USDT market file Rank #3 Stablecoins
Tether
Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S.
- Market cap
- $176.84B
- Stablecoins share
- 60.0%
- Volume (24h)
- $17.88B10.1% of cap
- Circulating supply
- 177.03BUSDT
- Fully diluted value
- $182.3B
PRICE HISTORY
Tether price chart
MARKET SIGNAL
Why Tether reads neutral
Volume confirmation weighs on the reading: 10.1% of market value traded in 24h. The evidence below produces a neutral reading of current conditions, not a price forecast.
Score drivers i
- Momentum55% weight-0.1 pts
- Historical position20% weight+3.3 pts
- Milestone recency15% weight0 pts
- Volume confirmation10% weight-5 pts
Historical position i
67% of the way from the all-time low to the high, on a log scale.
Momentum evidence i
- 24h
- -0.03%
- 7d
- -0.04%
- 30d
- -0.02% Highest weight
- 200d
- -0.12%
- 1y
- -0.07%
Market context · not scored
- Volume (24h)
- $17.88B
- Turnover
- 10.11%
- Overall rank
- #3
- Circulating supply
- 177.03B
How this score is calculated Model v1.0
The score starts at a neutral 50 and adds four bounded drivers. Momentum (55%) blends the 24h, 7d, 30d, 200d and 1y moves; each passes through a saturating curve (tanh of the move over a per-window scale of 5, 12, 25, 50 and 80 points) and is weighted 10, 20, 40, 20 and 10 percent. Historical position (20%) maps the log-scale position between the all-time low and high onto −10 to +10 points. Milestone recency (15%) adds up to 7.5 points for an all-time high inside the past 30, 90 or 365 days and subtracts the same for a recent low. Volume confirmation (10%) adds up to 5 points in the direction of the day’s move once 24h turnover exceeds 2% of market value, saturating at 10%.
Readings of 60 or more are labelled bullish, 40 or less bearish. Missing inputs contribute zero and lower the reported data coverage instead of being guessed.
TODAY’S TRADING
Tether market analysis
Price movement i
15% of the way from the day's low to its high · 0.05% range width
- 1h
- 0.00%
- 24h
- -0.03%
- 7d
- -0.04%
- 30d
- -0.02%
- 200d
- -0.12%
- 1y
- -0.07%
Trading activity is active i
- Turnover
- 10.11%24h volume ÷ market cap. Above 8% reads as active, below 2% as quiet.
- 24h range
- 0.05%High minus low as a share of the current price.
- Range position
- 15%0% is the day's low, 100% the high.
- Rank in Stablecoins
- 73 of 139By 24-hour price change among tracked peers.
Volume is reported activity, not order-book liquidity. These figures describe observations, not a recommendation.
What if the price moves?
Change per USDT: $0.0999. A calculation, not a prediction.
WHERE IT TRADES
Tether markets
Exchange pairs reported by CoinGecko. Venues that are unrated, stale, anomalous or wide-spread stay hidden until you ask for them.
| Exchange | Pair | Price | 24h volume | Spread | Trust |
|---|---|---|---|---|---|
| Binance | BTC/USDT | $0.9989 | $373.49M | 0.01% | Established |
| Binance | USDC/USDT | $0.9989 | $357.03M | 0.01% | Established |
| Bybit | BTC/USDT | $0.9989 | $211.43M | 0.01% | Established |
| Gate | BTC/USDT | $0.9989 | $139.49M | 0.01% | Established |
| OKX | BTC/USDT | $0.9989 | $128.37M | 0.01% | Established |
| Binance | ETH/USDT | $0.9989 | $126.4M | 0.01% | Established |
| KuCoin | BTC/USDT | $0.9989 | $108.45M | 0.01% | Established |
| Binance | USD1/USDT | $0.9989 | $96.26M | 0.01% | Established |
| Binance | ZEC/USDT | $0.9989 | $90.93M | 0.01% | Established |
| Gate | ETH/USDT | $0.9989 | $85.87M | 0.01% | Established |
| Bybit | ETH/USDT | $0.9989 | $84.9M | 0.01% | Established |
| KuCoin | JCT/USDT | $0.9989 | $69.24M | 0.20% | Established |
| OKX | ZEC/USDT | $0.9989 | $63.78M | 0.02% | Established |
| Bitget | BTC/USDT | $0.9989 | $54.94M | 0.01% | Established |
| OKX | USDC/USDT | $0.9989 | $54.65M | 0.01% | Established |
| Binance | SOL/USDT | $0.9989 | $52.24M | 0.01% | Established |
| Binance | XRP/USDT | $0.9989 | $50.27M | 0.02% | Established |
| Bybit | USDC/USDT | $0.9989 | $48.3M | 0.02% | Established |
FOLLOW THE STORY
Tether news & coverage
Reporting that mentions Tether, with the original publisher identified.
Binance’s Yi He warns suspicious USDT deposits could trigger fund freezes
OKX Warns MEXC Users of Deposit Freezes Ahead of FinCEN Cutoff
Russia finalizes crypto trading rules ahead of Nov. 17 rollout
Bank of Russia Clears Bitcoin, Ether and USDT Rules for Nov. 17
Paraguay Bank Collapse Shows Why Bitcoin Was Created as USDT Hits Premium
Polygon Eyes Hard Fork to Recover 70.49 Million POL Stolen in Polymarket and Binance HacksTether CEO Reacts to Massive USDT Demand in ParaguayCirculating supply, market cap and FDV explainedTHE BASICS
About Tether
Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S. dollar. The idea was to create a stable cryptocurrency that can be used like digital dollars. Coins that serve this purpose of being a stable dollar substitute are called “stable coins.” Tether is the most popular stable coin and even acts as a dollar replacement on many popular exchanges! According to their site, Tether converts cash into digital currency, to anchor or “tether” the value of the coin to the price of national currencies like the US dollar, the Euro, and the Yen.
Like other cryptos it uses blockchain. Unlike other cryptos, it is [according to the official Tether site] “100% backed by USD” (USD is held in reserve). The primary use of Tether is that it offers some stability to the otherwise volatile crypto space and offers liquidity to exchanges who can’t deal in dollars and with banks (for example to the sometimes controversial but leading exchange Bitfinex) The digital coins are issued by a company called Tether Limited that is governed by the laws of the British Virgin Islands, according to the legal part of its website.
It is incorporated in Hong Kong. It has emerged that Jan Ludovicus van der Velde is the CEO of cryptocurrency exchange Bitfinex, which has been accused of being involved in the price manipulation of bitcoin, as well as tether. Many people trading on exchanges, including Bitfinex, will use tether to buy other cryptocurrencies like bitcoin. Tether Limited argues that using this method to buy virtual currencies allows users to move fiat in and out of an exchange more quickly and cheaply.
Also, exchanges typically have rocky relationships with banks, and using Tether is a way to circumvent that. USDT is fairly simple to use. Once on exchanges like Poloniex or Bittrex, it can be used to purchase Bitcoin and other cryptocurrencies. It can be easily transferred from an exchange to any Omni Layer enabled wallet. Tether has no transaction fees, although external wallets and exchanges may charge one. In order to convert USDT to USD and vise versa through the Tether.to Platform, users must pay a small fee.
Tether price today
Tether (USDT) is trading at $0.9989, down 0.03% in the last 24 hours. It ranks #3 by market cap, at $176.84B, with $17.88B traded in 24 hours. Read from CoinGecko at 16:01 UTC on November 8, 2026.
| Tether price | $0.9989 |
|---|---|
| 24h change | -0.03% |
| 24h low / high | $0.9989 / $0.9993 |
| Market cap | $176.84B |
| Market cap rank | #3 |
| 24h volume | $17.88B |
| Circulating supply | 177.03B USDT |
| Total supply | 182.49B USDT |
| Maximum supply | No hard cap |
| Fully diluted value | $182.3B |
| All-time high | $1.32 · July 23, 2018 |
| All-time low | $0.5725 · March 1, 2015 |
Tether questions
What is the price of Tether today?
Tether (USDT) is trading at $0.9989, down 0.03% in the last 24 hours, read from CoinGecko at 16:01 UTC on November 8, 2026. In the last 24 hours it traded between $0.9989 and $0.9993.
What is Tether's market cap?
$176.84B, which ranks Tether #3 by market capitalisation. Market cap is the price ($0.9989) multiplied by the circulating supply (177.03B USDT). It measures the value of units in circulation, not money invested.
How many Tether are there?
177.03B USDT are in circulation, of a total supply of 182.49B. Tether has no hard cap on its supply.
What is Tether's all-time high?
$1.32, reached on July 23, 2018. At $0.9989, Tether trades 24.3% below that high.
How much Tether was traded in the last 24 hours?
$17.88B, equal to 10.1% of its market cap, across the exchanges CoinGecko tracks. Reported volume varies by venue and can be inflated; it is not the same as liquidity.
Why can USDT prices differ between exchanges?
Each venue has its own order book, fees and liquidity. Prices converge through arbitrage but can differ by the spread, especially on smaller venues. The markets section lists reliable venues first.
How fresh is this data?
Prices come from CoinGecko and refresh about every minute; each figure shows its source and when it was read. If the provider is unavailable, the page says so rather than showing a stale or invented number.
MARKET CONTEXT
More in Stablecoins
Other Stablecoins assets by market value, from the same CoinGecko snapshot.
COMPARE
Compare Tether
Side by side with the largest assets: size, returns, supply and distance from all-time high.
How to read this market file
Prices, capitalization and volume come from the displayed CoinGecko snapshot. Market capitalization and exchange volume describe different measures; neither is available liquidity for an order. Missing measurements remain blank. The chart opens the exact asset ID: tether.
Not shown right now: prediction (the data provider did not answer).
Data sources and editorial standards →