Current USDT Price
The latest price of USDT (Tether) is:
- ¥6.7612 (≈ $0.998700 or ฿0.00005788375317).
- Today’s change: -0.15% (▼ ¥0.010155).
- 24-hour high: ¥6.781500 | 24-hour low: ¥6.755100.
Market Details
| Key Metrics | Values |
|-------------------------|----------------------------|
| 24H High | ¥7.23 |
| 24H Low | ¥7.19 |
| 24H Trading Volume | ¥2446.51B (339.45B USDT) |
| Market Cap | ¥4776.39B |
| Circulating Supply | 662.72B USDT (100%) |
| All-Time High | ¥9.5 |
| All-Time Low | ¥4.12 |
| Launch Date | 2014-11-26 |
Price Trends
USDT maintains a stablecoin status, pegged 1:1 to the USD. Recent fluctuations reflect broader crypto market dynamics.
The Past and Present of Tether
1. Origins of Tether
- In November 2014, Realcoin (registered in the Isle of Man and Hong Kong) rebranded as Tether.
- It introduced USDT, a USD-backed stablecoin, with a promise of 1:1 reserve backing.
2. Key Milestones
- 2015: Bitfinex, then the largest Bitcoin futures platform, adopted USDT.
- Growth: USDT became a liquidity bridge for crypto traders, offering stability amidst volatile markets.
3. How USDT Works
- Each 1 USDT = 1 USD, held in Tether’s reserves.
- Users can redeem USDT for USD at any time.
👉 Why is USDT the most traded stablecoin?
FAQ
Q: Is USDT fully backed by USD?
A: Tether claims 1:1 reserves, but audits remain sporadic.
Q: What’s the advantage of using USDT?
A: It provides price stability in crypto trading.
Q: Can USDT lose its peg?
A: Rarely, but market crises (e.g., 2022 Terra collapse) may cause temporary depegs.