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USDT Rank 3 Stablecoin

Tether

$0.9991 +0.01% 24H +0.00% 7D
live quote, delayed and indicative CoinGecko observed 18 Oct 2026 03:47 UTC
Market cap Market cap $183.51B 6.64% of the market
Fully diluted Fully diluted $188.97B +2.98% above market cap
Volume, 24h Volume, 24h $30.48B 16.61% of market cap
Circulating Circulating 183.67B USDT no fixed maximum
From all-time high From all-time high -24.48% high on 23 Jul 2018
Volatility, 30d Volatility, 30d 0.4% annualized from daily moves
How to read this file. Each tab answers one question. Overview is the summary. Price is what it has done. Fundamentals is what it earns. Tokenomics is what happens to supply. Valuation puts the two together — with the limits of doing so stated. Every figure shows the period it was measured over and who published it.
01

What this is

Tether (USDT) is a stablecoin, a type of cryptocurrency designed to maintain a value equal to one US dollar at all times. It is issued by Tether Limited and is intended for people who want to move value across blockchain networks or exchanges without being exposed to the price swings typical of other cryptocurrencies. It addresses the problem of volatility in digital-asset markets by functioning as a digital stand-in for the US dollar.

Tether operates across multiple blockchains simultaneously, including Ethereum, Solana, Avalanche, Tezos, Near Protocol, and Celo, among others, meaning USDT tokens exist as native assets on each of those networks and settle according to each network's own rules. Tether Limited issues tokens and, according to its official materials, holds reserves in USD and equivalent assets to back the outstanding supply. The circulating stablecoin supply recorded here stands at approximately 183,936,395,289 USDT, with about 97.12 percent of the authorized supply having been issued at the time this data was collected.

The data stored for Tether does not include a protocol fee stream — there is no on-chain fee revenue figure recorded here, which means this site carries no fee-based measures such as price-to-fees or revenue yield for this asset. Tether Limited generates revenue as a company primarily through returns on the reserves it holds, but that is an off-chain business model and is not reflected in the on-chain metrics on this page. The 30-day average volume relative to market capitalization stands at 32.51 over the past 30 days, and the 24-hour figure is 27.19, reflecting the high transactional throughput of a widely used settlement instrument, but these are activity figures, not fee figures.

Written from the figures on this page by an AI language model and reviewed against them. It contains no view on price.

02

Price history

daily close end-of-day price history observed 18 Oct 2026 03:47 UTC 3491 daily observations stored
03

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04

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