Tether USDt, or USDT, is a digital token that was launched in 2014. It is designed to facilitate the use of traditional fiat currencies in a digital way, intending to provide an alternative to the conventional financial system with a digital approach to money. Tether (USDT) is pegged to the value of a U.S. dollar (also known as a stablecoin). Tether's issuer claims that USDT is backed by bank reserves and loans that match or exceed the value of USDT in circulation. This digital dollar is powered by blockchain technology and exists on several blockchains, including Algorand, Avalanche, Ethereum, EOS, and more. Important note: at this time, Coinbase only supports USDT on the Ethereum blockchain (ERC-20). Do not send USDT to Coinbase on any other blockchain.

Tether USDt operates as a digital token built on various blockchains. Each Tether token is backed 100% by Tether's reserves, and the company strives to maintain transparency by publishing a record of its current reserve assets. The value of USDT is intended to be maintained by Tether to remain pegged to the U.S. dollar, with the company allocating the same amount of USD to its reserves whenever it issues new USDT tokens.

Tether USDt offers a variety of potential use cases. Its relative historical stability, compared to the high volatility of other cryptocurrencies, might make it attractive for beginners wanting to enter the cryptocurrency world. Additionally, USDT provides a way to transact a U.S. dollar equivalent across regions, countries, and even continents via blockchain, eliminating the need for traditional intermediaries like banks or financial service providers.

Tether USDt was launched in 2014 by Brock Pierce, Reeve Collins, and Craig Sellars. Originally known as Realcoin, it was the first blockchain-enabled platform to facilitate the digital use of traditional currencies. Over the years, Tether has made strides, allowing customers to transact with traditional currencies across the blockchain. Despite some controversies, Tether has continued its operations. As of November 2023, there were over 88.8 billion USDT tokens in circulation. Tether has expanded into the Latin American market in 2022 with the launch of MXNT, a new stablecoin backed by the Mexican peso.

We update our Tether to GBP currency in real-time. Get the live price of Tether on Coinbase.

The current market cap of Tether is £137.957B. A high market cap implies that the asset is highly valued by the market.

The all-time high of Tether is £0.91. This all-time high is highest price paid for Tether since it was launched.

Over the last 24 hours, the trading volume of Tether is £70.541B.

Assets that have a similar market cap to Tether include Ethereum, BNB, Bitcoin, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Tether is 184 billion.

Tether ranks 18 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Currently, 93% of Coinbase users are buying Tether. In other words, 93% of Coinbase customers have increased their net position in Tether over the past 24 hours through trading.