to keep cryptocurrency valuations stable, in opposition to other cryptocurrencies, such as Bitcoin and Ethereum.

The goal of Tether

Tether was designed to build a bridge between cryptocurrencies and fiat currencies, with the benefits of cross-border payments facilitated by blockchain technology. Its purpose is to provide a token that represents a fiat currency at a 1:1 ratio, with in this case US dollar.

Who started Tether

In July 2014, Tether was first launched as RealCoin. Later it was rebranded as Tether in November 2014 by Tether Ltd., the company that is responsible for maintaining the reserve amounts of fiat currency. It started trading in February 2015. The project was initially founded by Bitcoin Foundation director Brock Pierce, software engineer Craig Sellars, and entrepreneur Reeve Collins.

Visit tether.to External site
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