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  • Market Cap: $1,432,702,502,845.96
  • 24h Vol: $73,233,038,249.70
  • BTC Dominance: 49.75%

$1.00

0.01% (24H)
Low $1.00
High $1.00
  • Market Cap $104.54 B
  • Volume $63.86 B
  • Available Supply 104.50 B USDT
  • ATH $1.32
  • ATH(% Change) -24.42%
  • ATH Date 2018-07-24
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Date Price Volume MarketCap
# Exchange Pair Price Volume (24h) Updated Trust Score

Tether USDT price today is $1.00 💹 with a marketcap of $104.54 B. Its price is 0.01% up in last 24 hours.

What is Tether (USDT)?

A stablecoin is a form of cryptocurrency such as Tether, which is represented by the symbol USDT. USDT is made to keep a constant value equating to the US dollar, unlike other cryptocurrencies like Bitcoin or Ethereum, which have considerable price changes. Through a process known as "tokenization," which backs each Tether coin with a comparable reserve of real-world fiat currency, principally USD, this stability is attained.

How does it work?

The decentralized ledger technology that underlies most cryptocurrencies, blockchain, is the foundation of USDT. Tether, which was developed utilizing the Omni Layer Protocol and the Bitcoin blockchain, uses smart contracts to create and redeem tokens. Users first put fiat money into Tether's reserve accounts to start the process. An equivalent quantity of USDT is generated and distributed to the user's digital wallet once the funds have been validated and confirmed.

One of USDT main advantages is its transparency. For the purpose of ensuring that the token-to-reserve ratio is maintained appropriately, the organization offers regular audits performed by respected accounting companies. Users can feel secure knowing that each Tether they own is backed by an equivalent quantity of fiat money thanks to this practice.

How to get Tether?

Tether acquisition is a rather simple procedure. This stablecoin can be obtained in a number of ways:

Cryptocurrency Exchanges: USDT is widely offered on many different cryptocurrency exchanges, making it available to people all over the world. USDT trading pairs are available on well-known exchanges like Binance, Coinbase, and Kraken, allowing users to buy USDT with other cryptocurrencies or fiat money.

Peer-to-Peer Transactions: Peer-to-peer transactions are a different way to acquire USDT. Finding someone ready to sell USDT directly in exchange for other cryptocurrencies or fiat money entails doing this. These peer-to-peer transactions are made possible by a number of platforms, enabling users to connect and trade safely.

Over-the-counter (OTC) Desks: OTC desks are another way to buy tether. OTC desks facilitate high-volume transactions by serving as an intermediary between buyers and sellers. Individuals seeking to perform large deals or institutional investors favor this strategy in particular.

Tether price live data?

There are many resources available to keep up with the Tether price in real-time. Here are a few well-liked choices:

Cryptocurrency Exchanges: The majority of cryptocurrency exchanges offer real-time USDT pricing information. Users can examine the current price of USDT in relation to other cryptocurrencies or fiat currencies by visiting the trading pairs that involve USDT.

Websites with coin market caps: Websites with coin market caps, like CoinMarketCap and CoinGecko, offer thorough market data for a variety of cryptocurrencies, including USDT. These services enable users to track the performance of USDT by displaying the live price, market capitalization, trading volume, and other pertinent data.

Crypto Price Tracking Apps: Applications for tracking cryptocurrency values on mobile devices also provide up-to-date information on Tether. Users may create customized alerts, check historical price data, and keep track of Tether market moves with apps like Blockfolio, Delta, and CoinStats.

conclusion

In the erratic crypto market, USDT has proven to be a solid and stable digital currency. A large user base has been drawn to it due to its capacity to keep its value stable through tokenization and the support of real-world fiat currencies. USDT offers a simple and convenient option, whether you're a trader looking for stability in a volatile market or a user interested in taking part in decentralized finance (DeFi) ecosystems.