1W
United States Dollar logoUSD

Tether (USDT)

USDT Price
$0.999967
-9.26%
Market Cap
$36.47B
-5.41%
Volume
$696.91B
-39.75%
Transp. Vol.
17%-38.59%
Grade
A gradeA grade
Rank
#4

USDT / Tether Price

(1 week)
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Tether Weekly Performance

Today's Tether price is $0.999967, which is down 9% over the last 7 days. Tether's market cap is $36.47B. 1 week USDT volume is $696.91B. It has a market cap rank of 4 with a circulating supply of 36,467,382,787. Tether is traded on exchanges. Tether had an all-time high of $4.4683 5 months ago. Over the last week, Tether has had 17% transparent volume and has been trading on 24,877 active markets with its highest volume trading pairs being .

USDT Data Highlights
Tether Price (1wk)$0.999967 (-9.26%)
Market Cap$36.47B (-5.41%)
Trading Volume (1wk)$696.91B (-39.75%)
Transparent Vol. (1wk)
$121.21B17% (-38.59%)
Transparency GradeA gradeA grade(Transparent)
Circulating Supply36,467,382,787 ()
7D Price Prediction
N/A
1st 1D CandleDec '13
1st TradeDec '13
1st OrderbookAug '18
Exchanges306
Trading Pairs24,877
Updated3 minutes

Tether Statistics

Price

$0.999967
Price Change
-$0.101995 (-9.26%)

All-Time High

$4.4683
Date of ATH10/4/2020
Days Since ATH154
% of ATH22.38%
Price vs ATH

Market Cap

$36.47B
Mkt Cap Change
-$2.08B-$2,084,233,715 (-5.41%)
Mkt Cap Rank4
Mkt Dominance2.30%
Mkt Dominance

Volume

$696.91B$696,912,896,505
Vol. Change
-$459.79B-$459,793,737,615 (-39.75%)
Exchange VolumeUnknown

Transparent Volume

17%
Transparent Volume (Δ)
-38.59%
Transparent Volume
A - 17%
B - <1%
C - 71%
D - 11%
? - <1%

About Tether

Tether (₮) (USD₮) is a cryptocurrency with digital tokens designed to replicate the value of the United States Dollar. The theory is that this provides protection from the volatility of cryptocurrencies, so 1 USD₮ will always be worth $1. To achieve this Tether claims to have each token backed 100% by actual assets in the platform’s reserve account.

The origins of Tether came from a whitepaper published online in January 2012, in which software developer J.R. Willett described the possibility of building new currencies on top of the Bitcoin protocol. Credited with ‘inventing the ICO’ to fund the project, Willett went on to implement his idea in the form of the ‘Mastercoin’. The Mastercoin protocol became the technological foundation of the Tether platform. Tethers exist on blockchains using the Omni Protocol, and as ERC20 tokens.

Two original members of the Mastercoin Foundation, Brock Pierce and Craig Sellars, became co-founders of Tether. Former child actor, Brock was a minor partner in a digital entertainment network that raised $88 million in venture capital in the 1990s. In 2013, he joined brothers Bart and Bradford Stephens in founding the venture capital firm Blockchain Capital (BCC) which was reported to have raised $85 million in two venture funds by October 2017.

Co-founder Craig Sellars started his career as a UX developer, worked in various engineering positions before presiding over a number of wireless operations. His first foray into the blockchain space was at Tether, later becoming CTO of exchange Bitfinnex for a year and a half. Since then he has held a variety of roles as co-founder, technologist, facilitator, and advisor for several blockchain projects and companies including vAtomic, Unsung, Fuzo, Factom, Synereo, Tau Chain and the MaidSafe Foundation. He is the founder of the Omni Foundation which developed the protocol used by Tether.

Reeve Collins, the third co-founder, launched several ventures before Tether, including Traffic Marketplace, one of the first online ad networks to be acquired by Vivendi Universal, RedLever, a branded entertainment studio, acquired by Adconion Media Group, and Pala Interactive, where he secured $70 million to create a legal, real-money gambling site in the US.

Tether was incorporated in Hong Kong with offices in Switzerland. In January 2015, the cryptocurrency exchange Bitfinex enabled Tether trading on its platform. Bitfinex officials Philip Potter and Giancarlo Devasini were responsible for setting up Tether Holdings Limited in the British Virgin Islands in 2014. A spokesperson for Bitfinex and Tether stated that Jan Ludovicus van der Velde was also the CEO of both firms at the time.

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Tether Markets

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Tether Historical Data

(Past 7 Days)
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Frequently Asked Questions

  • What’s the current Tether price? How much is 1 Tether worth?

    The price of 1 Tether is $0.999967. Over the last 24 hours, a Tether is worth -2.03% less. Go here to convert USDT prices to currencies other than USD.
  • When did Tether start?

    The earliest trading data for Tether is on December of 2013 (based on current exchange data).
  • How high can the Tether price go?

    Tether’s price has gone as high as $4.4683 (which is USDT’s all-time high). It achieved this price 5 months ago. Speculations abound for how high Tether’s price will get in the future.

Today's USDT / Tether News for March 7, 2021

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