About USDT
Name
Ticker
Symbol
Circulating supply
Maximum supply
Launch date
Rating
Website
White paper
Github
Peg
Collateral
Available on
PDF (20 pages)
-
US dollar
Fiat reserve
Arbitrum, BNB Chain, Ethereum, Gnosis Chain, Optimism, Polygon, Rootstock, Tezos
USDT market info
Rank
High (24h)
Low (24h)
Price cChange (24h)
Price cChange (7d)
Price cChange (30d)
$
$
%
%
%
Market cap
Volume (24h)
All-time high
ATH date
All-time low
$
$
$ (%)
$
USDT FAQ
Find below the answers to the most common questions about Tether's USD stablecoin. When available, we give you links to in-depth articles for further reading.
The USDT is a stablecoin pegged 1-to-1 to the US dollar. It is centralized, as it is backed by a reserve made of cash, U.S. Treasury Bills and other types of securities. It is currently the largest stablecoin of the market.
Right now, 1 USDT is worth $.
Right now, 1 US dollar is equal to USDT.
Tether is the company issuing and managing the USDT and EURT stablecoins. Created in 2014, it is based in the British Virgin Islands.
A stablecoin is a type of cryptocurrency designed to have the same value as a given fiat currency, like the US dollar. Its purpose is to let users invest in and out of volatile crypto-assets easily while remaining on chain, to facilitate crypto payments, and to denominate the price of other tokens in currencies that people are familiar with. To learn more, read our introduction to stablecoins.
Tether being based in the British Virgin Islands, the USDT isn't regulated by any major supervising authority. It has often been challenged for its lack of transparency, but Tether has recently stepped up its efforts to address that issue. It notably publishes audit reports and daily data on the state of its reserves here. However, the USDT has been live since 2014 and hasn't experienced any significant issue or depeg event. For a more detailed analysis of USDT's safety, read its rating on bluechip.org.
The USDT is designed to follow the price of the US dollar, it is therefore determined by it. Maintaining such peg mechanism is challenging, and it is possible for the USDT to deviate from the US dollar price for various technical or market reasons.
You never store USDT in itself. Instead, you store the private key giving you access and control over a wallet address that contains USDT. That key is stored in a wallet, which provides an interface to use it. To learn more, read our in-depth guide on storing crypto assets.
To send USDT, you use a crypto wallet like Bridge Wallet where you will choose the amount to send and the destination address. Confirm and send, that's it!
You can buy USDT here by bank transfer or by card on any self-custodial wallet. For more information, have a look at our step-by-step tutorial on how to buy USDT.
You can swap USDT on MtPelerin against one of the cryptocurrencies that we support, using any self-custodial wallet. For more information, have a look at our step-by-step tutorial on how to swap USDT.
You can cash out USDT here easily with MtPelerin and withdraw funds on your bank account in one of the 12 fiat currencies that we support. For more information, have a look at our step-by-step tutorial on how to sell USDT.
New to crypto?
Read on our blog everything you need to know to get started in the world of crypto on the right foot!
Have a question?
Check our FAQ
The most common questions that our clients ask us are all answered there. Have a look!
Contact us
We answer all your questions, and we answer them fast! Get in touch by email or through Bridge Wallet's contact form.
