$1.00

-0.10% (24H)
Low $1.00
High $1.00
  • Market Cap $107.84 B
  • Volume $47.18 B
  • Available Supply 107.73 B USDT
  • ATH $1.32
  • ATH(% Change) -24.37%
  • ATH Date 2018-07-24

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Date Price Volume MarketCap

Tether current price is $1.00 with a marketcap of $107.84 B. Its price is -0.10% down in last 24 hours.

Tether (USDT) represents a groundbreaking approach to cryptocurrency, designed to mirror the U.S. dollar's value, thereby offering the market stability and liquidity. It operates as a stablecoin, differentiating itself from volatile cryptocurrencies by maintaining a 1:1 value ratio with the dollar, backed by reserves. Tether facilitates quicker, more cost-effective transactions across exchanges, which often face banking challenges, by serving as a digital dollar substitute. Governed under the British Virgin Islands' laws and incorporated in Hong Kong, Tether's issuance and management are overseen by Tether Limited, highlighting a blend of innovation and regulatory adherence in the digital currency space.