Tether USD

Tether USD
USDT
Contract address
0xdac1...831ec7
Copy USDT contract address
$0.9991
$0.00(0.00%)Today
Market cap
183.02B
Total volume (24h)
29.57B
Volume / Market cap
0.1615
Circulating supply
183.18B
Day range (24h)
$0.9988$0.9998
All-time low
$0.5725
All-time high
$1.32

About Tether USD (USDT)

Tether, aka USDT, is a fiat-backed stablecoin designed to maintain a value of 1 USD. USDT offers a way to transact and store value in a stable digital currency. Stablecoins are usually pegged to a traditional asset like the U.S. dollar or the Euro. Cryptocurrencies, like Bitcoin or Ethereum, can change in price significantly. However a stablecoin aims to stay affixed in value. One stablecoin typically equals one unit of the asset it represents. For example, $1 USD equals 1 USDC.

Many stablecoins achieve price stability by being backed by reserves, such as cash or short-term government bonds, or by using algorithms to balance supply and demand. This makes them useful for sending money, trading, or participating in DeFi protocols without worrying about large fluctuations in value. Stablecoins are widely used for payments, savings, and as a bridge between traditional finance (TradFi) and decentralized finance (DeFi).

You can use USDT to trade and transact digital currencies, as well as participate in blockchain networks such as Ethereum, Solana, and more. USDT is an ERC-20 (and multi-chain compatible) token that is said to be fully backed by reserves, including cash and cash equivalents. Tether claims that USDT is fully backed by reserves, which may include cash, cash equivalents, and other assets. This means that for every 1 USDT issued, Tether asserts that it holds $1 USD or an equivalent asset in reserve. Unlike cryptocurrencies that use mining or staking to validate transactions, USDT is issued by approved entities who manage its reserves.

USDT is beneficial to crypto networks because it increases accessibility, liquidity, and interoperability. With USDT, users can transact with a price-stable asset across multiple blockchain ecosystems. You can redeem your USDT for U.S. dollars at any time through approved partners.

Today, USDT is one of the world’s largest and most widely used stablecoins, trusted for payments, trading, DeFi, and more.

Price history

Today (August 15, 2026)$0.99910.00%
24 hours ago (August 14, 2026)$0.000.00%
1 week ago (August 8, 2026)$0.000.00%
1 month ago (July 16, 2026)$0.000.00%
1 year ago (August 15, 2025)$1.00-0.20%

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USDT market moves

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24h change: 0.00%. From $0.9991 to $0.9991.

  • Tether announced on August 13 that KPMG US completed a full audit of Tether International's 2025 financial statements and issued an unqualified opinion, the highest level of assurance under US GAAP. The audit examined assets, liabilities, gold holdings exceeding 146 tons, and confirmed reserves exceeded USDT liabilities by approximately $6.8 billion. This is positioned as the largest inaugural financial audit in digital assets history and advances transparency beyond prior quarterly attestations. It matters as stablecoin issuers face growing regulatory scrutiny and institutional demands for verified reserves.
  • Tether's tokenized gold product XAU₮ saw holdings rise 9.5 percent in Q2 2026 despite falling gold prices, with total gold reserves now exceeding 146 tons. The company has been an active gold buyer, ranking among top central banks in acquisitions during the period. This ties into broader reserve management shown in attestations with $1.5 billion Q2 operating profit and a $4.11 billion reserve buffer. It signals Tether's strategy to diversify backing assets and meet demand for tokenized real-world commodities.
  • The Bank of Russia approved USDT for public trading on exchanges while imposing a strict cap on retail transactions. This development expands regulated use of the stablecoin in a major market. It aligns with Tether's global adoption and comes alongside other international moves such as tokenization partnerships in Saudi Arabia. The approval highlights growing institutional and jurisdictional acceptance of USDT for settlements and trading.

24h change: 0.00%. From $0.9991 to $0.9991.

  • TRON processed $2.1 trillion in USDT transfers during Q2 2026 and now hosts over $91 billion of the stablecoin after a recent $1 billion mint. Nearly all of TRON's stablecoin supply is USDT, which is increasingly used for peer-to-peer payments, cross-border settlements, remittances, and everyday dollar activity due to the network's low fees and speed. This underscores USDT's evolution from a trading tool to core financial infrastructure on accessible blockchains. The development matters as it highlights real-world adoption metrics beyond speculative crypto trading.
  • Tether generated $1.5 billion in net operating profit for Q2 2026 and increased its gold holdings by 14 tons to more than 146 metric tons. The company maintained a $4.11 billion reserve buffer despite some reduction. These attestations from BDO reinforce transparency around USDT backing with a mix of treasuries, gold, and other assets. It matters for users as it addresses long-standing questions about reserves while showing Tether's diversification beyond cash equivalents.
  • Russia's central bank has proposed allowing retail trading of Bitcoin, Ethereum, and USDT on regulated exchanges, with a draft including USDT as one of three approved cryptos. This follows new laws and signals growing institutional and regulatory acceptance of the stablecoin in specific jurisdictions. USDT's inclusion alongside major assets highlights its status as a key dollar proxy in global markets. The move could expand access while raising questions around compliance and sanctions.

24h change: 0.00%. From $0.9991 to $0.9991.

  • The Bank of Russia published a draft directive on August 11 listing bitcoin, ethereum, and Tether's USDT as the only cryptocurrencies eligible for public trading on licensed platforms. Non-qualified retail investors face an annual cap of about 300,000 rubles and must pass a risk test, while qualified investors have no limits. The proposal follows a new law signed earlier in August and remains open for public comment until August 24 before taking effect. This development recognizes USDT's liquidity and track record, potentially increasing its adoption for settlements in Russia.
  • TRON continues to host a growing share of USDT with supply now over $91 billion following recent minting activity. The network processes substantial transfer volumes, particularly for P2P payments, remittances, and settlements in emerging markets across Latin America, Africa, and Southeast Asia. Reports indicate TRON accounts for a dominant portion of stablecoin transfers in these regions due to low fees and efficient infrastructure. This reinforces TRON's position as a primary settlement layer for USDT.
  • Tether is extending its Hadron tokenization platform to Saudi Arabia in collaboration with local partners, initially focusing on institutional real estate assets. The initiative aims to bring more real-world assets onchain and may expand to additional asset classes. This aligns with Tether's broader push beyond stablecoins into tokenized assets while maintaining its core USDT issuance and reserve management practices. The move reflects growing institutional interest in blockchain-based financial infrastructure in the Middle East.

24h change: 0.00%. From $0.9992 to $0.9992.

  • TRON's USDT supply reached an all-time high near $89 billion in Q2 2026, representing a significant share of total circulating USDT. Quarterly transfer volume on the network hit $2.1 trillion, with the majority tied to P2P and settlement activity. This growth reinforces TRON as a primary low-cost rail for USDT, particularly in emerging markets where stablecoin usage for everyday transfers remains high. Tether also minted an additional $1 billion USDT on the network in August.
  • Tether generated $1.5 billion in net operating profit during Q2 2026, up from the prior quarter. The company maintained a $4.11 billion reserve buffer and increased physical gold holdings to more than 146 tons. These results come from yields on U.S. Treasuries and other reserves backing USDT, supporting ongoing attestation and transparency efforts.
  • Tether signed an MoU with the Nairobi Securities Exchange to explore tokenization, blockchain, and digital asset education in Africa. The company also launched a collaboration using Hadron by Tether for institutional real estate tokenization in Saudi Arabia. These moves align with broader growth in tokenized gold products and USDT use in payments and emerging market adoption.

24h change: 0.00%. From $0.9991 to $0.9991.

  • Tether generated $1.5 billion in net operating profit for the second quarter of 2026 according to its BDO-attested report. The reserve buffer stood at $4.11 billion after declining by about half from prior levels. Gold holdings expanded to more than 146 tons with Q2 growth of 9.5 percent despite falling gold prices. These results demonstrate ongoing profitability from U.S. Treasury and repurchase agreement holdings that back USDT.
  • Tether announced a collaboration with First Data and BKN301 on August 6 to deploy its Hadron platform for institutional-grade real estate tokenization. This initiative advances Tether's role in bridging traditional assets with blockchain technology. Tether Gold holdings rose 9.5 percent in Q2 reflecting sustained demand for tokenized commodities during market volatility.
  • A July analysis indicates USDT has approximately two years to meet new U.S. standards under the GENIUS Act or risk reduced access to American crypto platforms. Tether launched USAT as a compliant alternative issued via Anchorage Digital with stricter reserve requirements focused on cash and Treasuries. Reserve composition including bitcoin holdings and precious metals continues to draw scrutiny in regulatory discussions.

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