Key USDT Statistics (Updated July 4, 2025)
- Current Price: $1 CNY
- Market Cap: $158.52B CNY
- 24h Trading Volume: $69.91B
- Circulating Supply: 158,423,500,000 USDT
- All-Time High: $1.22 (2015-02-25)
- All-Time Low: $0.57 (2015-03-02)
👉 Track USDT price live on OKX
What Is Tether (USDT)?
Tether is a stablecoin pegged 1:1 to the US dollar, designed to combine blockchain technology with fiat currency stability. Each USDT is backed by reserves held by Tether Ltd.
How Tether Maintains Its Peg
- Reserve-backed: Claims 1 USD reserve per USDT issued.
- Multi-chain: Operates across 12 blockchains (Ethereum, Tron, Solana, etc.).
- Transparency: Quarterly reserve reports since 2020 NYAG settlement.
USDT Price Analysis
Recent Trends
- 24h Change: -0.02%
- 7d Change: -0.03%
- 30d Change: -0.03%
- 90d Change: +0.05%
Historical Performance
| Period | Change | Low | High |
|---|---|---|---|
| 24h | -0.02% | $1.0000 | $1 |
| 1 Year | +0.09% | $0.9969 | $1 |
| All-Time | +76% | $0.57 | $1.22 |
Why Use Tether?
- Liquidity: Dominates 44% of stablecoin market share.
- Trading Pairs: Default base currency on exchanges like Bitget.
- DeFi Utility: Key collateral for lending/borrowing platforms.
- Cross-border Transactions: Avoids traditional banking delays.
FAQs
Q: Can USDT lose its peg?
A: Rarely. Temporary dips (e.g., 0.996 USD in June 2023) typically recover quickly due to arbitrage.
Q: How is USDT different from USDC?
A: USDT is less transparent but more widely adopted; USDC provides monthly attestations.
Q: Where to buy USDT securely?
A: Use regulated exchanges like 👉 OKX for low-fee transactions.
Q: What backs Tether's reserves?
A: Includes cash, cash equivalents, and commercial paper (details in quarterly reports).
Risks and Controversies
- Regulatory Scrutiny: 2020 NYAG $18.5M fine for misleading reserves.
- Centralization: Fully controlled by Tether Ltd.
- Depeg Events: Occasional minor deviations during market stress.
Future Outlook
- 2026 Prediction: $1.12 (analyst consensus).
- 2031 Prediction: $3.40 (+240% ROI potential).
Data refreshes every 5 minutes. Last update: 2025-07-04 08:12 UTC.
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