Tether USD USDT
USDT/USD price action, 168 candles at 15m. Data refreshes on every page load.
What is Tether USD (USDT)?
Tether USD (USDT) is a token trading on Ethereum at $1, with a market capitalisation around $184.11B. Its main pool holds $391.5K of liquidity on Uniswap V2, paired against MOCA. Over the last 24 hours USDT has gained +0.27% on $32.8K of trading volume across 240 transactions.
The pair was created 2.2 years ago (Jul 11, 2024). Price, liquidity and volume on this page are read directly from on-chain pool data.
The story behind USDT
Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S. dollar. The idea was to create a stable cryptocurrency that can be used like digital dollars. Coins that serve this purpose of being a stable dollar substitute are called “stable coins.” Tether is the most popular stable coin and even acts as a dollar replacement on many popular exchanges! According to their site, Tether converts cash into digital currency, to anchor or “tether” the value of the coin to the price of national currencies like the US dollar, the Euro, and the Yen. Like other cryptos it uses blockchain. Unlike other cryptos, it is [according to the official Tether site] “100% backed by USD” (USD is held in reserve). The primary use of Tether is that it offers some stability to the otherwise volatile crypto space and offers liquidity to exchanges who can’t deal in dollars and with banks (for example to the sometimes controversial but leading exchange Bitfinex) The digital coins are issued by a company called Tether Limited that is governed by the laws of the British Virgin Islands, according to the legal part of its website. It is incorporated in Hong Kong. It has emerged that Jan Ludovicus van der Velde is the CEO of cryptocurrency exchange Bitfinex, which has been accused of being involved in the price manipulation of bitcoin, as well as tether. Many people trading on exchanges, including Bitfinex, will use tether to buy other cryptocurrencies like bitcoin. Tether Limited argues that using this method to buy virtual currencies allows users to move fiat in and out of an exchange more quickly and cheaply. Also, exchanges typically have rocky relationships with banks, and using Tether is a way to circumvent that. USDT is fairly simple to use. Once on exchanges like Poloniex or Bittrex, it can be used to purchase Bitcoin and other cryptocurrencies. It can be easily transferred from an exchange to any Omni Layer enabled wallet. Tether has no transaction fees, although external wallets and exchanges may charge one. In order to convert USDT to USD and vise versa through the Tether.to Platform, users must pay a small fee. Buying and selling Tether for Bitcoin can be done through a variety of exchanges like the ones mentioned previously or through the Tether.to platform, which also allows the conversion between USD to and from your bank account.
Official channels, straight from the project:
USDT price performance
| Period | Change |
|---|---|
| 24 hours | +0.27% |
| 7 days | +0.76% |
| 30 days | +0.71% |
| From ATH ($1.02) | -1.28% |
| From ATL ($0.9656) | +3.96% |
USDT history: the key events, on-chain
USDT tokenomics and supply
Both addresses link straight to Etherscan. Every figure in this table is read from the chain and you can verify it there.
Market cap and fully diluted valuation are close, so most of the supply is already circulating.
USDT on-chain data, signal by signal
We are not auditors and we do not certify any token as safe. What follows are measurable facts read from the chain, each one stated so you can check it yourself. The index simply summarises them into a number: USDT sits at 89/100. Every threshold and penalty behind that figure is published in full on our methodology page.
USDT contract checks, reported by GoPlus Security
These checks come from GoPlus Security, an independent contract scanner. We publish their reading, we do not produce it.
What moves the USDT price?
USDT is a Ethereum token, so its price is set entirely by what happens in its liquidity pools rather than by any order book. Volume is low relative to the $391.5K sitting in the pool, so the price can stay flat for long stretches and then jump when a single sizeable order arrives. The main drivers are the depth of that pool, how concentrated the holder base is, general Ethereum market conditions, and social attention. For a token with a A grade, position size discipline matters more than any price prediction.
USDT to USD converter and price calculator
| USDT | USD |
|---|---|
| 1 USDT | $1 |
| 10 USDT | $10 |
| 100 USDT | $100 |
| 1,000 USDT | $1.0K |
| 10,000 USDT | $10.0K |
| USD | USDT |
|---|---|
| $10 | 9.96 USDT |
| $100 | 99.62 USDT |
| $1,000 | 996.22 USDT |
| $10,000 | 9,962 USDT |
| $100,000 | 99,622 USDT |
USDT markets and top pools
| Pool | DEX | Liquidity | 24h volume |
|---|---|---|---|
| USDT / USDS | Uniswap V4 Ethereum | $49.87M | $125.58M |
| WETH / USDT 0.3% | Uniswap V3 | $113.99M | $47.61M |
| DAI / USDC / USDT | Curve | $160.52M | $17.28M |
| USDC / USDT | Fluid Ethereum | $38.60M | $63.39M |
| USDC / USDT | Uniswap V4 Ethereum | $7.88M | $72.43M |
| USDC / USDT 0.01% | Uniswap V3 | $34.56M | $16.27M |
| POO / USDT 0.01% | Uniswap V3 | $49.72M | $10.00M |
| WBTC / USDT 0.05% | Uniswap V3 | $17.79M | $20.30M |
Liquidity spread across several pools generally means a healthier market: a single pool is easier to drain or manipulate than four.
How to buy Tether USD (USDT)
- Get a Ethereum wallet. Install MetaMask or Rabby and fund it with ETH.
- Open a DEX. USDT trades mainly on Uniswap V2. Paste the contract address rather than searching the ticker: names can be copied by scam tokens.
- Verify the contract. Check it against the address on this page:
0xdac17f958d2ee523a2206206994597c13d831ec7You can open that address on Etherscan and confirm supply, holders and transfers yourself instead of taking our word for it. - Set slippage sensibly. With $391.5K of liquidity, moderate orders should fill without extreme slippage, but size still matters.
- Confirm and review. After the swap, verify the tokens landed and that you can sell a small amount back. If a sell fails, treat it as a honeypot.
USDT versus other Ethereum pairs
| Token | Price | 24h | Liquidity | Score |
|---|---|---|---|---|
| USDT (this page) | $1 | +0.27% | $391.5K | A 89 |
| syBTC price | $0.0005237 | +799% | $411.1K | C 67 |
| KIBSHI price | $0.000001928 | +4.69% | $330.2K | B 82 |
| aptUSD price | $0.9998 | -0.06% | $505.6K | C 70 |
| LO0P price | $0.4075 | +11.9% | $251.4K | B 86 |
| WPRL price | $0.9777 | +14.0% | $250.9K | B 82 |
Is Tether USD (USDT) holding its peg?
USDT is designed to track a currency rather than to appreciate, so the useful question is not where the price is going but how tightly it is holding. Right now it trades at $1, gained +0.27% over 24 hours. Across the candles this page tracks, the price moved between its low and its high by 1.61%, which is a wider swing than a currency tracker normally shows.
What that means in practice: a peg is only as good as the pool behind it. This pair holds $391.5K of liquidity and traded $32.8K in the last 24 hours. Liquidity is what absorbs a large redemption without the price slipping, so a thin pool can show a clean price right up until somebody actually tries to exit through it. The numbers on this page are read from that pool, not from an issuer's dashboard.
A stable price is not a guarantee of backing. What the chain can show you is depth and turnover; what it cannot show you is the reserve behind the token. For that, check the issuer's own attestations.
How to trade USDT safely
- Size against liquidity, not conviction. The pool holds $391.5K. A trade worth more than roughly 1% of that will move the price against you.
- Test the exit first. Buy a small amount, then immediately sell part of it. Tokens that block sells are the single most common trap.
- Watch the buy/sell balance. Currently 113 buys against 127 sells in 24 hours. A rough balance between the two suggests the market functions in both directions.
- Check the age. This pool was created 2.2 years ago. Most rug pulls happen within the first hours of a pool going live.
- Never invest more than you can lose. Low-cap tokens can go to zero, and frequently do.
USDT FAQ
What is the price of USDT today?
Tether USD (USDT) trades at $1, gained +0.27% over the last 24 hours.
What do the on-chain numbers say about USDT?
We are not auditors and do not certify tokens. Measured from the chain, USDT sits at 89 out of 100 on our on-chain health index, computed from liquidity, volume quality, buy/sell balance and pair age. No mechanical red flags were detected, which is not a guarantee of safety.
How much liquidity does USDT have?
The tracked pool holds $391.5K of liquidity. Liquidity determines how much you can trade before moving the price and how easily you can exit.
Where can I buy Tether USD (USDT)?
USDT trades on Ethereum, mainly through Uniswap V2, across 20 tracked pools. Always paste the contract address instead of searching by ticker.
What is the 24 hour trading volume of USDT?
USDT has traded $32.8K in the last 24 hours across 240 transactions, split 113 buys and 127 sells.
When was USDT launched?
The tracked USDT pool was created 2.2 years ago, on Jul 11, 2024.
What is the all-time high of USDT?
The highest daily price on record is $1.02, reached on Apr 29, 2026. USDT currently trades -1.28% from that level.
What is the all-time low of USDT?
The lowest daily price on record is $0.9656, on Aug 19, 2026, putting the current price +3.96% above it.
What is the contract address of USDT?
The USDT contract address on Ethereum is 0xdac17f958d2ee523a2206206994597c13d831ec7. Check it against the address published by the project itself before buying: tickers and names are copied freely, the address is the only thing that identifies a token. This page links it straight to the block explorer so you can verify supply, holders and transfers yourself.
Could USDT be a honeypot?
Sells are going through (127 in the last 24 hours), which means the token is not blocking exits at this time. Always test a small sell first.
Keep exploring Ethereum
Traders looking at USDT also open syBTC, KIBSHI, aptUSD, LO0P, WPRL.