Tether Price Today

Tether (USDT) is the first stablecoin launched in the crypto market in 2014 by iFinex Inc. It aims to provide a stable digital asset that maintains a 1:1 peg with the US Dollar. Tether remains the leading centralized stablecoin by market cap, followed by USDC and Binance USD.

Why USDT is Unique

1. The first and best-known stablecoin in the crypto market
2. One of the most widely used stablecoins
3. High liquidity

What Gives USDT Value?

1. Provides a haven for crypto investors to store their funds during periods of high volatility in the crypto market
2. USDT is commonly used in trading pairs, giving crypto investors direct access to many different coins on the market

What Affects the Price of USDT?

1. Supply and demand for USDT
2. US dollar's price
3. Market's opinion on Tether (the company behind USDT)

How Secure is The USDT Network?

USDT doesn't have its blockchain — instead, it operates as a second-layer token on top of other crypto assets' blockchains: Bitcoin, Ethereum, EOS, Tron, Algorand, Bitcoin Cash, and OMG, and secured by their respective hashing algorithms.

FAQ

Is USDT the same as USD?
USDT is not the same as USD. USDT is a crypto asset that tracks the USD's price and will often face different financial regulations to USD in many jurisdictions.

Why should I buy USDT if it's the same value as USD?
USDT can offer a powerful tool for avoiding the sometimes extreme volatility of the crypto markets. For example, by moving funds to USDT, you might reduce your risk of exposure to a sudden drop in the price of crypto assets.

Since USDT is pegged to USD, does it mean it's safe to buy USDT?
Simple answer to that is no, there is no guarantee that USDT will hold its peg, and investors should always take extra care using stablecoins without fully audited reserves. Like any crypto, buying and using USDT involves its own risk.