How much is Tether USDT?

Use CoinMarketCap’s guide. The live Tether USDt price today is $1.00 USD with a 24-hour trading volume of $20,337,648,351 USD. We update our USDT to USD price in real-time. Tether USDt is up 0.01% in the last 24 hours. The current CoinMarketCap ranking is #3, with a live market cap of $83,383,842,335 USD.

What is USDT & how does it work?

USDT’s unique feature is the fact that its value is guaranteed by Tether to remain pegged to the U.S. dollar. According to Tether, whenever it issues new USDT tokens, it allocates the same amount of USD to its reserves, thus ensuring that USDT is fully backed by cash and cash equivalents.

Can USDT be mined?

USDT cannot be mined. Tether issues USDT stablecoins by minting and issuing them to KYC-ed users on their official website. Users can also obtain USDT by trading through a cryptocurrency pair on an exchange. Could the value of USD Tether increase by +5% to 1.2586595 based on the forecasted value?

What is a stablecoin (USDT)?

Stablecoins are blockchain-based tokens that are designed to track the price of another asset—the most popular stablecoins are pegged to national currencies like the US dollar, euro and Japanese yen. The role of USDT is to track the US dollar, with 1 USDT token ideally being exchangeable for 1 USD.