Crypto trends
What Is Tether (USDT)? What Is the Price of USDT？
Beginner
2023-08-28 | 5m
About Tether (USDT)
Tether (USDT) is a type of
cryptocurrency known as a stablecoin. It is designed to maintain a steady value against the U.S. dollar, aiming to combine the benefits of
blockchain technology with the relative stability of fiat currencies. This design intends to reduce the volatility typically associated with cryptocurrencies like
Bitcoin and
Ethereum.
The concept behind Tether is simple: for every unit of Tether in circulation, there should be one U.S. dollar held in reserve by Tether Ltd., the company behind USDT. This 1:1 peg to the U.S. dollar means that theoretically, any holder of Tether should be able to redeem their USDT for an equivalent amount of U.S. dollars.
On June 15, the stability of Tether's USDT experienced a slight depeg due to the Curve’s 3Pool liquidity imbalance. Even though the price dropped to as low as US$0.996 at that time, USD T price recovered to US$0.999 later in the day.
Tether (USDT) price
Today (updated at 12:00 on August 26, 2023):
The live price of Tether USDt is $0.9995 per (USDT / USD) today with a current m arket cap of $82,805,477,915.75 USD. The 24-hour trading volume is $20,772,011,786.17 USD. USD
T to USD price is updated in real time. Tether USDt is -0.06% in the last 24 hours. It has a circulating supply of 82,849,140,000 .
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